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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC</title>
        <cusip>G92087348</cusip>
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          <isin value="GB00BVZK7T90"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BCE Inc.</name>
        <lei>5493001I9203PRB5KR45</lei>
        <title>BCE Inc.</title>
        <cusip>05534B760</cusip>
        <identifiers>
          <isin value="CA05534B7604"/>
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        <balance>62916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
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        <pctVal>0.400185769986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kesko OYJ</name>
        <lei>743700OX6HSVMCAHPB95</lei>
        <title>Kesko OYJ, Class B</title>
        <cusip>X44874109</cusip>
        <identifiers>
          <isin value="FI0009000202"/>
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        <balance>80067.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
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        <pctVal>0.528999875076</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Construction Co., Ltd.</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co., Ltd.</title>
        <cusip>J11151107</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
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        <balance>76191.00000000</balance>
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        <pctVal>0.459190181650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Bollore SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>Bollore SE</title>
        <cusip>F10659260</cusip>
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          <isin value="FR0000039299"/>
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        <balance>372062.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2348203.45000000</valUSD>
        <pctVal>0.629785660231</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>ORIX JREIT Inc.</name>
        <lei>353800WVNTBIU65TA247</lei>
        <title>ORIX JREIT Inc.</title>
        <cusip>J8996L102</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
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        <balance>3771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2393365.48000000</valUSD>
        <pctVal>0.641898068498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Metropolitan Fund Investment Corp.</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>Japan Metropolitan Fund Investment Corp.</title>
        <cusip>J27544105</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
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        <balance>3281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
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        <pctVal>0.651518372278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meiji Holdings Co., Ltd.</name>
        <lei>5299002D52YIP6DWMV49</lei>
        <title>Meiji Holdings Co., Ltd.</title>
        <cusip>J41729104</cusip>
        <identifiers>
          <isin value="JP3918000005"/>
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        <balance>73225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1736324.20000000</valUSD>
        <pctVal>0.465680298133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="802769.23000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Glp J-Reit</name>
        <lei>353800E27V9KA51K2I90</lei>
        <title>Glp J-Reit</title>
        <cusip>J17305103</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
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        <balance>2582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2235526.17000000</valUSD>
        <pctVal>0.599565733939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>Investor AB, Class B</title>
        <cusip>W5R777115</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
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        <balance>43345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
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        <pctVal>0.470834172434</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="14634.02000000"/>
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      <invstOrSec>
        <name>Mcdonald'S Holdings Co. (Japan), Ltd.</name>
        <lei>529900FY9FV0AYNRC729</lei>
        <title>Mcdonald'S Holdings Co. (Japan), Ltd.</title>
        <cusip>J4261C109</cusip>
        <identifiers>
          <isin value="JP3750500005"/>
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        <balance>44168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
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        <pctVal>0.614070012706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2217500.67000000"/>
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      <invstOrSec>
        <name>Mapletree Logistics Trust</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>Mapletree Logistics Trust</title>
        <cusip>Y5759Q107</cusip>
        <identifiers>
          <isin value="SG1S03926213"/>
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        <balance>1675390.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AXA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA</title>
        <cusip>F06106102</cusip>
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          <isin value="FR0000120628"/>
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        <balance>36342.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Legal &amp; General Group PLC</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>Legal &amp; General Group PLC</title>
        <cusip>G54404127</cusip>
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          <isin value="GB0005603997"/>
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        <balance>532894.00000000</balance>
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        <valUSD>1826194.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG, PC</title>
        <cusip>H49983184</cusip>
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          <isin value="CH0010570767"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hulic Co., Ltd.</name>
        <lei>3538002E12E7IHAKTB10</lei>
        <title>Hulic Co., Ltd.</title>
        <cusip>J23594112</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
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        <balance>141087.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Suntory Beverage &amp; Food Ltd.</name>
        <lei>549300FONLMVK7YYYH41</lei>
        <title>Suntory Beverage &amp; Food Ltd.</title>
        <cusip>J78186103</cusip>
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          <isin value="JP3336560002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Australian Pipeline Ltd.</name>
        <lei>549300T9RBSX164T8H40</lei>
        <title>Australian Pipeline Ltd.</title>
        <cusip>Q0437B100</cusip>
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          <isin value="AU000000APA1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kyushu Railway Co.</name>
        <lei>5299002CCI6HLWAN3K50</lei>
        <title>Kyushu Railway Co.</title>
        <cusip>J41079104</cusip>
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          <isin value="JP3247010006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SoftBank Corp.</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SoftBank Corp.</title>
        <cusip>J75963132</cusip>
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          <isin value="JP3732000009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TELUS Corp.</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TELUS Corp.</title>
        <cusip>87971M103</cusip>
        <identifiers>
          <isin value="CA87971M1032"/>
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        <balance>135901.00000000</balance>
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        <valUSD>1698388.08000000</valUSD>
        <pctVal>0.455505871219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Assa Abloy AB</name>
        <lei>549300YECS8HKCIMMB67</lei>
        <title>Assa Abloy AB, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007100581"/>
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        <balance>41481.00000000</balance>
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        <valUSD>1593204.54000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1553510.07000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG, PC</title>
        <cusip>H7258G209</cusip>
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          <isin value="CH0024638196"/>
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        <balance>4656.00000000</balance>
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        <valUSD>1626367.04000000</valUSD>
        <pctVal>0.436189905123</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>Ferrovial N.V.</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>Ferrovial N.V.</title>
        <cusip>N3168P101</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
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        <balance>26087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1790519.60000000</valUSD>
        <pctVal>0.480215446597</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>Telstra Group Ltd.</name>
        <lei>894500WRW54CVN62K416</lei>
        <title>Telstra Group Ltd.</title>
        <cusip>Q8975N105</cusip>
        <identifiers>
          <isin value="AU000000TLS2"/>
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        <balance>723395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>2774357.28000000</valUSD>
        <pctVal>0.744079662817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Admiral Group PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>Admiral Group PLC</title>
        <cusip>G0110T106</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
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        <balance>38083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1747337.36000000</valUSD>
        <pctVal>0.468634015896</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>George Weston Ltd.</name>
        <lei>549300FAHC3L1QKNT280</lei>
        <title>George Weston Ltd.</title>
        <cusip>961148509</cusip>
        <identifiers>
          <isin value="CA9611485090"/>
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        <balance>25142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1810792.93000000</valUSD>
        <pctVal>0.485652732075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Corp. of Canada</name>
        <lei>549300BE2CB8T87IJV50</lei>
        <title>Power Corp. of Canada</title>
        <cusip>739239101</cusip>
        <identifiers>
          <isin value="CA7392391016"/>
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        <balance>39745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2212824.99000000</valUSD>
        <pctVal>0.593477301681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT, Inc.</name>
        <lei>353800VHQU5VIXVUA841</lei>
        <title>NTT, Inc.</title>
        <cusip>J59396101</cusip>
        <identifiers>
          <isin value="JP3735400008"/>
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        <balance>2056486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2001226.30000000</valUSD>
        <pctVal>0.536726758756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="277922.12000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>TPG Telecom Ltd.</name>
        <lei>9845008F2E58CD6F7984</lei>
        <title>TPG Telecom Ltd.</title>
        <cusip>Q9159A141</cusip>
        <identifiers>
          <isin value="AU0000090128"/>
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        <balance>600977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1815174.21000000</valUSD>
        <pctVal>0.486827786698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kone OYJ</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>Kone OYJ, Class B</title>
        <cusip>X4551T105</cusip>
        <identifiers>
          <isin value="FI0009013403"/>
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        <balance>27355.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1740404.06000000</valUSD>
        <pctVal>0.466774512232</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>Fortis Inc.</name>
        <lei>549300MQYQ9Y065XPR71</lei>
        <title>Fortis Inc.</title>
        <cusip>349553107</cusip>
        <identifiers>
          <isin value="CA3495531079"/>
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        <balance>44541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2542021.07000000</valUSD>
        <pctVal>0.681767339151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AltaGas Ltd.</name>
        <lei>2549008X5V70MOS4HM10</lei>
        <title>AltaGas Ltd.</title>
        <cusip>021361100</cusip>
        <identifiers>
          <isin value="CA0213611001"/>
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        <balance>54127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2024543.07000000</valUSD>
        <pctVal>0.542980291595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Takeda Pharmaceutical Co. Ltd.</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>Takeda Pharmaceutical Co. Ltd.</title>
        <cusip>J8129E108</cusip>
        <identifiers>
          <isin value="JP3463000004"/>
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        <balance>43166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1441778.62000000</valUSD>
        <pctVal>0.386683487797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Smiths Group PLC</name>
        <lei>213800MJL6IPZS3ASA11</lei>
        <title>Smiths Group PLC</title>
        <cusip>G82401111</cusip>
        <identifiers>
          <isin value="GB00B1WY2338"/>
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        <balance>53599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1847958.58000000</valUSD>
        <pctVal>0.495620519757</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>CK Infrastructure Holdings Ltd.</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK Infrastructure Holdings Ltd.</title>
        <cusip>G2178K100</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
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        <balance>201050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>1692286.34000000</valUSD>
        <pctVal>0.453869391060</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>Geberit AG</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>Geberit AG</title>
        <cusip>H2942E124</cusip>
        <identifiers>
          <isin value="CH0030170408"/>
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        <balance>2328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>1571764.02000000</valUSD>
        <pctVal>0.421545433409</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>Medibank Private Ltd.</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>Medibank Private Ltd.</title>
        <cusip>Q5921Q109</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
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        <balance>584971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1986333.51000000</valUSD>
        <pctVal>0.532732528365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nordea Bank Abp</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank Abp</title>
        <cusip>X5S8VL105</cusip>
        <identifiers>
          <isin value="FI4000297767"/>
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        <balance>88911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1663372.50000000</valUSD>
        <pctVal>0.446114730017</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>
        <name>Asahi Group Holdings, Ltd.</name>
        <lei>353800KAJ02XNHLCJW79</lei>
        <title>Asahi Group Holdings, Ltd.</title>
        <cusip>J02100113</cusip>
        <identifiers>
          <isin value="JP3116000005"/>
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        <balance>162104.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>LIXIL Corp.</name>
        <lei>353800KB8G4F9WUJJ886</lei>
        <title>LIXIL Corp.</title>
        <cusip>J3893W103</cusip>
        <identifiers>
          <isin value="JP3626800001"/>
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        <balance>164391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Sampo OYJ</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo OYJ</title>
        <cusip>X75653232</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
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        <balance>182541.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Orange</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange</title>
        <cusip>F6866T100</cusip>
        <identifiers>
          <isin value="FR0000133308"/>
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        <balance>86735.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1805104.59000000</valUSD>
        <pctVal>0.484127125356</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>KDX Realty Investment Corp.</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>KDX Realty Investment Corp.</title>
        <cusip>J32922106</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
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        <balance>2157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2250849.21000000</valUSD>
        <pctVal>0.603675356920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Kintetsu Group Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Kintetsu Group Holdings Co., Ltd.</title>
        <cusip>J3S955116</cusip>
        <identifiers>
          <isin value="JP3260800002"/>
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        <balance>84235.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1796933.42000000</valUSD>
        <pctVal>0.481935626279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A.</title>
        <cusip>T8578N103</cusip>
        <identifiers>
          <isin value="IT0003153415"/>
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        <balance>282952.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2230057.85000000</valUSD>
        <pctVal>0.598099136349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Orkla ASA</name>
        <lei>549300PZS8G8RG6RVZ52</lei>
        <title>Orkla ASA</title>
        <cusip>R67787102</cusip>
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          <isin value="NO0003733800"/>
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        <balance>138177.00000000</balance>
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        <pctVal>0.455223388010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Groupe Bruxelles Lambert - Groep Brussel Lambert N.V.</name>
        <lei>549300KV0ZEHT2KVU152</lei>
        <title>Groupe Bruxelles Lambert - Groep Brussel Lambert N.V.</title>
        <cusip>B4746J115</cusip>
        <identifiers>
          <isin value="BE0003797140"/>
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        <balance>20035.00000000</balance>
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        <valUSD>1870637.64000000</valUSD>
        <pctVal>0.501703019455</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Reckitt Benckiser Group PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group PLC</title>
        <cusip>G7S0C8107</cusip>
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          <isin value="GB00BSZBP530"/>
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        <balance>23019.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Nova Scotia (The)</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia (The)</title>
        <cusip>064149107</cusip>
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          <isin value="CA0641491075"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Waste Connections, Inc.</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>Waste Connections, Inc.</title>
        <cusip>94106B101</cusip>
        <identifiers>
          <isin value="CA94106B1013"/>
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        <balance>10098.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLP Holdings Ltd.</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP Holdings Ltd.</title>
        <cusip>Y1660Q104</cusip>
        <identifiers>
          <isin value="HK0002007356"/>
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        <balance>344384.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invincible Investment Corp.</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>Invincible Investment Corp.</title>
        <cusip>J2442V103</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
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        <balance>5262.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Suncorp Group Ltd.</name>
        <lei>549300BVOKRTHDIWVT46</lei>
        <title>Suncorp Group Ltd.</title>
        <cusip>Q88040334</cusip>
        <identifiers>
          <isin value="AU000000SUN6"/>
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        <balance>150390.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ageas S.A./N.V.</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>Ageas S.A./N.V.</title>
        <cusip>B0148L138</cusip>
        <identifiers>
          <isin value="BE0974264930"/>
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        <balance>27432.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wilmar International Ltd.</name>
        <lei>549300H2EAI4YRLWBB20</lei>
        <title>Wilmar International Ltd.</title>
        <cusip>Y9586L109</cusip>
        <identifiers>
          <isin value="SG1T56930848"/>
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        <balance>686023.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group</title>
        <cusip>Q9194A106</cusip>
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          <isin value="AU000000TCL6"/>
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        <balance>224592.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG</title>
        <cusip>H5820Q150</cusip>
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          <isin value="CH0012005267"/>
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        <balance>10684.00000000</balance>
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        <pctVal>0.423102993350</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>
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      <invstOrSec>
        <name>Enbridge Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc.</title>
        <cusip>29250N105</cusip>
        <identifiers>
          <isin value="CA29250N1050"/>
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        <balance>38157.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koninklijke KPN N.V.</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>Koninklijke KPN N.V.</title>
        <cusip>N4297B146</cusip>
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          <isin value="NL0000009082"/>
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        <balance>347879.00000000</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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      <invstOrSec>
        <name>Endesa S.A.</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>Endesa S.A.</title>
        <cusip>E41222113</cusip>
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          <isin value="ES0130670112"/>
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        <balance>41004.00000000</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>USS Co., Ltd.</name>
        <lei>5299000RRQD6UZXG4W72</lei>
        <title>USS Co., Ltd.</title>
        <cusip>J9446Z105</cusip>
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          <isin value="JP3944130008"/>
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        <balance>169376.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koninklijke Ahold Delhaize N.V.</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize N.V.</title>
        <cusip>N0074E105</cusip>
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          <isin value="NL0011794037"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aurizon Holdings Ltd.</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>Aurizon Holdings Ltd.</title>
        <cusip>Q0695Q104</cusip>
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          <isin value="AU000000AZJ1"/>
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        <balance>657237.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mowi ASA</name>
        <lei>549300W1OGQF5LZIH349</lei>
        <title>Mowi ASA</title>
        <cusip>R4S04H101</cusip>
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          <isin value="NO0003054108"/>
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        <balance>71184.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Overseas Bank Ltd.</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>United Overseas Bank Ltd.</title>
        <cusip>Y9T10P105</cusip>
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          <isin value="SG1M31001969"/>
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        <balance>67279.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nestle S.A.</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle S.A.</title>
        <cusip>H57312649</cusip>
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          <isin value="CH0038863350"/>
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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>
        <name>Singapore Exchange Ltd.</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>Singapore Exchange Ltd.</title>
        <cusip>Y79946102</cusip>
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          <isin value="SG1J26887955"/>
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        <balance>111660.00000000</balance>
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        <valUSD>1908121.79000000</valUSD>
        <pctVal>0.511756228497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Coles Group Ltd.</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd.</title>
        <cusip>Q26203408</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
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        <balance>115107.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1832027.04000000</valUSD>
        <pctVal>0.491347697725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Japan Railway Co.</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>West Japan Railway Co.</title>
        <cusip>J95094108</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
        </identifiers>
        <balance>82104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1484790.42000000</valUSD>
        <pctVal>0.398219206672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="431228.35000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kao Corp.</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>Kao Corp.</title>
        <cusip>J30642169</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
        </identifiers>
        <balance>43296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1611832.07000000</valUSD>
        <pctVal>0.432291641674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKT Trust and HKT Ltd.</name>
        <lei>N/A</lei>
        <title>HKT Trust and HKT Ltd.</title>
        <cusip>Y3R29Z107</cusip>
        <identifiers>
          <isin value="HK0000093390"/>
        </identifiers>
        <balance>1473644.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>2390091.52000000</valUSD>
        <pctVal>0.641019995919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Utilities Group PLC</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group PLC</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
        </identifiers>
        <balance>97436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1929672.53000000</valUSD>
        <pctVal>0.517536113975</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>Carlsberg AS</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>Carlsberg AS, Class B</title>
        <cusip>K36628137</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
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        <balance>11486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.37010000"/>
        <valUSD>1555494.76000000</valUSD>
        <pctVal>0.417182035233</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>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
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        <balance>100494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1796390.40000000</valUSD>
        <pctVal>0.481789988894</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="1555129.66000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Holmen AB</name>
        <lei>52990080SH3454F0QE68</lei>
        <title>Holmen AB, Class B</title>
        <cusip>W4R00P201</cusip>
        <identifiers>
          <isin value="SE0011090018"/>
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        <balance>42396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1459631.87000000</valUSD>
        <pctVal>0.391471710401</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="627046.86000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>Mapletree Industrial Trust</title>
        <cusip>Y5759S103</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
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        <balance>1481825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>2298247.69000000</valUSD>
        <pctVal>0.616387578692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1710999.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Tobacco Inc.</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>Japan Tobacco Inc.</title>
        <cusip>J27869106</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
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        <balance>45440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1691234.79000000</valUSD>
        <pctVal>0.453587366472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Integrated Commercial Trust</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Integrated Commercial Trust</title>
        <cusip>Y0259J109</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
        </identifiers>
        <balance>1248867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>2324665.58000000</valUSD>
        <pctVal>0.623472828607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Securitas AB</name>
        <lei>635400TTYKE8EIWDS617</lei>
        <title>Securitas AB, Class B</title>
        <cusip>W7912C118</cusip>
        <identifiers>
          <isin value="SE0000163594"/>
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        <balance>96320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1613189.29000000</valUSD>
        <pctVal>0.432655646631</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="1595741.39000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Investment Ltd.</name>
        <lei>254900AT4UQDU7SNXX49</lei>
        <title>CapitaLand Investment Ltd.</title>
        <cusip>Y1091P105</cusip>
        <identifiers>
          <isin value="SGXE62145532"/>
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        <balance>804985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>1764389.58000000</valUSD>
        <pctVal>0.473207403108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nippon Prologis Reit, Inc.</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>Nippon Prologis Reit, Inc.</title>
        <cusip>J5528H104</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
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        <balance>3285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1879475.70000000</valUSD>
        <pctVal>0.504073377719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Poste Italiane S.p.A.</name>
        <lei>815600354DEDBD0BA991</lei>
        <title>Poste Italiane S.p.A.</title>
        <cusip>T7S697106</cusip>
        <identifiers>
          <isin value="IT0003796171"/>
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        <balance>77269.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2049977.44000000</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>
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      <invstOrSec>
        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada</title>
        <cusip>633067103</cusip>
        <identifiers>
          <isin value="CA6330671034"/>
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        <balance>14495.00000000</balance>
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        <valUSD>2183568.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>L E Lundbergforetagen AB</name>
        <lei>529900BPSFZS6O3A9R04</lei>
        <title>L E Lundbergforetagen AB, Class B</title>
        <cusip>W54114108</cusip>
        <identifiers>
          <isin value="SE0000108847"/>
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        <balance>31137.00000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1675104.97000000"/>
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      <invstOrSec>
        <name>Metro Inc.</name>
        <lei>549300KQ7DCG4IXSNW78</lei>
        <title>Metro Inc.</title>
        <cusip>59162N109</cusip>
        <identifiers>
          <isin value="CA59162N1096"/>
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        <balance>26332.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Daiwa House REIT Investment Corp.</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>Daiwa House REIT Investment Corp.</title>
        <cusip>J1236F118</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
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        <balance>3051.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hydro One Ltd.</name>
        <lei>5493007QZDXTP1W2VL44</lei>
        <title>Hydro One Ltd.</title>
        <cusip>448811208</cusip>
        <identifiers>
          <isin value="CA4488112083"/>
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        <balance>56892.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Tele2 AB</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>Tele2 AB, Class B</title>
        <cusip>W95878166</cusip>
        <identifiers>
          <isin value="SE0005190238"/>
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        <balance>77215.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Nippon Building Fund Inc.</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>Nippon Building Fund Inc.</title>
        <cusip>J52088101</cusip>
        <identifiers>
          <isin value="JP3027670003"/>
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        <balance>2476.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Telenor ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>Telenor ASA</title>
        <cusip>R89923107</cusip>
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          <isin value="NO0010063308"/>
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        <balance>96597.00000000</balance>
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        <valUSD>1585772.99000000</valUSD>
        <pctVal>0.425302624218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bouygues</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>Bouygues</title>
        <cusip>F11487125</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
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        <balance>27470.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1623739.96000000</valUSD>
        <pctVal>0.435485325069</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>Alfa Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa Laval AB</title>
        <cusip>W04008152</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
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        <balance>28504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
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        <pctVal>0.459102687112</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="1590777.13000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Real Estate Investment Corp.</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>Japan Real Estate Investment Corp.</title>
        <cusip>J27523109</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
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        <balance>2949.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2254959.58000000</valUSD>
        <pctVal>0.604777753769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Severn Trent PLC</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>Severn Trent PLC</title>
        <cusip>G8056D159</cusip>
        <identifiers>
          <isin value="GB00B1FH8J72"/>
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        <balance>39700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1762352.42000000</valUSD>
        <pctVal>0.472661038970</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>Odakyu Electric Railway Co., Ltd.</name>
        <lei>353800LA6BC6E1MK6U35</lei>
        <title>Odakyu Electric Railway Co., Ltd.</title>
        <cusip>J59568139</cusip>
        <identifiers>
          <isin value="JP3196000008"/>
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        <balance>161960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vicinity Ltd.</name>
        <lei>N/A</lei>
        <title>Vicinity Ltd.</title>
        <cusip>Q9395F102</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
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        <balance>1068849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Marui Group Co., Ltd.</name>
        <lei>52990081ZYFHQZEEMU57</lei>
        <title>Marui Group Co., Ltd.</title>
        <cusip>J40089104</cusip>
        <identifiers>
          <isin value="JP3870400003"/>
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        <balance>80803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1545344.90000000</valUSD>
        <pctVal>0.414459853609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Singapore Airlines Ltd.</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>Singapore Airlines Ltd.</title>
        <cusip>Y7992P128</cusip>
        <identifiers>
          <isin value="SG1V61937297"/>
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        <balance>409192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>2025423.12000000</valUSD>
        <pctVal>0.543216320066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eni S.p.A.</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni S.p.A.</title>
        <cusip>T3643A145</cusip>
        <identifiers>
          <isin value="IT0003132476"/>
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        <balance>66417.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
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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>Tryg A/S</name>
        <lei>213800ZRS8AC4LSTCE39</lei>
        <title>Tryg A/S</title>
        <cusip>K9640A110</cusip>
        <identifiers>
          <isin value="DK0060636678"/>
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        <balance>84350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.37010000"/>
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        <pctVal>0.543337205372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pembina Pipeline Corp.</name>
        <lei>5493002W3L9YICM6FU21</lei>
        <title>Pembina Pipeline Corp.</title>
        <cusip>706327103</cusip>
        <identifiers>
          <isin value="CA7063271034"/>
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        <balance>35465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
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        <pctVal>0.441865565813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dexus</name>
        <lei>N/A</lei>
        <title>Dexus</title>
        <cusip>Q318A1104</cusip>
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          <isin value="AU000000DXS1"/>
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        <balance>397259.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Assicurazioni Generali S.p.A.</name>
        <lei>549300X5UKJVE386ZB61</lei>
        <title>Assicurazioni Generali S.p.A.</title>
        <cusip>T05040109</cusip>
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          <isin value="IT0000062072"/>
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        <balance>44152.00000000</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>DNB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DNB Bank ASA</title>
        <cusip>R1R15X100</cusip>
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          <isin value="NO0010161896"/>
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        <balance>52165.00000000</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>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="34924087.05950000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Aena S.M.E. S.A.</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>Aena S.M.E. S.A.</title>
        <cusip>E526LK101</cusip>
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          <isin value="ES0105046017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CapitaLand Ascendas REIT</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>CapitaLand Ascendas REIT</title>
        <cusip>Y0205X103</cusip>
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          <isin value="SG1M77906915"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nomura Real Estate Master Fund, Inc.</name>
        <lei>353800TNNZOQ1CPZE086</lei>
        <title>Nomura Real Estate Master Fund, Inc.</title>
        <cusip>J589D3119</cusip>
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          <isin value="JP3048110005"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ Group Holdings Ltd.</title>
        <cusip>Q0429F119</cusip>
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          <isin value="AU000000ANZ3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intact Financial Corp.</name>
        <lei>5493009LXGE7Y4U9OY43</lei>
        <title>Intact Financial Corp.</title>
        <cusip>45823T106</cusip>
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          <isin value="CA45823T1066"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc., Class B</title>
        <cusip>775109200</cusip>
        <identifiers>
          <isin value="CA7751092007"/>
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        <balance>40454.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
        <cusip>063671101</cusip>
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          <isin value="CA0636711016"/>
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        <balance>12908.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1961568.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Storebrand ASA</name>
        <lei>5967007LIEEXZX7NA051</lei>
        <title>Storebrand ASA</title>
        <cusip>R85746106</cusip>
        <identifiers>
          <isin value="NO0003053605"/>
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        <balance>98779.00000000</balance>
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        <valUSD>1901713.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tobu Railway Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Tobu Railway Co., Ltd.</title>
        <cusip>J84162148</cusip>
        <identifiers>
          <isin value="JP3597800006"/>
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        <balance>101696.00000000</balance>
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        <valUSD>1814355.14000000</valUSD>
        <pctVal>0.486608112997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Air Liquide S.A.</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>Air Liquide S.A.</title>
        <cusip>F01764103</cusip>
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          <isin value="FR0000120073"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hannover Rueck SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>Hannover Rueck SE</title>
        <cusip>D3015J135</cusip>
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          <isin value="DE0008402215"/>
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        <balance>5611.00000000</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>
      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>British American Tobacco PLC</title>
        <cusip>G1510J102</cusip>
        <identifiers>
          <isin value="GB0002875804"/>
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        <balance>28346.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
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        <balance>41607.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Danone</name>
        <lei>969500KMUQ2B6CBAF162</lei>
        <title>Danone</title>
        <cusip>F12033134</cusip>
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          <isin value="FR0000120644"/>
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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>Advance Residence Investment Corp.</name>
        <lei>N/A</lei>
        <title>Advance Residence Investment Corp.</title>
        <cusip>J00184101</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
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        <balance>2410.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tokyu Corp.</name>
        <lei>3538005PGNIBTZYXAE45</lei>
        <title>Tokyu Corp.</title>
        <cusip>J88720149</cusip>
        <identifiers>
          <isin value="JP3574200006"/>
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        <balance>156742.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hankyu Hanshin Holdings, Inc.</name>
        <lei>VJE9IY53UM0V2NHBN996</lei>
        <title>Hankyu Hanshin Holdings, Inc.</title>
        <cusip>J18439109</cusip>
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          <isin value="JP3774200004"/>
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        <balance>63396.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie</title>
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          <isin value="FR0010208488"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A.</title>
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          <isin value="FR0000045072"/>
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        <balance>80516.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Urban Investment Corp.</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>United Urban Investment Corp.</title>
        <cusip>J9427E105</cusip>
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          <isin value="JP3045540006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hong Kong and China Gas Co. Ltd. (The)</name>
        <lei>254900P7BETXGC7YU827</lei>
        <title>Hong Kong and China Gas Co. Ltd. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oversea-Chinese Banking Corp. Ltd.</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>Oversea-Chinese Banking Corp. Ltd.</title>
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          <isin value="SG1S04926220"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elisa Corp.</name>
        <lei>743700TU2S3DXWGU7H32</lei>
        <title>Elisa Corp.</title>
        <cusip>X1949T102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Loblaw Cos. Ltd.</name>
        <lei>5493008LN3O1DIDTSH67</lei>
        <title>Loblaw Cos. Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Singapore Telecommunications Ltd.</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>Singapore Telecommunications Ltd.</title>
        <cusip>Y79985209</cusip>
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        <balance>412763.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jardine Cycle &amp; Carriage Ltd.</name>
        <lei>254900WEP6OCEXFWML09</lei>
        <title>Jardine Cycle &amp; Carriage Ltd.</title>
        <cusip>Y43703100</cusip>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Contact Energy Ltd.</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>Contact Energy Ltd.</title>
        <cusip>Q2818G104</cusip>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Terna S.p.A.</name>
        <lei>8156009E94ED54DE7C31</lei>
        <title>Terna S.p.A.</title>
        <cusip>T9471R100</cusip>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
        <cusip>891160509</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Wesfarmers Ltd.</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>Wesfarmers Ltd.</title>
        <cusip>Q95870103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kirin Holdings Co., Ltd.</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>Kirin Holdings Co., Ltd.</title>
        <cusip>497350108</cusip>
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          <isin value="JP3258000003"/>
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        <balance>100069.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Secom Co., Ltd.</name>
        <lei>529900TYCL9N3E9PGE47</lei>
        <title>Secom Co., Ltd.</title>
        <cusip>J69972107</cusip>
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        <balance>46548.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zurich Insurance Group Ltd.</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group Ltd.</title>
        <cusip>H9870Y105</cusip>
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          <isin value="CH0011075394"/>
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        <balance>2656.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>EMS-Chemie Holding AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASX Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GPT Group (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Orica Ltd.</name>
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        <title>Orica Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Ackermans &amp; van Haaren N.V.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cleanaway Waste Management Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dollarama Inc.</name>
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        <title>Dollarama Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Auckland International Airport Ltd.</name>
        <lei>549300HFZIZDJWB7AK60</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Sino Land Co. Ltd.</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co. Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi HC Capital Inc.</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>Mitsubishi HC Capital Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nisshin Seifun Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Atlas Arteria Ltd.</name>
        <lei>254900SGF4ZQDBH2YC59</lei>
        <title>Atlas Arteria Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MTR Corp. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Coca-Cola Europacific Partners PLC</name>
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        <title>Coca-Cola Europacific Partners PLC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iberdrola, S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Swisscom AG</name>
        <lei>5493005SL9HHOXS3B739</lei>
        <title>Swisscom AG</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Axfood AB</name>
        <lei>549300QIXCZWZLHE8L05</lei>
        <title>Axfood AB</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Industrivarden AB</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>Industrivarden AB, Class C</title>
        <cusip>W45430126</cusip>
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        <name>Heineken N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oji Holdings Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veolia Environnement S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iida Group Holdings Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mirvac Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ANA Holdings Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Genting Singapore Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TC Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TotalEnergies SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gjensidige Forsikring ASA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Keio Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NN Group N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sekisui House, Ltd.</name>
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        <name>National Australia Bank Ltd.</name>
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        <name>Endeavour Group Ltd.</name>
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        <name>Scentre Group Ltd.</name>
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        <name>Power Assets Holdings Ltd.</name>
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        <name>Sundrug Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB, Class B</title>
        <cusip>W3R06F100</cusip>
        <identifiers>
          <isin value="SE0009922164"/>
        </identifiers>
        <balance>63639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1685842.40000000</valUSD>
        <pctVal>0.452141133226</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>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd.</title>
        <cusip>Y20246107</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
        </identifiers>
        <balance>39267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>1809561.27000000</valUSD>
        <pctVal>0.485322402177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aviva PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>Aviva PLC</title>
        <cusip>G0683Q158</cusip>
        <identifiers>
          <isin value="GB00BPQY8M80"/>
        </identifiers>
        <balance>195540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1656111.53000000</valUSD>
        <pctVal>0.444167345609</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>Emera Inc.</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
        <title>Emera Inc.</title>
        <cusip>290876101</cusip>
        <identifiers>
          <isin value="CA2908761018"/>
        </identifiers>
        <balance>46704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2486693.76000000</valUSD>
        <pctVal>0.666928613632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2433998.53000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Life Financial Inc.</name>
        <lei>549300V040JZX5S66Z78</lei>
        <title>Sun Life Financial Inc.</title>
        <cusip>866796105</cusip>
        <identifiers>
          <isin value="CA8667961053"/>
        </identifiers>
        <balance>26660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1916989.35000000</valUSD>
        <pctVal>0.514134498629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB, Class A</title>
        <cusip>W94232100</cusip>
        <identifiers>
          <isin value="SE0000242455"/>
        </identifiers>
        <balance>43125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1521279.98000000</valUSD>
        <pctVal>0.408005667737</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>Enel S.p.A.</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel S.p.A.</title>
        <cusip>T3679P115</cusip>
        <identifiers>
          <isin value="IT0003128367"/>
        </identifiers>
        <balance>160947.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1878208.77000000</valUSD>
        <pctVal>0.503733588444</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>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE</title>
        <cusip>D24914133</cusip>
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          <isin value="DE000ENAG999"/>
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        <balance>77507.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1720133.92000000</valUSD>
        <pctVal>0.461338082308</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>Daiwa House Industry Co., Ltd.</name>
        <lei>353800K9WXR9XRZJZI46</lei>
        <title>Daiwa House Industry Co., Ltd.</title>
        <cusip>J11508124</cusip>
        <identifiers>
          <isin value="JP3505000004"/>
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        <balance>54145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1650434.77000000</valUSD>
        <pctVal>0.442644844633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALSOK Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ALSOK Co., Ltd.</title>
        <cusip>J7607Z104</cusip>
        <identifiers>
          <isin value="JP3431900004"/>
        </identifiers>
        <balance>203255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1535918.52000000</valUSD>
        <pctVal>0.411931708549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telia Co. AB</name>
        <lei>213800FSR9RNDUOTXO25</lei>
        <title>Telia Co. AB</title>
        <cusip>W95890104</cusip>
        <identifiers>
          <isin value="SE0000667925"/>
        </identifiers>
        <balance>345573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1803088.49000000</valUSD>
        <pctVal>0.483586409487</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="1692138.37000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medipal Holdings Corp.</name>
        <lei>353800PJDODZEA4NP730</lei>
        <title>Medipal Holdings Corp.</title>
        <cusip>J4189T101</cusip>
        <identifiers>
          <isin value="JP3268950007"/>
        </identifiers>
        <balance>91240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1628655.58000000</valUSD>
        <pctVal>0.436803689109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Pan Asia Commercial Trust</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>Mapletree Pan Asia Commercial Trust</title>
        <cusip>Y5759T101</cusip>
        <identifiers>
          <isin value="SG2D18969584"/>
        </identifiers>
        <balance>2141294.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>2174524.37000000</valUSD>
        <pctVal>0.583205116256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great-West Lifeco Inc.</name>
        <lei>549300X81X4VZEESFU46</lei>
        <title>Great-West Lifeco Inc.</title>
        <cusip>39138C106</cusip>
        <identifiers>
          <isin value="CA39138C1068"/>
        </identifiers>
        <balance>42582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2270664.58000000</valUSD>
        <pctVal>0.608989818015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
