<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0001616668</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      
      <seriesClassInfo>
        <seriesId>S000075917</seriesId>
        <classId>C000235290</classId>
      </seriesClassInfo>
      
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Pacer Funds Trust</regName>
      <regFileNumber>811-23024</regFileNumber>
      <regCik>0001616668</regCik>
      <regLei>549300L3D3N0PW0L9M73</regLei>
      <regStreet1>500 Chesterfield Parkway</regStreet1>
      <regCity>Malvern</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19355</regZipOrPostalCode>
      <regPhone>610-664-8100</regPhone>
      <seriesName>Pacer Industrials and Logistics ETF</seriesName>
      <seriesId>S000075917</seriesId>
      <seriesLei>5493007FUHAK57BILB80</seriesLei>
      <repPdEnd>2026-04-30</repPdEnd>
      <repPdDate>2026-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>2271068.210000000000</totAssets>
      <totLiabs>271388.770000000000</totLiabs>
      <netAssets>1999679.440000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>747.100000000000</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="4884.040000000000" lei="RUC0QBLBRPRCU4W1NE59" name="BMO CAPITAL MARKETS CORP"/>
        <borrower aggrVal="19635.480000000000" lei="U4ONQX15J3RO8XCKE979" name="RAYMOND JAMES &amp; ASSOCIATES, INC"/>
        <borrower aggrVal="232205.140000000000" lei="SUVUFHICNZMP2WKHG940" name="TD SECURITIES (USA), LLC"/>
        <borrower aggrVal="1926.560000000000" lei="ZBUT11V806EZRVTWT807" name="J.P. MORGAN SECURITIES, LLC"/>
        <borrower aggrVal="9019.290000000000" lei="M3LKFDNSJGJ7TMLH6Z15" name="BMO NESBITT BURNS, INC"/>
      </borrowers>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000235290" rtn1="8.340000000000" rtn2="-9.440000000000" rtn3="11.530000000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="404520.910000000000" netUnrealizedAppr="-117679.820000000000"/>
        <othMon2 netRealizedGain="-721.520000000000" netUnrealizedAppr="-191899.910000000000"/>
        <othMon3 netRealizedGain="4485.850000000000" netUnrealizedAppr="202237.890000000000"/>
      </returnInfo>
      <mon1Flow redemption="2622912.000000000000" reinvestment=".000000000000" sales="653016.000000000000"/>
      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon3Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      
      
      <varInfo>
        
        <fundsDesignatedInfo>
          <nameDesignatedIndex>N/A</nameDesignatedIndex>
          <indexIdentifier>N/A</indexIdentifier>
          
        </fundsDesignatedInfo>
        
      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>AP Moller - Maersk A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller - Maersk A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010244508"/>
          <ticker value="MAERSKB"/>
        </identifiers>
        <balance>6.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.370100000000"/>
        <valUSD>14208.570000000000</valUSD>
        <pctVal>0.7105423857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABB Ltd</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012221716"/>
          <ticker value="ABBN"/>
        </identifiers>
        <balance>2186.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".782050000000"/>
        <valUSD>219256.880000000000</valUSD>
        <pctVal>10.9646014063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADNOC Logistics &amp; Services</name>
        <lei>254900CIXQYSEOFXAB16</lei>
        <title>ADNOC Logistics &amp; Services</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE01268A239"/>
          <ticker value="ADNOCLS"/>
        </identifiers>
        <balance>7121.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.672900000000"/>
        <valUSD>11380.730000000000</valUSD>
        <pctVal>0.5691277198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ArcBest Corp</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>ArcBest Corp</title>
        <cusip>03937C105</cusip>
        <identifiers>
          <isin value="US03937C1053"/>
          <ticker value="ARCB"/>
        </identifiers>
        <balance>21.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2678.970000000000</valUSD>
        <pctVal>0.1339699727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CH Robinson Worldwide Inc</name>
        <lei>529900WNWN5L0OVDHA79</lei>
        <title>CH Robinson Worldwide Inc</title>
        <cusip>12541W209</cusip>
        <identifiers>
          <isin value="US12541W2098"/>
          <ticker value="CHRW"/>
        </identifiers>
        <balance>114.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20726.340000000000</valUSD>
        <pctVal>1.0364831275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="19635.480000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian National Railway Co</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>Canadian National Railway Co</title>
        <cusip>136375102</cusip>
        <identifiers>
          <isin value="CA1363751027"/>
          <ticker value="CNR"/>
        </identifiers>
        <balance>592.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>66359.150000000000</valUSD>
        <pctVal>3.3184893875</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>CHINA MER PORT</name>
        <lei>529900GA4UH90FUOR048</lei>
        <title>China Merchants Port Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0144000764"/>
          <ticker value="144"/>
        </identifiers>
        <balance>4041.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>7995.600000000000</valUSD>
        <pctVal>0.3998440870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CJ Logistics Corp</name>
        <lei>988400MIXJ2YDYLYR916</lei>
        <title>CJ Logistics Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000120006"/>
          <ticker value="000120"/>
        </identifiers>
        <balance>21.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000000000"/>
        <valUSD>1431.430000000000</valUSD>
        <pctVal>0.0715829733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brambles Ltd</name>
        <lei>N/A</lei>
        <title>Brambles Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BXB1"/>
          <ticker value="BXB"/>
        </identifiers>
        <balance>1307.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.390920000000"/>
        <valUSD>21264.640000000000</valUSD>
        <pctVal>1.0634024421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Pacific Kansas City L</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Kansas City Ltd</title>
        <cusip>13646K108</cusip>
        <identifiers>
          <isin value="CA13646K1084"/>
          <ticker value="CP"/>
        </identifiers>
        <balance>867.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>75253.380000000000</valUSD>
        <pctVal>3.7632721773</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>AutoStore Holdings Ltd</name>
        <lei>549300KYN3M0LSM5A413</lei>
        <title>AutoStore Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0670A1099"/>
          <ticker value="AUTO"/>
        </identifiers>
        <balance>3197.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.302600000000"/>
        <valUSD>4072.460000000000</valUSD>
        <pctVal>0.2036556419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATS Corp</name>
        <lei>5493005KP4RP3IU7HQ41</lei>
        <title>ATS Corp</title>
        <cusip>00217Y104</cusip>
        <identifiers>
          <isin value="CA00217Y1043"/>
          <ticker value="ATS"/>
        </identifiers>
        <balance>91.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>2946.420000000000</valUSD>
        <pctVal>0.1473446164</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>Celestica Inc</name>
        <lei>549300J3CG5T6RZWLN53</lei>
        <title>Celestica Inc</title>
        <cusip>15101Q207</cusip>
        <identifiers>
          <isin value="CA15101Q2071"/>
          <ticker value="CLS"/>
        </identifiers>
        <balance>111.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>45479.740000000000</valUSD>
        <pctVal>2.2743515331</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>Yamato Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Yamato Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3940000007"/>
          <ticker value="9064"/>
        </identifiers>
        <balance>336.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>3783.360000000000</valUSD>
        <pctVal>0.1891983247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yaskawa Electric Corp</name>
        <lei>3538003K39GR98R0CK58</lei>
        <title>Yaskawa Electric Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3932000007"/>
          <ticker value="6506"/>
        </identifiers>
        <balance>257.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>9052.930000000000</valUSD>
        <pctVal>0.4527190618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Bank Money Market Deposit Account</name>
        <lei>N/A</lei>
        <title>U.S. Bank Money Market Deposit Account</title>
        <cusip>8AMMF0A84</cusip>
        <identifiers>
          <ticker value="USBFS03"/>
        </identifiers>
        <balance>1361.560000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1361.560000000000</valUSD>
        <pctVal>0.0680889133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Union Pacific Corp</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp</title>
        <cusip>907818108</cusip>
        <identifiers>
          <isin value="US9078181081"/>
          <ticker value="UNP"/>
        </identifiers>
        <balance>762.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205343.760000000000</valUSD>
        <pctVal>10.2688338887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="194834.040000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Parcel Service Inc</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>United Parcel Service Inc</title>
        <cusip>911312106</cusip>
        <identifiers>
          <isin value="US9113121068"/>
          <ticker value="UPS"/>
        </identifiers>
        <balance>1071.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116524.800000000000</valUSD>
        <pctVal>5.8271739794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Werner Enterprises Inc</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises Inc</title>
        <cusip>950755108</cusip>
        <identifiers>
          <isin value="US9507551086"/>
          <ticker value="WERN"/>
        </identifiers>
        <balance>56.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2064.720000000000</valUSD>
        <pctVal>0.1032525493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open Text Corp</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corp</title>
        <cusip>683715106</cusip>
        <identifiers>
          <isin value="CA6837151068"/>
          <ticker value="OTEX"/>
        </identifiers>
        <balance>243.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>5497.000000000000</valUSD>
        <pctVal>0.2748940600</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>HMM Co Ltd</name>
        <lei>988400M8Q35QDZ4XXW80</lei>
        <title>HMM Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011200003"/>
          <ticker value="011200"/>
        </identifiers>
        <balance>908.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000000000"/>
        <valUSD>12549.890000000000</valUSD>
        <pctVal>0.6275950909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norfolk Southern Corp</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp</title>
        <cusip>655844108</cusip>
        <identifiers>
          <isin value="US6558441084"/>
          <ticker value="NSC"/>
        </identifiers>
        <balance>236.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74535.880000000000</valUSD>
        <pctVal>3.7273914263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nikkon Holdings Co Ltd</name>
        <lei>3538005QJ1M73DPIMH49</lei>
        <title>Nikkon Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3709600005"/>
          <ticker value="9072"/>
        </identifiers>
        <balance>118.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>3827.540000000000</valUSD>
        <pctVal>0.1914076788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Yusen KK</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>Nippon Yusen KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
          <ticker value="9101"/>
        </identifiers>
        <balance>418.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>15121.670000000000</valUSD>
        <pctVal>0.7562047045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OOIL</name>
        <lei>529900DQ426GJO276W95</lei>
        <title>Orient Overseas International Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG677491539"/>
          <ticker value="316"/>
        </identifiers>
        <balance>636.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>11082.050000000000</valUSD>
        <pctVal>0.5541913258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old Dominion Freight Line Inc</name>
        <lei>5299009TWK32WE417T96</lei>
        <title>Old Dominion Freight Line Inc</title>
        <cusip>679580100</cusip>
        <identifiers>
          <isin value="US6795801009"/>
          <ticker value="ODFL"/>
        </identifiers>
        <balance>201.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42698.430000000000</valUSD>
        <pctVal>2.1352637401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RXO Inc</name>
        <lei>549300KL8CA6GP8XPM30</lei>
        <title>RXO Inc</title>
        <cusip>74982T103</cusip>
        <identifiers>
          <isin value="US74982T1034"/>
          <ticker value="RXO"/>
        </identifiers>
        <balance>153.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3055.410000000000</valUSD>
        <pctVal>0.1527949900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryder System Inc</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System Inc</title>
        <cusip>783549108</cusip>
        <identifiers>
          <isin value="US7835491082"/>
          <ticker value="R"/>
        </identifiers>
        <balance>39.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9897.030000000000</valUSD>
        <pctVal>0.4949308275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saia Inc</name>
        <lei>549300WNPG4N9GBOYB29</lei>
        <title>Saia Inc</title>
        <cusip>78709Y105</cusip>
        <identifiers>
          <isin value="US78709Y1055"/>
          <ticker value="SAIA"/>
        </identifiers>
        <balance>26.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11669.320000000000</valUSD>
        <pctVal>0.5835595329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mount Vernon Liquid Assets Portfolio, LLC</name>
        <lei>N/A</lei>
        <title>Mount Vernon Liquid Assets Portfolio, LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="990VR1110"/>
        </identifiers>
        <balance>269392.750000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269392.750000000000</valUSD>
        <pctVal>13.4717967596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="269392.750000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pacific Basin Shipping Ltd</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>Pacific Basin Shipping Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG684371393"/>
          <ticker value="2343"/>
        </identifiers>
        <balance>4818.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>1882.000000000000</valUSD>
        <pctVal>0.0941150848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Glovis Co Ltd</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>Hyundai Glovis Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <ticker value="086280"/>
        </identifiers>
        <balance>72.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000000000"/>
        <valUSD>11019.420000000000</valUSD>
        <pctVal>0.5510593238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qube Holdings Ltd</name>
        <lei>391200RT2MUFEO3RFW25</lei>
        <title>Qube Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000QUB5"/>
          <ticker value="QUB"/>
        </identifiers>
        <balance>1704.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.390920000000"/>
        <valUSD>6174.450000000000</valUSD>
        <pctVal>0.3087719900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pan Ocean Co Ltd</name>
        <lei>988400HGOJIHDWPIAT45</lei>
        <title>Pan Ocean Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028670008"/>
          <ticker value="028670"/>
        </identifiers>
        <balance>499.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000000000"/>
        <valUSD>1863.850000000000</valUSD>
        <pctVal>0.0932074393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XPO Inc</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO Inc</title>
        <cusip>983793100</cusip>
        <identifiers>
          <isin value="US9837931008"/>
          <ticker value="XPO"/>
        </identifiers>
        <balance>113.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24874.690000000000</valUSD>
        <pctVal>1.2439338777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wallenius Wilhelmsen ASA</name>
        <lei>549300NBN0URT3RA3Y54</lei>
        <title>Wallenius Wilhelmsen ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010571680"/>
          <ticker value="WAWI"/>
        </identifiers>
        <balance>407.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.302600000000"/>
        <valUSD>5188.890000000000</valUSD>
        <pctVal>0.2594860904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westshore Terminals Investment</name>
        <lei>549300IERWRM7D8GK487</lei>
        <title>Westshore Terminals Investment Corp</title>
        <cusip>96145A200</cusip>
        <identifiers>
          <isin value="CA96145A2002"/>
          <ticker value="WTE"/>
        </identifiers>
        <balance>58.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>1514.030000000000</valUSD>
        <pctVal>0.0757136354</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>Transcoal Pacific Tbk PT</name>
        <lei>N/A</lei>
        <title>Transcoal Pacific Tbk PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000144009"/>
          <ticker value="TCPI"/>
        </identifiers>
        <balance>4663.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17310.000000000000"/>
        <valUSD>3097.890000000000</valUSD>
        <pctVal>0.1549193305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoegh Autoliners ASA</name>
        <lei>549300D7GNMPKTA4HD46</lei>
        <title>Hoegh Autoliners ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0011082075"/>
          <ticker value="HAUTO"/>
        </identifiers>
        <balance>178.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.302600000000"/>
        <valUSD>2535.310000000000</valUSD>
        <pctVal>0.1267858212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hiab Oyj</name>
        <lei>5493002B0GOVF42KWX33</lei>
        <title>Hiab Oyj</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000571013"/>
          <ticker value="HIAB"/>
        </identifiers>
        <balance>51.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>3030.160000000000</valUSD>
        <pctVal>0.1515322876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rumo SA</name>
        <lei>254900TXQFP7CJCGYM66</lei>
        <title>Rumo SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
          <ticker value="RAIL3"/>
        </identifiers>
        <balance>1789.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.982400000000"/>
        <valUSD>5683.980000000000</valUSD>
        <pctVal>0.2842445587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navios Maritime Partners LP</name>
        <lei>213800185NOIXCLYX335</lei>
        <title>Navios Maritime Partners LP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MHY622674098"/>
          <ticker value="NMM"/>
        </identifiers>
        <balance>27.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1946.970000000000</valUSD>
        <pctVal>0.0973641055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTO Express Cayman Inc</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9897K1058"/>
          <ticker value="2057"/>
        </identifiers>
        <balance>567.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>14150.120000000000</valUSD>
        <pctVal>0.7076194172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TS Lines Ltd</name>
        <lei>8368006B8C0EXQ2JDM96</lei>
        <title>TS Lines Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0001078598"/>
          <ticker value="2510"/>
        </identifiers>
        <balance>1553.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>1601.820000000000</valUSD>
        <pctVal>0.0801038390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIM Integrated Shipping Servic</name>
        <lei>21380089EIJRELKAIL21</lei>
        <title>ZIM Integrated Shipping Services Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0065100930"/>
          <ticker value="ZIM"/>
        </identifiers>
        <balance>112.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2961.280000000000</valUSD>
        <pctVal>0.1480877355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
        </identifiers>
        <balance>976.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>166582.210000000000</valUSD>
        <pctVal>8.3304457038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sankyu Inc</name>
        <lei>529900QWTXZZEM1T5G75</lei>
        <title>Sankyu Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3326000001"/>
          <ticker value="9065"/>
        </identifiers>
        <balance>52.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>2803.990000000000</valUSD>
        <pctVal>0.1402219748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seino Holdings Co Ltd</name>
        <lei>3538001D12EPCPYTTF24</lei>
        <title>Seino Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3415400005"/>
          <ticker value="9076"/>
        </identifiers>
        <balance>175.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>2678.520000000000</valUSD>
        <pctVal>0.1339474691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Senko Group Holdings Co Ltd</name>
        <lei>35380077MB9W0NB6BA14</lei>
        <title>Senko Group Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423800006"/>
          <ticker value="9069"/>
        </identifiers>
        <balance>164.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>1931.410000000000</valUSD>
        <pctVal>0.0965859808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp</title>
        <cusip>801056102</cusip>
        <identifiers>
          <isin value="US8010561020"/>
          <ticker value="SANM"/>
        </identifiers>
        <balance>53.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11544.460000000000</valUSD>
        <pctVal>0.5773155321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10891.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schneider National Inc</name>
        <lei>529900V6GZ6G6E3BLV72</lei>
        <title>Schneider National Inc</title>
        <cusip>80689H102</cusip>
        <identifiers>
          <isin value="US80689H1023"/>
          <ticker value="SNDR"/>
        </identifiers>
        <balance>86.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2673.740000000000</valUSD>
        <pctVal>0.1337084308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2518.290000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SITC International Holdings Co</name>
        <lei>529900JUV4MOM9CE3V12</lei>
        <title>SITC International Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8187G1055"/>
          <ticker value="1308"/>
        </identifiers>
        <balance>2599.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>10842.230000000000</valUSD>
        <pctVal>0.5421984036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SG Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>SG Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162770006"/>
          <ticker value="9143"/>
        </identifiers>
        <balance>616.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>5747.050000000000</valUSD>
        <pctVal>0.2873985642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SFL Corp Ltd</name>
        <lei>549300RLYYPSB0C7RH77</lei>
        <title>SFL Corp Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG7738W1064"/>
          <ticker value="SFL"/>
        </identifiers>
        <balance>135.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1556.550000000000</valUSD>
        <pctVal>0.0778399762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Warehouse Co Ltd/The</name>
        <lei>N/A</lei>
        <title>Sumitomo Warehouse Co Ltd/The</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3407000003"/>
          <ticker value="9303"/>
        </identifiers>
        <balance>72.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>1739.060000000000</valUSD>
        <pctVal>0.0869669391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Symbotic Inc</name>
        <lei>529900UN9QT55OG9I235</lei>
        <title>Symbotic Inc</title>
        <cusip>87151X101</cusip>
        <identifiers>
          <isin value="US87151X1019"/>
          <ticker value="SYM"/>
        </identifiers>
        <balance>119.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7032.900000000000</valUSD>
        <pctVal>0.3517013707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6501.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TFI International Inc</name>
        <lei>5493007R9W7KO7SJN678</lei>
        <title>TFI International Inc</title>
        <cusip>87241L109</cusip>
        <identifiers>
          <isin value="CA87241L1094"/>
          <ticker value="TFII"/>
        </identifiers>
        <balance>79.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.361100000000"/>
        <valUSD>11280.910000000000</valUSD>
        <pctVal>0.5641359197</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>Star Bulk Carriers Corp</name>
        <lei>549300SO3FMK7H6DDY54</lei>
        <title>Star Bulk Carriers Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MHY8162K2046"/>
          <ticker value="SBLK"/>
        </identifiers>
        <balance>107.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2688.910000000000</valUSD>
        <pctVal>0.1344670524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clarkson PLC</name>
        <lei>2138007G6BGTEHI3OT22</lei>
        <title>Clarkson PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002018363"/>
          <ticker value="CKN"/>
        </identifiers>
        <balance>29.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".735920000000"/>
        <valUSD>1905.700000000000</valUSD>
        <pctVal>0.0953002747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSX Corp</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp</title>
        <cusip>126408103</cusip>
        <identifiers>
          <isin value="US1264081035"/>
          <ticker value="CSX"/>
        </identifiers>
        <balance>1792.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81410.560000000000</valUSD>
        <pctVal>4.0711805288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cognex Corp</name>
        <lei>549300JQTYZCLC43S226</lei>
        <title>Cognex Corp</title>
        <cusip>192422103</cusip>
        <identifiers>
          <isin value="US1924221039"/>
          <ticker value="CGNX"/>
        </identifiers>
        <balance>161.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8937.110000000000</valUSD>
        <pctVal>0.4469271335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8437.520000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Expeditors International of Wa</name>
        <lei>984500B055A804AB6E40</lei>
        <title>Expeditors International of Washington Inc</title>
        <cusip>302130109</cusip>
        <identifiers>
          <isin value="US3021301094"/>
          <ticker value="EXPD"/>
        </identifiers>
        <balance>129.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19077.810000000000</valUSD>
        <pctVal>0.9540434141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18042.580000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matson Inc</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
        <title>Matson Inc</title>
        <cusip>57686G105</cusip>
        <identifiers>
          <isin value="US57686G1058"/>
          <ticker value="MATX"/>
        </identifiers>
        <balance>30.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5232.900000000000</valUSD>
        <pctVal>0.2616869432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4884.040000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Logistics Corp</name>
        <lei>529900GJKGNRLQBJUH32</lei>
        <title>Mitsubishi Logistics Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902000003"/>
          <ticker value="9301"/>
        </identifiers>
        <balance>353.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>3148.060000000000</valUSD>
        <pctVal>0.1574282326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui OSK Lines Ltd</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>Mitsui OSK Lines Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <ticker value="9104"/>
        </identifiers>
        <balance>349.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>13217.930000000000</valUSD>
        <pctVal>0.6610024455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui-Soko Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Mitsui-Soko Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3891200002"/>
          <ticker value="9302"/>
        </identifiers>
        <balance>70.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>1756.420000000000</valUSD>
        <pctVal>0.0878350782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON EXPRESS HOLDINGS INC</name>
        <lei>353800J92032K44KQX35</lei>
        <title>NIPPON EXPRESS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3688370000"/>
          <ticker value="9147"/>
        </identifiers>
        <balance>234.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>6123.830000000000</valUSD>
        <pctVal>0.3062405842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FedEx Corp</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corp</title>
        <cusip>31428X106</cusip>
        <identifiers>
          <isin value="US31428X1063"/>
          <ticker value="FDX"/>
        </identifiers>
        <balance>341.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137528.710000000000</valUSD>
        <pctVal>6.8775378318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Full Truck Alliance Co Ltd</name>
        <lei>984500884LB1DP8DAC57</lei>
        <title>Full Truck Alliance Co Ltd</title>
        <cusip>35969L108</cusip>
        <identifiers>
          <isin value="US35969L1089"/>
          <ticker value="YMM"/>
        </identifiers>
        <balance>904.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7819.600000000000</valUSD>
        <pctVal>0.3910426763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GXO Logistics Inc</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO Logistics Inc</title>
        <cusip>36262G101</cusip>
        <identifiers>
          <isin value="US36262G1013"/>
          <ticker value="GXO"/>
        </identifiers>
        <balance>110.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6284.300000000000</valUSD>
        <pctVal>0.3142653705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JB Hunt Transport Services Inc</name>
        <lei>549300XCD1MPI1C5GK90</lei>
        <title>JB Hunt Transport Services Inc</title>
        <cusip>445658107</cusip>
        <identifiers>
          <isin value="US4456581077"/>
          <ticker value="JBHT"/>
        </identifiers>
        <balance>92.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23140.760000000000</valUSD>
        <pctVal>1.1572234798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Post AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>Deutsche Post AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DHL"/>
        </identifiers>
        <balance>1107.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>65421.660000000000</valUSD>
        <pctVal>3.2716073732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kirby Corp</name>
        <lei>I7NO6FZO5GUCG585T325</lei>
        <title>Kirby Corp</title>
        <cusip>497266106</cusip>
        <identifiers>
          <isin value="US4972661064"/>
          <ticker value="KEX"/>
        </identifiers>
        <balance>52.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7828.080000000000</valUSD>
        <pctVal>0.3914667443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Knight-Swift Transportation Ho</name>
        <lei>2549007VHKP3K6E1XF67</lei>
        <title>Knight-Swift Transportation Holdings Inc</title>
        <cusip>499049104</cusip>
        <identifiers>
          <isin value="US4990491049"/>
          <ticker value="KNX"/>
        </identifiers>
        <balance>156.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10124.400000000000</valUSD>
        <pctVal>0.5063011499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Landstar System Inc</name>
        <lei>254900CUQXQRL09MEI52</lei>
        <title>Landstar System Inc</title>
        <cusip>515098101</cusip>
        <identifiers>
          <isin value="US5150981018"/>
          <ticker value="LSTR"/>
        </identifiers>
        <balance>33.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6074.310000000000</valUSD>
        <pctVal>0.3037641873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interroll Holding AG</name>
        <lei>529900MU4QAEI94TB543</lei>
        <title>Interroll Holding AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0006372897"/>
          <ticker value="INRN"/>
        </identifiers>
        <balance>1.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".782050000000"/>
        <valUSD>2089.380000000000</valUSD>
        <pctVal>0.1044857470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marten Transport Ltd</name>
        <lei>N/A</lei>
        <title>Marten Transport Ltd</title>
        <cusip>573075108</cusip>
        <identifiers>
          <isin value="US5730751089"/>
          <ticker value="MRTN"/>
        </identifiers>
        <balance>76.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1146.080000000000</valUSD>
        <pctVal>0.0573131862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daifuku Co Ltd</name>
        <lei>3538006FG1W4X3MYHL36</lei>
        <title>Daifuku Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3497400006"/>
          <ticker value="6383"/>
        </identifiers>
        <balance>366.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>15835.360000000000</valUSD>
        <pctVal>0.7918949249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cybozu Inc</name>
        <lei>N/A</lei>
        <title>Cybozu Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3312100005"/>
          <ticker value="4776"/>
        </identifiers>
        <balance>49.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>649.770000000000</valUSD>
        <pctVal>0.0324937081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Ports Ltd</name>
        <lei>5299008QX6KA3JHWK507</lei>
        <title>COSCO SHIPPING Ports Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2442N1048"/>
          <ticker value="1199"/>
        </identifiers>
        <balance>3693.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>2564.530000000000</valUSD>
        <pctVal>0.1282470554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICTSI</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>International Container Terminal Services Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
          <ticker value="ICT"/>
        </identifiers>
        <balance>1943.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.475000000000"/>
        <valUSD>22440.500000000000</valUSD>
        <pctVal>1.1222048670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kamigumi Co Ltd</name>
        <lei>3538004KUWA3850MUC05</lei>
        <title>Kamigumi Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <ticker value="9364"/>
        </identifiers>
        <balance>99.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>3281.990000000000</valUSD>
        <pctVal>0.1641258061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kawasaki Kisen Kaisha Ltd</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>Kawasaki Kisen Kaisha Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3223800008"/>
          <ticker value="9107"/>
        </identifiers>
        <balance>615.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>10056.710000000000</valUSD>
        <pctVal>0.5029161074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mainfreight Ltd</name>
        <lei>5493007BE0VNXX7RYQ88</lei>
        <title>Mainfreight Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZMFTE0001S9"/>
          <ticker value="MFT"/>
        </identifiers>
        <balance>94.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.698510000000"/>
        <valUSD>3265.210000000000</valUSD>
        <pctVal>0.1632866716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kardex Holding AG</name>
        <lei>529900JKKMQ07D6QZ480</lei>
        <title>Kardex Holding AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0100837282"/>
          <ticker value="KARN"/>
        </identifiers>
        <balance>7.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".782050000000"/>
        <valUSD>2497.280000000000</valUSD>
        <pctVal>0.1248840164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co Ltd</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
          <ticker value="1919"/>
        </identifiers>
        <balance>2772.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>5095.490000000000</valUSD>
        <pctVal>0.2548153418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kuehne + Nagel International A</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>Kuehne + Nagel International AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
          <ticker value="KNIN"/>
        </identifiers>
        <balance>116.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".782050000000"/>
        <valUSD>27099.550000000000</valUSD>
        <pctVal>1.3551947106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSV"/>
        </identifiers>
        <balance>231.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.370100000000"/>
        <valUSD>56516.150000000000</valUSD>
        <pctVal>2.8262604930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ID Logistics Group SACA</name>
        <lei>969500U1DQN70VMJ9P45</lei>
        <title>ID Logistics Group SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010929125"/>
          <ticker value="IDL"/>
        </identifiers>
        <balance>6.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>2540.820000000000</valUSD>
        <pctVal>0.1270613654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Konoike Transport Co Ltd</name>
        <lei>3538004PLQ2IF2DMNC61</lei>
        <title>Konoike Transport Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3288970001"/>
          <ticker value="9025"/>
        </identifiers>
        <balance>53.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.705000000000"/>
        <valUSD>957.830000000000</valUSD>
        <pctVal>0.0478991773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KION Group AG</name>
        <lei>5299005KY91C4C6U9H17</lei>
        <title>KION Group AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KGX8881"/>
          <ticker value="KGX"/>
        </identifiers>
        <balance>124.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>6443.790000000000</valUSD>
        <pctVal>0.3222411488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTT-Correios de Portugal SA</name>
        <lei>529900G4A1IKOKC22K56</lei>
        <title>CTT-Correios de Portugal SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTCTT0AM0001"/>
          <ticker value="CTT"/>
        </identifiers>
        <balance>125.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>939.900000000000</valUSD>
        <pctVal>0.0470025336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD Logistics Inc</name>
        <lei>655600LWTFVMV3E2A890</lei>
        <title>JD Logistics Inc</title>
        <cusip>G5074S101</cusip>
        <identifiers>
          <isin value="KYG5074S1012"/>
          <ticker value="2618"/>
        </identifiers>
        <balance>6407.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>12349.860000000000</valUSD>
        <pctVal>0.6175919876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Logista Integral SA</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>Logista Integral SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
          <ticker value="LOG"/>
        </identifiers>
        <balance>128.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>4997.000000000000</valUSD>
        <pctVal>0.2498900524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>J&amp;T Global Express Ltd</name>
        <lei>2549009MQXHGQY558V11</lei>
        <title>J&amp;T Global Express Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4990A1040"/>
          <ticker value="1519"/>
        </identifiers>
        <balance>7706.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.833750000000"/>
        <valUSD>9640.190000000000</valUSD>
        <pctVal>0.4820867689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kalmar Oyj</name>
        <lei>636700Z25ZQXLMZ3CY73</lei>
        <title>Kalmar Oyj</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000571054"/>
          <ticker value="KALMAR"/>
        </identifiers>
        <balance>51.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>2729.240000000000</valUSD>
        <pctVal>0.1364838756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hapag-Lloyd AG</name>
        <lei>HD52L5PJVBXJUUX8I539</lei>
        <title>Hapag-Lloyd AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000HLAG475"/>
          <ticker value="HLAG"/>
        </identifiers>
        <balance>169.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".852480000000"/>
        <valUSD>21846.610000000000</valUSD>
        <pctVal>1.0925056068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Costamare Inc</name>
        <lei>5299003L6NPTZ25LN818</lei>
        <title>Costamare Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MHY1771G1026"/>
          <ticker value="CMRE"/>
        </identifiers>
        <balance>112.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1861.440000000000</valUSD>
        <pctVal>0.0930869200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MC</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Danaos Corp</name>
        <lei>734IM3DNDNT36T7YTD24</lei>
        <title>Danaos Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MHY1968P1218"/>
          <ticker value="DAC"/>
        </identifiers>
        <balance>17.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2046.970000000000</valUSD>
        <pctVal>0.1023649070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1926.560000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flex Ltd</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>Flex Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG9999000020"/>
          <ticker value="FLEX"/>
        </identifiers>
        <balance>356.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32591.800000000000</valUSD>
        <pctVal>1.6298512326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Pacer Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bruce Kavanaugh</ncom:signature>
      <ncom:signerName>Pacer Funds Trust</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
