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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASML HOLDING NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNICREDIT SPA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NOKIA OYJ (NOKIA CORP)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RTL GROUP SA</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRESENIUS SE &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QT GROUP OYJ</name>
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          <isin value="FI4000198031"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SALZGITTER AG - STAHL UND TECHNOLOGIE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZALANDO SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GRENERGY RENOVABLES SA</name>
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      <invstOrSec>
        <name>VOESTALPINE AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <ticker value="VOE"/>
          <other otherDesc="SEDOL" value="4943402"/>
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        <balance>943.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>53235.92000000</valUSD>
        <pctVal>0.073252436953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KERRY GROUP PLC</name>
        <lei>635400TLVVBNXLFHWC59</lei>
        <title>KERRY GROUP PLC 'A'ORD EUR0.125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0004906560"/>
          <ticker value="KYGA"/>
          <other otherDesc="SEDOL" value="4519579"/>
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        <balance>1384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>118570.20000000</valUSD>
        <pctVal>0.163152174322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EL. EN. - ELECTRONIC ENGINEERING SPA</name>
        <lei>81560012F663E89E7085</lei>
        <title>EL. EN. - ELECTRONIC ENGINEERING SPA NPV (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005453250"/>
          <ticker value="ELN"/>
          <other otherDesc="SEDOL" value="BMVFDR5"/>
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        <balance>337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>6269.58000000</valUSD>
        <pctVal>0.008626919825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CPI EUROPE AG</name>
        <lei>5299000DUMZ99SBBX121</lei>
        <title>CPI EUROPE AG NPV (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000A21KS2"/>
          <ticker value="CPI"/>
          <other otherDesc="SEDOL" value="BFZ5BQ7"/>
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        <balance>287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>5342.72000000</valUSD>
        <pctVal>0.007351563755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RAIFFEISEN BANK INTERNATIONAL AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RAIFFEISEN BANK INTERNATIONAL AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000606306"/>
          <ticker value="RBI"/>
          <other otherDesc="SEDOL" value="B0704T9"/>
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        <balance>1154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>66520.61000000</valUSD>
        <pctVal>0.091532123238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FERRETTI SPA</name>
        <lei>815600F40754716D2D91</lei>
        <title>FERRETTI SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005383291"/>
          <ticker value="YACHT"/>
          <other otherDesc="SEDOL" value="BK5MNS9"/>
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        <balance>1267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>4533.99000000</valUSD>
        <pctVal>0.006238754146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3868.38015906"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BIOMERIEUX SA</name>
        <lei>549300AK8Y0LBIQ4T071</lei>
        <title>BIOMERIEUX SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013280286"/>
          <ticker value="BIM"/>
          <other otherDesc="SEDOL" value="BF0LBX7"/>
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        <balance>363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>31480.04000000</valUSD>
        <pctVal>0.043316423298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCEDES-BENZ GROUP AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>MERCEDES-BENZ GROUP AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBG"/>
          <other otherDesc="SEDOL" value="5529027"/>
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        <balance>6252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>380586.99000000</valUSD>
        <pctVal>0.523686347306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLIGRO FOOD GROUP NV</name>
        <lei>724500YLB8OA6WK5CH48</lei>
        <title>SLIGRO FOOD GROUP NV EUR0.06</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000817179"/>
          <ticker value="SLIGR"/>
          <other otherDesc="SEDOL" value="B1VV9V2"/>
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        <balance>183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>2762.06000000</valUSD>
        <pctVal>0.003800584755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIXT SE</name>
        <lei>5299004ZME6CSBR7WP07</lei>
        <title>SIXT SE NON VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007231334"/>
          <ticker value="SIX3"/>
          <other otherDesc="SEDOL" value="5271276"/>
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        <balance>184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>13628.22000000</valUSD>
        <pctVal>0.018752382345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VICAT SA</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>VICAT SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000031775"/>
          <ticker value="VCT"/>
          <other otherDesc="SEDOL" value="5763201"/>
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        <balance>153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>11296.47000000</valUSD>
        <pctVal>0.015543902622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCHAEFFLER AG</name>
        <lei>549300Q7E782X7GC1P43</lei>
        <title>SCHAEFFLER AG NPV (REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000SHA0100"/>
          <ticker value="SHA0"/>
          <other otherDesc="SEDOL" value="BV5F6V9"/>
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        <balance>1617.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>19916.89000000</valUSD>
        <pctVal>0.027405569942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONTINENTAL AG</name>
        <lei>529900A7YD9C0LLXM621</lei>
        <title>CONTINENTAL AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005439004"/>
          <ticker value="CON"/>
          <other otherDesc="SEDOL" value="4598589"/>
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        <balance>926.00000000</balance>
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        <valUSD>77074.99000000</valUSD>
        <pctVal>0.106054912654</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>
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      <invstOrSec>
        <name>AIRBUS SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>AIRBUS SE EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000235190"/>
          <ticker value="AIR"/>
          <other otherDesc="SEDOL" value="4012250"/>
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        <balance>5118.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEUTSCHE BOERSE AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>DEUTSCHE BOERSE AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DB1"/>
          <other otherDesc="SEDOL" value="7021963"/>
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        <balance>1558.00000000</balance>
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        <pctVal>0.619131763170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HBX GROUP INTERNATIONAL PLC</name>
        <lei>984500745985CA77CS69</lei>
        <title>HBX GROUP INTERNATIONAL PLC ORD EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BNXJB679"/>
          <ticker value="HBX"/>
          <other otherDesc="SEDOL" value="BNXJB67"/>
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        <balance>654.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TENARIS SA</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>TENARIS SA USD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2598331598"/>
          <ticker value="TEN"/>
          <other otherDesc="SEDOL" value="BMHVLR3"/>
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        <balance>2706.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AGEAS SA/NV</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>AGEAS SA/NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974264930"/>
          <ticker value="AGS"/>
          <other otherDesc="SEDOL" value="B86S2N0"/>
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        <balance>1311.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRIEDRICH VORWERK GROUP SE</name>
        <lei>529900NBM89YAM5ENI18</lei>
        <title>FRIEDRICH VORWERK GROUP SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A255F11"/>
          <ticker value="VH2"/>
          <other otherDesc="SEDOL" value="BNTJ0F3"/>
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        <balance>58.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UPM-KYMMENE CORP</name>
        <lei>213800EC6PW5VU4J9U64</lei>
        <title>UPM-KYMMENE CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI0009005987"/>
          <ticker value="UPM"/>
          <other otherDesc="SEDOL" value="5051252"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WOLTERS KLUWER NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>WOLTERS KLUWER NV EUR0.12</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
          <other otherDesc="SEDOL" value="5671519"/>
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        <balance>1928.00000000</balance>
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        <valUSD>137223.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KNORR BREMSE AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>KNORR BREMSE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF IRELAND GROUP PLC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALZCHEM GROUP AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FINANCIERE DE TUBIZE SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DE' LONGHI SPA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NAVIGATOR COMPANY SA (THE)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED INTERNET AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FILA FABBRICA ITALIANA LAPIS ED AFFINI SPA</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AMPLIFON SPA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>LU-VE SPA</name>
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        <title>LU-VE SPA NPV</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>KALMAR OYJ</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AEGON LTD</name>
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        <title>AEGON LTD EUR0.12</title>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>TAMBURI INVESTMENT PARTNERS SPA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CAIRN HOMES PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>THYSSENKRUPP NUCERA AG &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DEME GROUP NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REVENIO GROUP CORP</name>
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          <ticker value="REG1V"/>
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        <fairValLevel>1</fairValLevel>
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        <name>LANXESS AG</name>
        <lei>529900PTLRE72EMYIJ77</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>SECUNET SECURITY NETWORKS AG</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>VGP NV</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP NV NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>SBM OFFSHORE NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NORDEX SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BRENNTAG SE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMMERZBANK AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RETAIL ESTATES SA</name>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AIB GROUP PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AZIMUT HOLDING SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PERNOD RICARD SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GALP ENERGIA SGPS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KWS SAAT SE &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IRISH RESIDENTIAL PROPERTIES REAL ESTATE INVESTMENT TRUST PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CORBION NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EUTELSAT COMMUNICATIONS SA</name>
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        <name>PRYSMIAN SPA</name>
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        <name>SAFRAN SA</name>
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        <name>MFE-MEDIAFOREUROPE NV</name>
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        <name>AUMOVIO SE</name>
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        <name>PHARMING GROUP NV</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STMICROELECTRONICS NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BECHTLE AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RHEINMETALL AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OMV AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOMTOM NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BENETEAU SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CARL ZEISS MEDITEC AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVONIK INDUSTRIES AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AUBAY SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALTEN SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WUESTENROT &amp; WUERTTEMBERGISCHE AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NOKIAN TYRES PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GECINA SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SARTORIUS STEDIM BIOTECH SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KBC GROUP SA/NV</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>TOKMANNI GROUP CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DUERR AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SAP SE</name>
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        <fairValLevel>1</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LISI SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000050353"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RATIONAL AG</name>
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        <cusip>000000000</cusip>
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          <isin value="DE0007010803"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEUGEOT INVEST SA</name>
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          <isin value="FR0000064784"/>
          <ticker value="PEUG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DBV TECHNOLOGIES SA</name>
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          <isin value="FR0010417345"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EDP RENEWABLES SA</name>
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          <isin value="ES0127797019"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLARIANE SE</name>
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          <isin value="FR0010386334"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLENVEAGH PROPERTIES PLC</name>
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          <isin value="IE00BD6JX574"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HERA - HOLDING ENERGIA RISORSE AMBIENTE SPA</name>
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        <cusip>000000000</cusip>
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          <isin value="IT0001250932"/>
          <ticker value="HER"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RAI WAY SPA</name>
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          <isin value="IT0005054967"/>
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          <other otherDesc="SEDOL" value="BSM8WL2"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNICAJA BANCO SA</name>
        <lei>5493007SJLLCTM6J6M37</lei>
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        <cusip>000000000</cusip>
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          <isin value="ES0180907000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOLLORE SE</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SIEMENS ENERGY AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MFE-MEDIAFOREUROPE NV</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>WAVESTONE SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MTU AERO ENGINES AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COMPAGNIE DES ALPES SA</name>
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        <name>LINEA DIRECTA ASEGURADORA SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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          <isin value="FI0009800643"/>
          <ticker value="YIT"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FUGRO NV</name>
        <lei>7245000R8GNBSDTSZ396</lei>
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        <cusip>000000000</cusip>
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          <isin value="NL00150003E1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARGAN SA</name>
        <lei>529900FXM41XSCUSGH04</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0010481960"/>
          <ticker value="ARG"/>
          <other otherDesc="SEDOL" value="B1YKDN6"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0000120628"/>
          <ticker value="CS"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EDP SA</name>
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        <title>EDP SA EUR1(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="PTEDP0AM0009"/>
          <ticker value="EDP"/>
          <other otherDesc="SEDOL" value="4103596"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLANBIA PLC</name>
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        <cusip>000000000</cusip>
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          <isin value="IE0000669501"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LENZING AG</name>
        <lei>529900BKFJBI0QRDJH63</lei>
        <title>LENZING AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000644505"/>
          <ticker value="LNZ"/>
          <other otherDesc="SEDOL" value="4512330"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIGNIFY NV</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>SIGNIFY NV EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011821392"/>
          <ticker value="LIGHT"/>
          <other otherDesc="SEDOL" value="BYY7VY5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERPUMP GROUP SPA</name>
        <lei>815600C79D0F31F4D395</lei>
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          <isin value="IT0001078911"/>
          <ticker value="IP"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELMOS SEMICONDUCTOR SE</name>
        <lei>529900UMKKDCAP4P4H63</lei>
        <title>ELMOS SEMICONDUCTOR SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005677108"/>
          <ticker value="ELG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PROXIMUS SA</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS SA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003810273"/>
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          <other otherDesc="SEDOL" value="B00D9P6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTERPARFUMS SA</name>
        <lei>969500SARWF33OPQED48</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0004024222"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LAKEFRONT BIOTHERAPEUTICS NV</name>
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          <ticker value="GLPG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>K+S AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ALMIRALL SA</name>
        <lei>95980020140005007996</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>JUNGHEINRICH AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FREENET AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXAIL TECHNOLOGIES SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BUREAU VERITAS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNIPOL ASSICURAZIONI SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CA IMMOBILIEN ANLAGEN AG</name>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TECHNIP ENERGIES NV</name>
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        <title>TECHNIP ENERGIES NV EUR0.01</title>
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          <ticker value="TE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ACCOR SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ABN AMRO BANK NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GEA GROUP AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ERAMET SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>METSA BOARD CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COFACE SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IPSOS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRIGANO SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HORNBACH HOLDING KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DANIELI &amp; C. - OFFICINE MECCANICHE SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLFUNDS GROUP PLC</name>
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        <name>RYANAIR HOLDINGS PLC</name>
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        <name>ISHARES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIRIDIEN SA</name>
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          <ticker value="VIRI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACOMO NV</name>
        <lei>7245001M40ANG7IIS437</lei>
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        <cusip>000000000</cusip>
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          <isin value="NL0000313286"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARCADIS NV</name>
        <lei>7245000UZH70GO047N03</lei>
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          <isin value="NL0006237562"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOCIETE GENERALE SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000130809"/>
          <ticker value="GLE"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EQUASENS SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0012882389"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MONTEA NV</name>
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        <cusip>000000000</cusip>
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          <isin value="BE0003853703"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASSYSTEM SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000074148"/>
          <ticker value="ASY"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GERRESHEIMER AG</name>
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          <isin value="DE000A0LD6E6"/>
          <ticker value="GXI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SNAM SPA</name>
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          <isin value="IT0003153415"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AYVENS SA</name>
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          <isin value="FR0013258662"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDUS HOLDING AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TELEVISION FRANCAISE 1 SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INDUSTRIE DE NORA SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ATOSS SOFTWARE SE</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>THYSSENKRUPP AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AURUBIS AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VONOVIA SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EURAZEO SE</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VALEO SE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KSB SE &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SYMRISE AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NEBIUS GROUP NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELECNOR SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FINNAIR OYJ</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELISA OYJ</name>
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          <isin value="FI0009007884"/>
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        <fairValLevel>1</fairValLevel>
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        <name>REDEIA CORPORACION SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENAV SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>M6-METROPOLE TELEVISION SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GFT TECHNOLOGIES SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COVIVIO SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BMW - BAYERISCHE MOTOREN WERKE AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SILTRONIC AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENGIE SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VIVENDI SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JCDECAUX SE</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>L'AIR LIQUIDE SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TKH GROUP NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BEFESA SA</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SARTORIUS AG</name>
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          <isin value="DE0007165631"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PROSIEBENSAT.1 MEDIA SE</name>
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          <isin value="DE000PSM7770"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEAMVIEWER SE</name>
        <lei>3912000FZ0R0KEK9JS42</lei>
        <title>TEAMVIEWER SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A2YN900"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VOSSLOH AG</name>
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          <isin value="DE0007667107"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IBERDROLA SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIELMANN GROUP AG</name>
        <lei>529900BU5B7N9GE4XU15</lei>
        <title>FIELMANN GROUP AG NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDRA SISTEMAS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BANCO SANTANDER SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BEIERSDORF AG</name>
        <lei>L47NHHI0Z9X22DV46U41</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>HENKEL AG &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JUVENTUS FOOTBALL CLUB SPA</name>
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        <name>INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA</name>
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        <name>IVECO GROUP NV</name>
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        <name>DOUGLAS AG</name>
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        <name>LEGRAND SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>LEGRAND SA EUR4</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SAIPEM SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <lei>815600E4E6DCD2D25E30</lei>
        <title>BANCO BPM SPA NPV</title>
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          <ticker value="BAMI"/>
          <other otherDesc="SEDOL" value="BYMD5K9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MARR SPA</name>
        <lei>815600576D5536AC7B34</lei>
        <title>MARR SPA EUR0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003428445"/>
          <ticker value="MARR"/>
          <other otherDesc="SEDOL" value="B0B87F6"/>
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        <balance>270.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AROUNDTOWN SA</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
        <title>AROUNDTOWN SA EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <ticker value="AT1"/>
          <other otherDesc="SEDOL" value="BF0CK44"/>
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        <balance>5616.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEONARDO SPA</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>LEONARDO SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="LDO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ECKERT &amp; ZIEGLER STRAHLEN UND MEDIZINTECHNIK SE</name>
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        <title>ECKERT &amp; ZIEGLER STRAHLEN UND MEDIZINTECHNIK SE NPV (BR)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005659700"/>
          <ticker value="EUZ"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUTARES SE &amp; CO. KGAA</name>
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        <cusip>000000000</cusip>
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          <isin value="DE000A2NB650"/>
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          <other otherDesc="SEDOL" value="BFYG8K4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAUFMAN &amp; BROAD SA</name>
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          <isin value="FR0004007813"/>
          <ticker value="KOF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRIFOLS SA</name>
        <lei>959800HSSNXWRKBK4N60</lei>
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        <cusip>000000000</cusip>
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          <isin value="ES0171996087"/>
          <ticker value="GRF"/>
          <other otherDesc="SEDOL" value="BYY3DX6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOPRA STERIA GROUP SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000050809"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUGO BOSS AG</name>
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        <title>HUGO BOSS AG NPV (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A1PHFF7"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCHNEIDER ELECTRIC SE</name>
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        <title>SCHNEIDER ELECTRIC SE EUR4.00</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAYER AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>BAYER AG NPV (REGD)</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ASSICURAZIONI GENERALI SPA</name>
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        <title>ASSICURAZIONI GENERALI SPA NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>L'OREAL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SUSS MICROTEC SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXOSENS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DEUTSCHE TELEKOM AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CARREFOUR SA</name>
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        <title>CARREFOUR SA EUR2.50</title>
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        <fairValLevel>1</fairValLevel>
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        <name>MBB SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMG CRITICAL MATERIALS NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NEMETSCHEK SE</name>
        <lei>529900R0S2IX1S358J38</lei>
        <title>NEMETSCHEK SE ORD NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AVIO SPA</name>
        <lei>8156008F25C4B0E7C860</lei>
        <title>AVIO SPA NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PUUILO OYJ</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDUSTRIA DE DISENO TEXTIL SA</name>
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          <isin value="ES0148396007"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARCELORMITTAL SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SYENSQO SA/NV</name>
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          <isin value="BE0974464977"/>
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        <fairValLevel>1</fairValLevel>
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        <name>FERROVIAL NV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SECHE ENVIRONNEMENT SA</name>
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          <isin value="FR0000039109"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MAIRE SPA</name>
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          <isin value="IT0004931058"/>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERCOS SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IONOS GROUP SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PHARVARIS NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CMB.TECH NV</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>RANDSTAD NV</name>
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        <name>HERMES INTERNATIONAL SA</name>
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        <name>GROUPE BRUXELLES LAMBERT SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>XIOR STUDENT HOUSING NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MERLIN PROPERTIES SOCIMI SA</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMPO PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>SAMPO PLC NPV A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
        </identifiers>
        <balance>20806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>219966.30000000</valUSD>
        <pctVal>0.302672848006</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>FORVIA SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>FORVIA SE EUR7</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121147"/>
          <ticker value="FRVIA"/>
          <other otherDesc="SEDOL" value="4400446"/>
        </identifiers>
        <balance>1308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>17384.80000000</valUSD>
        <pctVal>0.023921423090</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>TKMS AG &amp; CO. KGAA</name>
        <lei>529900W81B194B0E0078</lei>
        <title>TKMS AG &amp; CO. KGAA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000TKMS001"/>
          <ticker value="TKMS"/>
          <other otherDesc="SEDOL" value="BS801X7"/>
        </identifiers>
        <balance>211.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>20747.11000000</valUSD>
        <pctVal>0.028547949715</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>UBISOFT ENTERTAINMENT SA</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBISOFT ENTERTAINMENT SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000054470"/>
          <ticker value="UBI"/>
          <other otherDesc="SEDOL" value="B1L3CS6"/>
        </identifiers>
        <balance>990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>6505.79000000</valUSD>
        <pctVal>0.008951943947</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>ELIA GROUP SA/NV</name>
        <lei>549300S1MP1NFDIKT460</lei>
        <title>ELIA GROUP SA/NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003822393"/>
          <ticker value="ELI"/>
          <other otherDesc="SEDOL" value="B09M9F4"/>
        </identifiers>
        <balance>360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>55973.22000000</valUSD>
        <pctVal>0.077018952037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALNEVA SE</name>
        <lei>969500DIVIP5VKNW4948</lei>
        <title>VALNEVA SE EUR0.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0004056851"/>
          <ticker value="VLA"/>
          <other otherDesc="SEDOL" value="B03KGM0"/>
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        <balance>1435.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>4371.93000000</valUSD>
        <pctVal>0.006015760161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3692.52518113"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COFINIMMO SA/NV</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>COFINIMMO SA/NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003593044"/>
          <ticker value="COFB"/>
          <other otherDesc="SEDOL" value="4177988"/>
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        <balance>18.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>1745.75000000</valUSD>
        <pctVal>0.002402145803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERG SPA</name>
        <lei>8156004604684CA44A90</lei>
        <title>ERG SPA EUR0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001157020"/>
          <ticker value="ERG"/>
          <other otherDesc="SEDOL" value="5337093"/>
        </identifiers>
        <balance>558.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>14930.53000000</valUSD>
        <pctVal>0.020544356282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASCOPIAVE SPA</name>
        <lei>815600ABFF26D15A4920</lei>
        <title>ASCOPIAVE SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004093263"/>
          <ticker value="ASC"/>
          <other otherDesc="SEDOL" value="B1JMNT3"/>
        </identifiers>
        <balance>363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>1359.12000000</valUSD>
        <pctVal>0.001870144295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITALMOBILIARE SPA</name>
        <lei>815600E546497667D288</lei>
        <title>ITALMOBILIARE SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005253205"/>
          <ticker value="ITM"/>
          <other otherDesc="SEDOL" value="BZ05RT7"/>
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        <balance>199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>6603.63000000</valUSD>
        <pctVal>0.009086571439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENSOLDT AG</name>
        <lei>894500686FYLLZD3M624</lei>
        <title>HENSOLDT AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000HAG0005"/>
          <ticker value="HAG"/>
          <other otherDesc="SEDOL" value="BN0SDX8"/>
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        <balance>542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>55898.15000000</valUSD>
        <pctVal>0.076915655983</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>VERBUND AG</name>
        <lei>5299006UDSEJCTTEJS30</lei>
        <title>VERBUND AG CLASS'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000746409"/>
          <ticker value="VER"/>
          <other otherDesc="SEDOL" value="4661607"/>
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        <balance>544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>36516.73000000</valUSD>
        <pctVal>0.050246890860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPMOBILITY SE</name>
        <lei>9695001VLC2KYXX0DW73</lei>
        <title>OPMOBILITY SE EUR0.06</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000124570"/>
          <ticker value="OPM"/>
          <other otherDesc="SEDOL" value="B08V9H4"/>
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        <balance>429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>8341.43000000</valUSD>
        <pctVal>0.011477778071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEBUILD SPA</name>
        <lei>549300UKR289DF4UXQ47</lei>
        <title>WEBUILD SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003865570"/>
          <ticker value="WBD"/>
          <other otherDesc="SEDOL" value="B09MRX8"/>
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        <balance>2929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>8445.31000000</valUSD>
        <pctVal>0.011620716582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTIN INFRASTRUCTURE PARTNERS SA</name>
        <lei>2138008FABJXP4HUOK53</lei>
        <title>ANTIN INFRASTRUCTURE PARTNERS SA EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0014005AL0"/>
          <ticker value="ANTIN"/>
          <other otherDesc="SEDOL" value="BNZJDK3"/>
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        <balance>299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>3470.10000000</valUSD>
        <pctVal>0.004774845282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACKERMANS &amp; VAN HAAREN NV</name>
        <lei>5493005E2GHATS0Z6J59</lei>
        <title>ACKERMANS &amp; VAN HAAREN NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003764785"/>
          <ticker value="ACKB"/>
          <other otherDesc="SEDOL" value="5715774"/>
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        <balance>182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>57699.03000000</valUSD>
        <pctVal>0.079393660471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIR COMPAGNIE INDUSTRIALI RIUNITE SPA</name>
        <lei>5493003VOSQJSPCM0T38</lei>
        <title>CIR COMPAGNIE INDUSTRIALI RIUNITE SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000070786"/>
          <ticker value="CIR"/>
          <other otherDesc="SEDOL" value="4207636"/>
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        <balance>5534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>4692.69000000</valUSD>
        <pctVal>0.006457124782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONCLER SPA</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>MONCLER SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004965148"/>
          <ticker value="MONC"/>
          <other otherDesc="SEDOL" value="BGLP232"/>
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        <balance>1886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>122882.57000000</valUSD>
        <pctVal>0.169085980135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IPSEN SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>IPSEN SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
          <ticker value="IPN"/>
          <other otherDesc="SEDOL" value="B0R7JF1"/>
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        <balance>298.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>54432.18000000</valUSD>
        <pctVal>0.074898486467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JERONIMO MARTINS SGPS SA</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>JERONIMO MARTINS SGPS SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PTJMT0AE0001"/>
          <ticker value="JMT"/>
          <other otherDesc="SEDOL" value="B1Y1SQ7"/>
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        <balance>2357.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>49925.58000000</valUSD>
        <pctVal>0.068697420863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERBIO VEREINIGTE BIOENERGIE SE</name>
        <lei>529900W51PINCFFALS96</lei>
        <title>VERBIO VEREINIGTE BIOENERGIE SE NPV (BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0JL9W6"/>
          <ticker value="VBK"/>
          <other otherDesc="SEDOL" value="B1FQQK1"/>
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        <balance>237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>10476.96000000</valUSD>
        <pctVal>0.014416259770</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>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KLEPIERRE SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADIDAS AG</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>HENKEL AG &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MAYR-MELNHOF KARTON AG</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AIR FRANCE - KLM SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIQA INSURANCE GROUP AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SODEXO SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PLANISWARE SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JENOPTIK AG</name>
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          <isin value="DE000A2NB601"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>REPLY SPA</name>
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          <isin value="IT0005282865"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>MERSEN SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000039620"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SANOFI SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAWAG GROUP AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRAPORT - FRANKFURT AIRPORT SERVICES WORLDWIDE AG</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>SIEMENS AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>POSTNL NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELIOR GROUP SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALTAREA SCA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PLUXEE NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SOFINA SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOTALENERGIES SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KRONES AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENERGIE KONTOR AG</name>
        <lei>529900MCVP6QF0PTPQ72</lei>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>FAGRON NV</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>EUROFINS SCIENTIFIC SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>MOTA ENGIL SGPS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ALMIRALL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JOST WERKE SE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLUIDRA SA</name>
        <lei>95980020140005026620</lei>
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          <isin value="ES0137650018"/>
          <ticker value="FDR"/>
          <other otherDesc="SEDOL" value="B28V440"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EDP RENEWABLES SA</name>
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          <isin value="ES0127797050"/>
          <ticker value="2654877D"/>
          <other otherDesc="SEDOL" value="BX019R3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RUBIS SCA</name>
        <lei>969500MGFIKUGLTC9742</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0013269123"/>
          <ticker value="RUI"/>
          <other otherDesc="SEDOL" value="BDT88L2"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>E.ON SE</name>
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          <isin value="DE000ENAG999"/>
          <ticker value="EOAN"/>
          <other otherDesc="SEDOL" value="4942904"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALSTOM SA</name>
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          <isin value="FR0010220475"/>
          <ticker value="ALO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STORA ENSO OYJ</name>
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        <cusip>000000000</cusip>
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          <isin value="FI0009005961"/>
          <ticker value="STERV"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUZZI SPA</name>
        <lei>5299003DX5YLKSVJ6K59</lei>
        <title>BUZZI SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0001347308"/>
          <ticker value="BZU"/>
          <other otherDesc="SEDOL" value="5782206"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>INTESA SANPAOLO SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0000072618"/>
          <ticker value="ISP"/>
          <other otherDesc="SEDOL" value="4076836"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOLARIA ENERGIA Y MEDIO AMBIENTE SA</name>
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        <cusip>000000000</cusip>
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          <isin value="ES0165386014"/>
          <ticker value="SLR"/>
          <other otherDesc="SEDOL" value="B1YVKJ4"/>
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        <balance>659.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TECHNOGYM SPA</name>
        <lei>815600B9149F66E77F76</lei>
        <title>TECHNOGYM SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005162406"/>
          <ticker value="TGYM"/>
          <other otherDesc="SEDOL" value="BD9Y5C0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALTRI SGPS SA</name>
        <lei>213800AKSTYRLHY3X497</lei>
        <title>ALTRI SGPS SA EUR0.125</title>
        <cusip>000000000</cusip>
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          <isin value="PTALT0AE0002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DERICHEBOURG SA</name>
        <lei>969500QOO4C4IPGID263</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0000053381"/>
          <ticker value="DBG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACERINOX SA</name>
        <lei>95980020140005582721</lei>
        <title>ACERINOX SA EUR0.25</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HANNOVER RUECK SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENDESA SA - EMPRESA NACIONAL ELECTRICIDAD</name>
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          <ticker value="ELE"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SCHOTT PHARMA AG &amp; CO. KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KINGSPAN GROUP PLC</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>REMY COINTREAU SA</name>
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        <title>REMY COINTREAU SA EUR1.60</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AMCO - ASSET MANAGEMENT COMPANY SPA</name>
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        <fairValLevel>3</fairValLevel>
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        <name>ESSILORLUXOTTICA SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>ESSILORLUXOTTICA SA EUR0.18</title>
        <cusip>000000000</cusip>
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          <ticker value="EL"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AIXTRON SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>AIXTRON SE ORD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="AIXA"/>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANCA IFIS SPA</name>
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          <isin value="IT0003188064"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GRENKE AG</name>
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          <isin value="DE000A161N30"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KONE CORP</name>
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          <isin value="FI0009013403"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CARMILA SA</name>
        <lei>222100P6D3QKU33LZQ72</lei>
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          <isin value="FR0010828137"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIVERSAL MUSIC GROUP NV</name>
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        <cusip>000000000</cusip>
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          <isin value="NL0015000IY2"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>INPOST SA</name>
        <lei>2221003M23QLERR89585</lei>
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        <cusip>000000000</cusip>
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          <isin value="LU2290522684"/>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PHARMANUTRA SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ABIVAX SA</name>
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          <other otherDesc="SEDOL" value="BYZZ7S4"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PUMA SE</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>VUSIONGROUP SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RENK GROUP AG</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>LEG IMMOBILIEN SE</name>
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        <name>MERCK KGAA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BANCO DE SABADELL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>UNIPHAR PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KONECRANES OYJ</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICADE SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIEMENS HEALTHINEERS AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ANHEUSER-BUSCH INBEV SA/NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AUSTRIA TECHNOLOGIE &amp; SYSTEMTECHNIK AG</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>MAGNUM ICE CREAM COMPANY NV (THE)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VIENNA INSURANCE GROUP AG - WIENER VERSICHERUNG GRUPPE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UMICORE SA</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>53850.08000000</valUSD>
        <pctVal>0.074097518933</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>PNE AG</name>
        <lei>391200KEHI6OQSGGN373</lei>
        <title>PNE AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0JBPG2"/>
          <ticker value="PNE3"/>
          <other otherDesc="SEDOL" value="B0QCZ26"/>
        </identifiers>
        <balance>273.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>3203.38000000</valUSD>
        <pctVal>0.004407839509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3168.17686363"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUTO1 GROUP SE</name>
        <lei>391200S2LPXG5ZD5G304</lei>
        <title>AUTO1 GROUP SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A2LQ884"/>
          <ticker value="AG1"/>
          <other otherDesc="SEDOL" value="BL5C4C7"/>
        </identifiers>
        <balance>1111.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>29545.86000000</valUSD>
        <pctVal>0.040654998483</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>MELIA HOTELS INTERNATIONAL SA</name>
        <lei>959800JRKSZ6YZD4EL80</lei>
        <title>MELIA HOTELS INTERNATIONAL SA EUR0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0176252718"/>
          <ticker value="MEL"/>
          <other otherDesc="SEDOL" value="5738298"/>
        </identifiers>
        <balance>781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>10230.07000000</valUSD>
        <pctVal>0.014076540007</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>CIRSA ENTERPRISES SA</name>
        <lei>254900PU87HSLE4V5K18</lei>
        <title>CIRSA ENTERPRISES SA EUR0.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105884011"/>
          <ticker value="CIRSA"/>
          <other otherDesc="SEDOL" value="BS87QN3"/>
        </identifiers>
        <balance>402.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>5936.19000000</valUSD>
        <pctVal>0.008168176368</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>UNIBAIL-RODAMCO-WESTFIELD SE</name>
        <lei>969500SHQITWXSIS7N89</lei>
        <title>UNIBAIL-RODAMCO-WESTFIELD SE NPV (1 ORD UNIBAIL-R &amp; 1CLASS A WFD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <ticker value="URW"/>
          <other otherDesc="SEDOL" value="BF2PQ09"/>
        </identifiers>
        <balance>932.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>107991.04000000</valUSD>
        <pctVal>0.148595287714</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>EMEIS SA</name>
        <lei>969500LHIH3NT7PK1V89</lei>
        <title>EMEIS SA EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400NLM4"/>
          <ticker value="EMEIS"/>
          <other otherDesc="SEDOL" value="BR1WF20"/>
        </identifiers>
        <balance>724.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>12582.66000000</valUSD>
        <pctVal>0.017313695496</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>REPSOL SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>REPSOL SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <ticker value="REP"/>
          <other otherDesc="SEDOL" value="5669354"/>
        </identifiers>
        <balance>9524.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>244837.90000000</valUSD>
        <pctVal>0.336896081322</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>ANDRITZ AG</name>
        <lei>549300VZKC61IR5U8G96</lei>
        <title>ANDRITZ AG NPV (BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000730007"/>
          <ticker value="ANDR"/>
          <other otherDesc="SEDOL" value="B1WVF68"/>
        </identifiers>
        <balance>548.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>49920.54000000</valUSD>
        <pctVal>0.068690485841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIETO OYJ</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>TIETO OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000277"/>
          <ticker value="TIETO"/>
          <other otherDesc="SEDOL" value="5479702"/>
        </identifiers>
        <balance>903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>21739.28000000</valUSD>
        <pctVal>0.029913172114</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>STELLANTIS NV</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STELLANTIS NV COM EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
          <ticker value="STLAM"/>
          <other otherDesc="SEDOL" value="BMD8KX7"/>
        </identifiers>
        <balance>17475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>139928.25000000</valUSD>
        <pctVal>0.192540775310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLICIS GROUPE SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>PUBLICIS GROUPE SA EUR0.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000130577"/>
          <ticker value="PUB"/>
          <other otherDesc="SEDOL" value="4380429"/>
        </identifiers>
        <balance>1974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>192809.21000000</valUSD>
        <pctVal>0.265304788563</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>BANCA GENERALI SPA</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
          <ticker value="BGN"/>
          <other otherDesc="SEDOL" value="B1HKSV6"/>
        </identifiers>
        <balance>520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85733850"/>
        <valUSD>33177.09000000</valUSD>
        <pctVal>0.045651558074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
