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        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>79758.10000000</valUSD>
        <pctVal>0.030404583366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AOYAMA TRADING Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AOYAMA TRADING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3106200003"/>
          <other otherDesc="Internal" value="6045878"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>104410.45000000</valUSD>
        <pctVal>0.039802305111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOMY COMPANY, LTD.</name>
        <lei>N/A</lei>
        <title>TOMY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3630550006"/>
          <other otherDesc="Internal" value="6046923"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>337392.81000000</valUSD>
        <pctVal>0.128617504916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCLANDS CORPORATION</name>
        <lei>N/A</lei>
        <title>ARCLANDS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100100001"/>
          <other otherDesc="Internal" value="6048004"/>
        </identifiers>
        <balance>9679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>112233.54000000</valUSD>
        <pctVal>0.042784545061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARIAKE JAPAN Co.,Ltd.</name>
        <lei>353800PBX8D0J0H60M72</lei>
        <title>ARIAKE JAPAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3125800007"/>
          <other otherDesc="Internal" value="6049632"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>81190.68000000</valUSD>
        <pctVal>0.030950697153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACOM CO., LTD.</name>
        <lei>N/A</lei>
        <title>ACOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3108600002"/>
          <other otherDesc="Internal" value="6049784"/>
        </identifiers>
        <balance>72000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>218790.70000000</valUSD>
        <pctVal>0.083405197440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAMAKYOREX CO., LTD.</name>
        <lei>N/A</lei>
        <title>HAMAKYOREX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771150004"/>
          <other otherDesc="Internal" value="6051444"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>139311.40000000</valUSD>
        <pctVal>0.053106895414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Workman Co Ltd</name>
        <lei>N/A</lei>
        <title>WORKMAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3990100004"/>
          <other otherDesc="Internal" value="6053194"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>187021.02000000</valUSD>
        <pctVal>0.071294278497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADEKA CORPORATION</name>
        <lei>N/A</lei>
        <title>ADEKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3114800000"/>
          <other otherDesc="Internal" value="6054904"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>417681.06000000</valUSD>
        <pctVal>0.159224186751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI YUKIZAI CORPORATION</name>
        <lei>353800BBLKAGEXVVBE41</lei>
        <title>ASAHI YUKIZAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3117200000"/>
          <other otherDesc="Internal" value="6055361"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>88924.49000000</valUSD>
        <pctVal>0.033898902675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUTOBACS SEVEN CO.,LTD.</name>
        <lei>N/A</lei>
        <title>AUTOBACS SEVEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3172500005"/>
          <other otherDesc="Internal" value="6068422"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>189830.69000000</valUSD>
        <pctVal>0.072365352730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Awa Bank, Ltd.</name>
        <lei>353800YH8XWV0XAHXR13</lei>
        <title>AWA BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126800006"/>
          <other otherDesc="Internal" value="6068961"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>299417.25000000</valUSD>
        <pctVal>0.114140842609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUSTSYSTEMS CORPORATION</name>
        <lei>N/A</lei>
        <title>JUSTSYSTEMS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3388450003"/>
          <other otherDesc="Internal" value="6079792"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>128417.43000000</valUSD>
        <pctVal>0.048954005375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAKAMATSU CONSTRUCTION GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>TAKAMATSU CONSTRUCTION GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3457900003"/>
          <other otherDesc="Internal" value="6083135"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>63444.10000000</valUSD>
        <pctVal>0.024185523822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fuji Seal International, Inc.</name>
        <lei>N/A</lei>
        <title>FUJI SEAL INTERNATIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3813800004"/>
          <other otherDesc="Internal" value="6083704"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>149601.53000000</valUSD>
        <pctVal>0.057029595622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C.Uyemura &amp; Co Ltd</name>
        <lei>N/A</lei>
        <title>C UYEMURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3155350006"/>
          <other otherDesc="Internal" value="6089014"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>298669.90000000</valUSD>
        <pctVal>0.113855945334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Lifeline Co., Ltd.</name>
        <lei>353800QUW6LROZVA6765</lei>
        <title>JAPAN LIFELINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3754500001"/>
          <other otherDesc="Internal" value="6093491"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>95834.38000000</valUSD>
        <pctVal>0.036533021675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RORZE CORPORATION</name>
        <lei>529900ORJHC47686AS71</lei>
        <title>RORZE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982200002"/>
          <other otherDesc="Internal" value="6096650"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>421723.68000000</valUSD>
        <pctVal>0.160765273823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Belc Co Ltd</name>
        <lei>N/A</lei>
        <title>BELC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835700000"/>
          <other otherDesc="Internal" value="6098913"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102610.33000000</valUSD>
        <pctVal>0.039116081410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harmonic Drive Systems Inc.</name>
        <lei>353800XFIX2EUARGOE85</lei>
        <title>HARMONIC DRIVE SYSTEMS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765150002"/>
          <other otherDesc="Internal" value="6108179"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>430762.08000000</valUSD>
        <pctVal>0.164210802068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAIZERIYA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SAIZERIYA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3310500008"/>
          <other otherDesc="Internal" value="6111779"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>212372.45000000</valUSD>
        <pctVal>0.080958496513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Obara Group Incorporated</name>
        <lei>3538003M0UGWDBTV2318</lei>
        <title>OBARA GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197650009"/>
          <other otherDesc="Internal" value="6117733"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>85475.13000000</valUSD>
        <pctVal>0.032583972234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDCREST Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>GOLDCREST CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3306800008"/>
          <other otherDesc="Internal" value="6123343"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>49794.29000000</valUSD>
        <pctVal>0.018982080083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MegaChips Corporation</name>
        <lei>N/A</lei>
        <title>MEGACHIPS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3920860008"/>
          <other otherDesc="Internal" value="6123923"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>162674.07000000</valUSD>
        <pctVal>0.062012978278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trend Micro Incorporated</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>TREND MICRO INC JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <other otherDesc="Internal" value="6125286"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>900820.80000000</valUSD>
        <pctVal>0.343401875317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Argo Graphics Inc</name>
        <lei>N/A</lei>
        <title>ARGO GRAPHICS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126110000"/>
          <other otherDesc="Internal" value="6133687"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>100502.97000000</valUSD>
        <pctVal>0.038312734755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUSASHI SEIMITSU INDUSTRY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>MUSASHI SEIMITSU INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3912700006"/>
          <other otherDesc="Internal" value="6135229"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>193711.09000000</valUSD>
        <pctVal>0.073844599920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDOM Inc.</name>
        <lei>N/A</lei>
        <title>IDOM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3235700006"/>
          <other otherDesc="Internal" value="6136374"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>75025.61000000</valUSD>
        <pctVal>0.028600510968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZERIA PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>ZERIA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3428850006"/>
          <other otherDesc="Internal" value="6137731"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>60697.86000000</valUSD>
        <pctVal>0.023138629738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORACLE CORPORATION JAPAN</name>
        <lei>N/A</lei>
        <title>ORACLE CORP JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3689500001"/>
          <other otherDesc="Internal" value="6141680"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>424706.54000000</valUSD>
        <pctVal>0.161902369811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROTHER INDUSTRIES, LTD.</name>
        <lei>549300O5FACQ67KI6R92</lei>
        <title>BROTHER INDUSTRIES LTD</title>
        <cusip>114813108</cusip>
        <identifiers>
          <isin value="JP3830000000"/>
          <other otherDesc="Internal" value="6146500"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1321188.51000000</valUSD>
        <pctVal>0.503650239850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Okinawa Cellular Telephone Co</name>
        <lei>N/A</lei>
        <title>OKINAWA CELLULAR TELEPHONE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3194650002"/>
          <other otherDesc="Internal" value="6147428"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>187278.47000000</valUSD>
        <pctVal>0.071392421006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOBAYASHI PHARMACEUTICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KOBAYASHI PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3301100008"/>
          <other otherDesc="Internal" value="6149457"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>341974.62000000</valUSD>
        <pctVal>0.130364136595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bunka Shutter Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BUNKA SHUTTER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3831600006"/>
          <other otherDesc="Internal" value="6152466"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>114313.90000000</valUSD>
        <pctVal>0.043577599046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CKD Corporation</name>
        <lei>N/A</lei>
        <title>CKD CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3346800000"/>
          <other otherDesc="Internal" value="6160050"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>332101.38000000</valUSD>
        <pctVal>0.126600359014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Bottlers Japan Holdings Inc.</name>
        <lei>N/A</lei>
        <title>COCA COLA BOTTLERS JAPAN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3293200006"/>
          <other otherDesc="Internal" value="6163286"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>531296.14000000</valUSD>
        <pctVal>0.202535388642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GMO internet group, Inc.</name>
        <lei>N/A</lei>
        <title>GMO INTERNET GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152750000"/>
          <other otherDesc="Internal" value="6170167"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>314824.93000000</valUSD>
        <pctVal>0.120014403928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>USS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3944130008"/>
          <other otherDesc="Internal" value="6171494"/>
        </identifiers>
        <balance>72000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>897914.63000000</valUSD>
        <pctVal>0.342294014322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canon Marketing Japan Inc.</name>
        <lei>N/A</lei>
        <title>CANON MARKETING JAPAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3243600008"/>
          <other otherDesc="Internal" value="6172453"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>392242.88000000</valUSD>
        <pctVal>0.149526898770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hiday Hidaka Corp</name>
        <lei>N/A</lei>
        <title>HIDAY HIDAKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765180009"/>
          <other otherDesc="Internal" value="6173854"/>
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        <balance>4884.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>91552.03000000</valUSD>
        <pctVal>0.034900547135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Relo Group, Inc.</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>RELO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
          <other otherDesc="Internal" value="6173906"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>232227.89000000</valUSD>
        <pctVal>0.088527588314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLOWIDE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>COLOWIDE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305970000"/>
          <other otherDesc="Internal" value="6174619"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>225542.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Obic Business Consultants Co Ltd</name>
        <lei>N/A</lei>
        <title>OBIC BUSINESS CONSULTANTS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3173500004"/>
          <other otherDesc="Internal" value="6174620"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>263303.39000000</valUSD>
        <pctVal>0.100373878915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CASIO COMPUTER CO.,LTD.</name>
        <lei>N/A</lei>
        <title>CASIO COMPUTER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3209000003"/>
          <other otherDesc="Internal" value="6178967"/>
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        <balance>38100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>597019.00000000</valUSD>
        <pctVal>0.227589598508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL AUTOMOTIVE PRODUCTS LTD.</name>
        <lei>N/A</lei>
        <title>CENTRAL AUTOMOTIVE PRODUCTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3515400004"/>
          <other otherDesc="Internal" value="6183927"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>99083.43000000</valUSD>
        <pctVal>0.037771591946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Glass Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>CENTRAL GLASS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3425000001"/>
          <other otherDesc="Internal" value="6184306"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
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        <valUSD>136668.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Keiyo Bank, Ltd.</name>
        <lei>353800HBJ702X2J5OX58</lei>
        <title>KEIYO BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3281600001"/>
          <other otherDesc="Internal" value="6190648"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chiyoda Corporation</name>
        <lei>549300QKY84OVLK4L190</lei>
        <title>CHIYODA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3528600004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KOSE Holdings Corporation</name>
        <lei>N/A</lei>
        <title>KOSE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283650004"/>
          <other otherDesc="Internal" value="6194468"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Chudenko Corp</name>
        <lei>N/A</lei>
        <title>CHUDENKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3524000001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Chugoku Electric Power Company, Incorporated</name>
        <lei>353800MV866ELME96Q46</lei>
        <title>CHUGOKU ELECTRIC POWER CO INC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3522200009"/>
          <other otherDesc="Internal" value="6195900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHUGOKU MARINE PAINTS,LTD.</name>
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        <title>CHUGOKU MARINE PAINTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3522600000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citizen Watch Co., Ltd.</name>
        <lei>529900DUZBKERKGQ2628</lei>
        <title>CITIZEN WATCH CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3352400000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BML, INC.</name>
        <lei>N/A</lei>
        <title>BML INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3799700004"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICHIBANYA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>ICHIBANYA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3142150006"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YOSHINOYA HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>YOSHINOYA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3958000006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CyberAgent, Inc.</name>
        <lei>3538006T5KZABPGS8Q08</lei>
        <title>CYBERAGENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3311400000"/>
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        <balance>76800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Future Corporation</name>
        <lei>N/A</lei>
        <title>FUTURE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826200002"/>
          <other otherDesc="Internal" value="6221582"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Doshisha Co Ltd</name>
        <lei>N/A</lei>
        <title>DOSHISHA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3638000004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ROUND ONE Corporation</name>
        <lei>N/A</lei>
        <title>ROUND ONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966800009"/>
          <other otherDesc="Internal" value="6248365"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIN HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>AIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105250009"/>
          <other otherDesc="Internal" value="6249120"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EXEDY Corporation</name>
        <lei>35380047PHY08BBD5M18</lei>
        <title>EXEDY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3161160001"/>
          <other otherDesc="Internal" value="6250412"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daicel Corporation</name>
        <lei>353800ZG4XF6D7NZGS72</lei>
        <title>DAICEL CORP</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daido Steel Co., Ltd.</name>
        <lei>353800WZKGRNG0T2FR92</lei>
        <title>DAIDO STEEL CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3491000000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIC Corporation</name>
        <lei>549300F1YB9ARLPUKB67</lei>
        <title>DIC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <other otherDesc="Internal" value="6250821"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Pharma Co., Ltd.</name>
        <lei>529900D60UKVYLJ2OJ79</lei>
        <title>SUMITOMO PHARMA CO LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daiwabo Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>DAIWABO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505400006"/>
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        <balance>14400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DAIWA LTD.</name>
        <lei>N/A</lei>
        <title>DAIWA LTD</title>
        <cusip>J11550100</cusip>
        <identifiers>
          <isin value="JP3505800007"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAIICHIKOSHO CO., LTD.</name>
        <lei>N/A</lei>
        <title>DAIICHIKOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3475200006"/>
          <other otherDesc="Internal" value="6253132"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>142760.56000000</valUSD>
        <pctVal>0.054421749614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DTS CORPORATION</name>
        <lei>N/A</lei>
        <title>DTS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548500002"/>
          <other otherDesc="Internal" value="6255699"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>172254.76000000</valUSD>
        <pctVal>0.065665232881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUGI HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SUGI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3397060009"/>
          <other otherDesc="Internal" value="6259011"/>
        </identifiers>
        <balance>38400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>317415.96000000</valUSD>
        <pctVal>0.121002130412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiseki Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>DAISEKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3485600005"/>
          <other otherDesc="Internal" value="6263164"/>
        </identifiers>
        <balance>7212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>171058.69000000</valUSD>
        <pctVal>0.065209279065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAKANISHI INC.</name>
        <lei>N/A</lei>
        <title>NAKANISHI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3642500007"/>
          <other otherDesc="Internal" value="6271071"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>234590.14000000</valUSD>
        <pctVal>0.089428101579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seikoh Giken Co Ltd</name>
        <lei>N/A</lei>
        <title>SEIKOH GIKEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3414870000"/>
          <other otherDesc="Internal" value="6277552"/>
        </identifiers>
        <balance>4500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>161617.67000000</valUSD>
        <pctVal>0.061610268060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="28732.03022200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cybozu Inc</name>
        <lei>N/A</lei>
        <title>CYBOZU INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3312100005"/>
          <other otherDesc="Internal" value="6277927"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>97949.92000000</valUSD>
        <pctVal>0.037339486627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOWA HOLDINGS CO.,LTD.</name>
        <lei>353800ZSQZKFE140A689</lei>
        <title>DOWA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3638600001"/>
          <other otherDesc="Internal" value="6278306"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>596509.11000000</valUSD>
        <pctVal>0.227395223354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN-A CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SAN A CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3324500002"/>
          <other otherDesc="Internal" value="6280680"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>151661.97000000</valUSD>
        <pctVal>0.057815055905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TV Asahi Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TV ASAHI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429000007"/>
          <other otherDesc="Internal" value="6287410"/>
        </identifiers>
        <balance>4175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>81886.41000000</valUSD>
        <pctVal>0.031215916369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABC-MART,INC.</name>
        <lei>353800AXWW4CMTSJWL33</lei>
        <title>ABC MART INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152740001"/>
          <other otherDesc="Internal" value="6292102"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>285784.04000000</valUSD>
        <pctVal>0.108943726956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASKUL Corporation</name>
        <lei>N/A</lei>
        <title>ASKUL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3119920001"/>
          <other otherDesc="Internal" value="6294498"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>39049.76000000</valUSD>
        <pctVal>0.014886158062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DENTSU SOKEN INC.</name>
        <lei>N/A</lei>
        <title>DENTSU SOKEN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551530003"/>
          <other otherDesc="Internal" value="6295974"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>214154.27000000</valUSD>
        <pctVal>0.081637744072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAGLE INDUSTRY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>EAGLE INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3130400009"/>
          <other otherDesc="Internal" value="6296706"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>91714.56000000</valUSD>
        <pctVal>0.034962505192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>And ST HD Co Ltd</name>
        <lei>353800DZZIJ399PIWU03</lei>
        <title>AND ST HD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3856000009"/>
          <other otherDesc="Internal" value="6300016"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>101558.69000000</valUSD>
        <pctVal>0.038715185751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toei Animation Co Ltd</name>
        <lei>N/A</lei>
        <title>TOEI ANIMATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3560200002"/>
          <other otherDesc="Internal" value="6301871"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>275469.82000000</valUSD>
        <pctVal>0.105011843400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meiko Electronics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MEIKO ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3915350007"/>
          <other otherDesc="Internal" value="6302454"/>
        </identifiers>
        <balance>3600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>442903.49000000</valUSD>
        <pctVal>0.168839228679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EIKEN CHEMICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>EIKEN CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160700005"/>
          <other otherDesc="Internal" value="6307114"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>69780.14000000</valUSD>
        <pctVal>0.026600885476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SQUARE ENIX HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SQUARE ENIX HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164630000"/>
          <other otherDesc="Internal" value="6309262"/>
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        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>843492.96000000</valUSD>
        <pctVal>0.321547930821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Digital Garage, Inc.</name>
        <lei>353800XMG9BC18FQ8862</lei>
        <title>DIGITAL GARAGE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549070005"/>
          <other otherDesc="Internal" value="6309422"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>34637.58000000</valUSD>
        <pctVal>0.013204191031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Denka Company Limited</name>
        <lei>353800Y94EKQEH8MVD43</lei>
        <title>DENKA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549600009"/>
          <other otherDesc="Internal" value="6309820"/>
        </identifiers>
        <balance>14400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>301064.79000000</valUSD>
        <pctVal>0.114768901293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEC Co Ltd</name>
        <lei>N/A</lei>
        <title>MEC CO LTD</title>
        <cusip>J4580E109</cusip>
        <identifiers>
          <isin value="JP3920890005"/>
          <other otherDesc="Internal" value="6315407"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>99236.33000000</valUSD>
        <pctVal>0.037829878952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ezaki Glico Co., Ltd.</name>
        <lei>3538001RG4BHKDFV6G61</lei>
        <title>EZAKI GLICO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3161200005"/>
          <other otherDesc="Internal" value="6327703"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>310625.35000000</valUSD>
        <pctVal>0.118413482139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FP CORPORATION</name>
        <lei>N/A</lei>
        <title>FP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167000003"/>
          <other otherDesc="Internal" value="6329947"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LINTEC Corporation</name>
        <lei>3538002YOJO0IAM1PD28</lei>
        <title>LINTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3977200009"/>
          <other otherDesc="Internal" value="6330080"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>F.C.C. Co Ltd</name>
        <lei>N/A</lei>
        <title>FCC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166900005"/>
          <other otherDesc="Internal" value="6332860"/>
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        <balance>7200.00000000</balance>
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        <valUSD>187597.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kura Sushi,Inc.</name>
        <lei>N/A</lei>
        <title>KURA SUSHI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268200007"/>
          <other otherDesc="Internal" value="6345965"/>
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        <balance>7200.00000000</balance>
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        <valUSD>78777.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fuso Chemical Co Ltd</name>
        <lei>N/A</lei>
        <title>FUSO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3822600007"/>
          <other otherDesc="Internal" value="6347712"/>
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        <balance>9900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>184078.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MANI,INC.</name>
        <lei>N/A</lei>
        <title>MANI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869920003"/>
          <other otherDesc="Internal" value="6354176"/>
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        <balance>14400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ferrotec Corporation</name>
        <lei>3538005N4KWZD4R07U97</lei>
        <title>FERROTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3802720007"/>
          <other otherDesc="Internal" value="6354273"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZACROS Corporation</name>
        <lei>353800YWT7BBFCB5RN10</lei>
        <title>ZACROS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3821000001"/>
          <other otherDesc="Internal" value="6355180"/>
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        <balance>9600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>77477.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GALILEI HOLDINGS CO. LTD.</name>
        <lei>N/A</lei>
        <title>GALILEI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805150004"/>
          <other otherDesc="Internal" value="6355210"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJIMI INCORPORATED</name>
        <lei>N/A</lei>
        <title>FUJIMI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3820900003"/>
          <other otherDesc="Internal" value="6355276"/>
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        <balance>9900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUJI CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUJI CO LTD EHIME</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3807400001"/>
          <other otherDesc="Internal" value="6356246"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUJI KYUKO CO., LTD.</name>
        <lei>3538009MO4NURA3M7859</lei>
        <title>FUJI KYUKO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3810400006"/>
          <other otherDesc="Internal" value="6356495"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUJI CORPORATION</name>
        <lei>N/A</lei>
        <title>FUJI CORP AICHI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3809200003"/>
          <other otherDesc="Internal" value="6356592"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>H.U. Group Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>H U GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3822000000"/>
          <other otherDesc="Internal" value="6356611"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FUJI OIL CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUJI OIL CO LTD OSAKA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3816400000"/>
          <other otherDesc="Internal" value="6356848"/>
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        <balance>9600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FUJITA KANKO INC.</name>
        <lei>N/A</lei>
        <title>FUJITA KANKO INC</title>
        <cusip>J15351109</cusip>
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          <isin value="JP3816800001"/>
          <other otherDesc="Internal" value="6356923"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FUKUDA DENSHI CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUKUDA DENSHI CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3806000000"/>
          <other otherDesc="Internal" value="6357012"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FUKUYAMA TRANSPORTING CO., LTD.</name>
        <lei>529900Z7D20PNX4HSO85</lei>
        <title>FUKUYAMA TRANSPORTING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3806800003"/>
          <other otherDesc="Internal" value="6357120"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Funai Soken Holdings Incorporated</name>
        <lei>N/A</lei>
        <title>FUNAI SOKEN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3825800000"/>
          <other otherDesc="Internal" value="6357368"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FURUKAWA CO.,LTD.</name>
        <lei>353800PX0BWY7U1VKE72</lei>
        <title>FURUKAWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826800009"/>
          <other otherDesc="Internal" value="6357603"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FURUNO ELECTRIC CO., LTD.</name>
        <lei>N/A</lei>
        <title>FURUNO ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3828400006"/>
          <other otherDesc="Internal" value="6357614"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>santec Holdings Corporation</name>
        <lei>N/A</lei>
        <title>SANTEC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3335410001"/>
          <other otherDesc="Internal" value="6369835"/>
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        <balance>900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>108974.10000000</valUSD>
        <pctVal>0.041542014017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>McDonald's Holdings Company (Japan), Ltd.</name>
        <lei>N/A</lei>
        <title>MCDONALD S HOLDINGS CO JAPAN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3750500005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MATSUI SECURITIES CO., LTD.</name>
        <lei>3538007PRKOSDN175V58</lei>
        <title>MATSUI SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3863800003"/>
          <other otherDesc="Internal" value="6373892"/>
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        <balance>19200.00000000</balance>
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        <valUSD>143794.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLORY LTD.</name>
        <lei>3538003FKID28TGG5U64</lei>
        <title>GLORY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3274400005"/>
          <other otherDesc="Internal" value="6374226"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DyDo GROUP HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>DYDO GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3488400007"/>
          <other otherDesc="Internal" value="6374992"/>
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        <balance>2400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDWIN INC.</name>
        <lei>N/A</lei>
        <title>GOLDWIN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3306600002"/>
          <other otherDesc="Internal" value="6376169"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEPTENI HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SEPTENI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423300007"/>
          <other otherDesc="Internal" value="6377429"/>
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        <balance>14400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ES-CON JAPAN Ltd.</name>
        <lei>N/A</lei>
        <title>ES CON JAPAN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3688330004"/>
          <other otherDesc="Internal" value="6380643"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.019187308285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECOM CO., LTD.</name>
        <lei>353800BXFUVR7EPC0G35</lei>
        <title>ELECOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3168200008"/>
          <other otherDesc="Internal" value="6388528"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>90749.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan Real Estate Investment Corporation</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>JAPAN REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <other otherDesc="Internal" value="6397580"/>
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        <balance>1248.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>The Gunma Bank, Ltd.</name>
        <lei>54930054A69VC4I5BP89</lei>
        <title>GUNMA BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3276400003"/>
          <other otherDesc="Internal" value="6398088"/>
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        <balance>60000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GUNZE LIMITED</name>
        <lei>353800VSSDM5IY8UNW44</lei>
        <title>GUNZE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3275200008"/>
          <other otherDesc="Internal" value="6398709"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hachijuni Nagano Bank, Ltd.</name>
        <lei>FE70I3MHDCWOZWK19W48</lei>
        <title>HACHIJUNI NAGANO BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3769000005"/>
          <other otherDesc="Internal" value="6400626"/>
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        <balance>69600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HAMAMATSU PHOTONICS K.K.</name>
        <lei>529900DMOAGFGC774B21</lei>
        <title>HAMAMATSU PHOTONICS KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771800004"/>
          <other otherDesc="Internal" value="6405870"/>
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        <balance>55200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>H2O RETAILING CORPORATION</name>
        <lei>N/A</lei>
        <title>H2O RETAILING CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3774600005"/>
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        <balance>14435.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hanwa Co., Ltd.</name>
        <lei>8EUP1TJYZFX3T1E5AJ33</lei>
        <title>HANWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3777800008"/>
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        <balance>28800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Axial Retailing Inc.</name>
        <lei>N/A</lei>
        <title>AXIAL RETAILING INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3772400002"/>
          <other otherDesc="Internal" value="6408976"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HASEKO Corporation</name>
        <lei>N/A</lei>
        <title>HASEKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3768600003"/>
          <other otherDesc="Internal" value="6414401"/>
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        <balance>40800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEIKO GROUP CORPORATION</name>
        <lei>529900UXKCNCMYX20S74</lei>
        <title>SEIKO GROUP CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3414700009"/>
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        <balance>9600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENTSU GROUP INC.</name>
        <lei>5299007PBBE83ZLJZG91</lei>
        <title>DENTSU GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551520004"/>
          <other otherDesc="Internal" value="6416281"/>
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        <balance>38400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hakuto Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>HAKUTO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3766400000"/>
          <other otherDesc="Internal" value="6417251"/>
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        <balance>2400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heiwa Corporation</name>
        <lei>N/A</lei>
        <title>HEIWA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834200002"/>
          <other otherDesc="Internal" value="6419581"/>
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        <balance>9616.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HEIWA REAL ESTATE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HEIWA REAL ESTATE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834800009"/>
          <other otherDesc="Internal" value="6419600"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HEIWADO CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HEIWADO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834400008"/>
          <other otherDesc="Internal" value="6419611"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>120157.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHIZUOKA GAS CO.,LTD.</name>
        <lei>353800FKNOC1V6FE8T28</lei>
        <title>SHIZUOKA GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351150002"/>
          <other otherDesc="Internal" value="6419956"/>
        </identifiers>
        <balance>7200.00000000</balance>
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        <valUSD>59270.98000000</valUSD>
        <pctVal>0.022594688848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAL Group Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>PAL GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3781650001"/>
          <other otherDesc="Internal" value="6421898"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
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        <valUSD>158898.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PILOT CORPORATION</name>
        <lei>353800AR8E9WFDU10092</lei>
        <title>PILOT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780610006"/>
          <other otherDesc="Internal" value="6425362"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>189622.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hioki EE Corp</name>
        <lei>N/A</lei>
        <title>HIOKI EE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3783200003"/>
          <other otherDesc="Internal" value="6428446"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>162636.49000000</valUSD>
        <pctVal>0.061998652408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIROSE ELECTRIC CO., LTD.</name>
        <lei>N/A</lei>
        <title>HIROSE ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3799000009"/>
          <other otherDesc="Internal" value="6428725"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>774657.46000000</valUSD>
        <pctVal>0.295307151536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kanadevia Corporation</name>
        <lei>5493006MPD0OCAMCE046</lei>
        <title>KANADEVIA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3789000001"/>
          <other otherDesc="Internal" value="6429308"/>
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        <balance>30900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>228179.91000000</valUSD>
        <pctVal>0.086984457956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maxell, Ltd.</name>
        <lei>N/A</lei>
        <title>MAXELL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3791800000"/>
          <other otherDesc="Internal" value="6429386"/>
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        <balance>6322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>103534.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hitachi Construction Machinery Co., Ltd.</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>HITACHI CONSTRUCTION MACHINERY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3787000003"/>
          <other otherDesc="Internal" value="6429405"/>
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        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>685287.46000000</valUSD>
        <pctVal>0.261238416004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Miyazaki Bank, Ltd.</name>
        <lei>353800S4OVI1UXARXE24</lei>
        <title>MIYAZAKI BANK LTD THE</title>
        <cusip>J45894102</cusip>
        <identifiers>
          <isin value="JP3908000007"/>
          <other otherDesc="Internal" value="6429687"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>198032.09000000</valUSD>
        <pctVal>0.075491808225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOCHIKI CORPORATION</name>
        <lei>N/A</lei>
        <title>HOCHIKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3837400005"/>
          <other otherDesc="Internal" value="6430065"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>87170.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hokkaido Electric Power Company, Incorporated</name>
        <lei>353800XDXIIZDHUO0J51</lei>
        <title>HOKKAIDO ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3850200001"/>
          <other otherDesc="Internal" value="6431325"/>
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        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Hokuetsu Corporation</name>
        <lei>N/A</lei>
        <title>HOKUETSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3841800000"/>
          <other otherDesc="Internal" value="6433105"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hokuriku Electric Power Company</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>HOKURIKU ELECTRIC POWER CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845400005"/>
          <other otherDesc="Internal" value="6433127"/>
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        <balance>31200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HORIBA, Ltd.</name>
        <lei>N/A</lei>
        <title>HORIBA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3853000002"/>
          <other otherDesc="Internal" value="6437947"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hosiden Corporation</name>
        <lei>353800IQGIGW1XT2JX97</lei>
        <title>HOSIDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845800006"/>
          <other otherDesc="Internal" value="6439813"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOUSE FOODS GROUP INC.</name>
        <lei>N/A</lei>
        <title>HOUSE FOODS GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765400001"/>
          <other otherDesc="Internal" value="6440503"/>
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        <balance>11700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIR WATER INC.</name>
        <lei>N/A</lei>
        <title>AIR WATER INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160670000"/>
          <other otherDesc="Internal" value="6441465"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EIZO Corporation</name>
        <lei>N/A</lei>
        <title>EIZO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651080008"/>
          <other otherDesc="Internal" value="6451817"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ITO EN,LTD.</name>
        <lei>N/A</lei>
        <title>ITO EN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3143000002"/>
          <other otherDesc="Internal" value="6455789"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ise Chemicals Corp</name>
        <lei>N/A</lei>
        <title>ISE CHEMICALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3139300002"/>
          <other otherDesc="Internal" value="6456016"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IINO KAIUN KAISHA, LTD.</name>
        <lei>353800VWL98SRNE0NX81</lei>
        <title>IINO KAIUN KAISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131200002"/>
          <other otherDesc="Internal" value="6457008"/>
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        <balance>12000.00000000</balance>
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        <valUSD>132843.48000000</valUSD>
        <pctVal>0.050641259788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPERIAL HOTEL, LTD.</name>
        <lei>N/A</lei>
        <title>IMPERIAL HOTEL LTD</title>
        <cusip>J23618101</cusip>
        <identifiers>
          <isin value="JP3542800002"/>
          <other otherDesc="Internal" value="6458700"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>44773.03000000</valUSD>
        <pctVal>0.017067925680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INABA DENKI SANGYO CO.,LTD.</name>
        <lei>N/A</lei>
        <title>INABA DENKI SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3146200005"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Inabata &amp; Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>INABATA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3146000009"/>
          <other otherDesc="Internal" value="6461601"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU ENEX CO., LTD.</name>
        <lei>549300WO21DGCU3JY132</lei>
        <title>ITOCHU ENEX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3144000001"/>
          <other otherDesc="Internal" value="6467825"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ITOKI CORPORATION</name>
        <lei>N/A</lei>
        <title>ITOKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3142700008"/>
          <other otherDesc="Internal" value="6468000"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Bank of Iwate, Ltd.</name>
        <lei>353800XFWTYT680L2359</lei>
        <title>BANK OF IWATE LTD THE</title>
        <cusip>J25510108</cusip>
        <identifiers>
          <isin value="JP3152400002"/>
          <other otherDesc="Internal" value="6468022"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IZUMI CO., LTD.</name>
        <lei>N/A</lei>
        <title>IZUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3138400001"/>
          <other otherDesc="Internal" value="6468152"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IWATANI CORPORATION</name>
        <lei>353800TSKIDNENNV2L96</lei>
        <title>IWATANI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3151600008"/>
          <other otherDesc="Internal" value="6468204"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JACCS CO., LTD.</name>
        <lei>N/A</lei>
        <title>JACCS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3388600003"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Pulp &amp; Paper Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JAPAN PULP PAPER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3694000005"/>
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        <balance>14400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Aviation Electronics Industry, Limited</name>
        <lei>353800OSHAMOO6TCTF61</lei>
        <title>JAPAN AVIATION ELECTRONICS INDUSTRY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3705600009"/>
          <other otherDesc="Internal" value="6470351"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORGANO CORPORATION</name>
        <lei>N/A</lei>
        <title>ORGANO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3201600008"/>
          <other otherDesc="Internal" value="6470522"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JEOL Ltd.</name>
        <lei>N/A</lei>
        <title>JEOL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3735000006"/>
          <other otherDesc="Internal" value="6470544"/>
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        <balance>7200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON SHOKUBAI CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON SHOKUBAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3715200006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE JAPAN STEEL WORKS,LTD.</name>
        <lei>N/A</lei>
        <title>JAPAN STEEL WORKS LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3721400004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE JAPAN WOOL TEXTILE CO., LTD.</name>
        <lei>N/A</lei>
        <title>JAPAN WOOL TEXTILE CO LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3700800000"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAPAN SECURITIES FINANCE CO., LTD.</name>
        <lei>3538000FYEWEUFDCS891</lei>
        <title>JAPAN SECURITIES FINANCE CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3714400003"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAFCO Group Co., Ltd.</name>
        <lei>353800R7EWCVA2488G32</lei>
        <title>JAFCO GROUP CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3389900006"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Airport Terminal Co.,Ltd.</name>
        <lei>353800W9WEQSGUY2EO26</lei>
        <title>JAPAN AIRPORT TERMINAL CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3699400002"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JGC HOLDINGS CORPORATION</name>
        <lei>5493003WMGG79YLARU68</lei>
        <title>JGC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3667600005"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KAGA ELECTRONICS CO.,LTD.</name>
        <lei>3538005V2HARHWLTPJ42</lei>
        <title>KAGA ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3206200002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KAGOME CO., LTD.</name>
        <lei>549300QC5KRGKXSZKO90</lei>
        <title>KAGOME CO LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>As One Corp</name>
        <lei>N/A</lei>
        <title>AS ONE CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3131300000"/>
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        <balance>12000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAKEN PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>KAKEN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3207000005"/>
          <other otherDesc="Internal" value="6481643"/>
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        <balance>4800.00000000</balance>
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        <valUSD>120272.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAMEDA SEIKA CO.,LTD.</name>
        <lei>3538008WA35ECYUGYB62</lei>
        <title>KAMEDA SEIKA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219800004"/>
          <other otherDesc="Internal" value="6482378"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>63954.93000000</valUSD>
        <pctVal>0.024380257314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kamigumi Co.,Ltd.</name>
        <lei>3538004KUWA3850MUC05</lei>
        <title>KAMIGUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <other otherDesc="Internal" value="6482668"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>440088.97000000</valUSD>
        <pctVal>0.167766305578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kanamoto Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KANAMOTO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3215200001"/>
          <other otherDesc="Internal" value="6482903"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>165631.90000000</valUSD>
        <pctVal>0.063140532581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KANEKA CORPORATION</name>
        <lei>N/A</lei>
        <title>KANEKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3215800008"/>
          <other otherDesc="Internal" value="6483360"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>280195.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KANEMATSU CORPORATION</name>
        <lei>353800N574WR0FX80I71</lei>
        <title>KANEMATSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3217100001"/>
          <other otherDesc="Internal" value="6483467"/>
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        <balance>30900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>434619.49000000</valUSD>
        <pctVal>0.165681285240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KANDENKO CO.,LTD.</name>
        <lei>35380080NSN7GCYZ3X14</lei>
        <title>KANDENKO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3230600003"/>
          <other otherDesc="Internal" value="6483586"/>
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        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>738715.02000000</valUSD>
        <pctVal>0.281605534856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KANSAI PAINT CO.,LTD.</name>
        <lei>549300ERRV6FTKH9NN70</lei>
        <title>KANSAI PAINT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3229400001"/>
          <other otherDesc="Internal" value="6483746"/>
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        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>475228.32000000</valUSD>
        <pctVal>0.181161776340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONWARD HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>ONWARD HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3203500008"/>
          <other otherDesc="Internal" value="6483821"/>
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        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>90248.81000000</valUSD>
        <pctVal>0.034403746671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KATO SANGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>KATO SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3213300001"/>
          <other otherDesc="Internal" value="6484181"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>200524.74000000</valUSD>
        <pctVal>0.076442031271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>K'S HOLDINGS CORPORATION</name>
        <lei>3538003LJ09YLR6NHG27</lei>
        <title>K S HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277150003"/>
          <other otherDesc="Internal" value="6484277"/>
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        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>263091.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KYB Corporation</name>
        <lei>353800TNYJJSI69KPE33</lei>
        <title>KYB CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3220200004"/>
          <other otherDesc="Internal" value="6485009"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>142894.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Konishi Co Ltd</name>
        <lei>N/A</lei>
        <title>KONISHI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3300800004"/>
          <other otherDesc="Internal" value="6485861"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>87267.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Keihanshin Building Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEIHANSHIN BUILDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3279000008"/>
          <other otherDesc="Internal" value="6487209"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>67341.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Keihan Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEIHAN HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3279400000"/>
          <other otherDesc="Internal" value="6487232"/>
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        <balance>16800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Keikyu Corporation</name>
        <lei>N/A</lei>
        <title>KEIKYU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3280200001"/>
          <other otherDesc="Internal" value="6487306"/>
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        <balance>36000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Keio Corporation</name>
        <lei>N/A</lei>
        <title>KEIO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277800003"/>
          <other otherDesc="Internal" value="6487362"/>
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        <balance>88800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Keisei Electric Railway Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEISEI ELECTRIC RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3278600006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kotobuki Spirits Co Ltd</name>
        <lei>N/A</lei>
        <title>KOTOBUKI SPIRITS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3299600001"/>
          <other otherDesc="Internal" value="6489465"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KYORITSU MAINTENANCE CO.,LTD.</name>
        <lei>353800IO2MFHL1NA0986</lei>
        <title>KYORITSU MAINTENANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <other otherDesc="Internal" value="6489603"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KINDEN CORPORATION</name>
        <lei>35380008T6JUN5TU9T34</lei>
        <title>KINDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <other otherDesc="Internal" value="6492924"/>
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        <balance>21600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kintetsu Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KINTETSU GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3260800002"/>
          <other otherDesc="Internal" value="6492968"/>
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        <balance>33600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KISSEI PHARMACEUTICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KISSEI PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3240600001"/>
          <other otherDesc="Internal" value="6494061"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>122862.98000000</valUSD>
        <pctVal>0.046836593625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KITZ CORPORATION</name>
        <lei>52990071D57KBWPS6S92</lei>
        <title>KITZ CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3240700009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>The Kiyo Bank, Ltd.</name>
        <lei>3538002347FGLMNPVY63</lei>
        <title>KIYO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3248000006"/>
          <other otherDesc="Internal" value="6494522"/>
        </identifiers>
        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kobe Steel, Ltd.</name>
        <lei>549300ZDCYYUPHEE5K87</lei>
        <title>KOBE STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3289800009"/>
          <other otherDesc="Internal" value="6496023"/>
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        <balance>72000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOMERI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KOMERI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305600003"/>
          <other otherDesc="Internal" value="6496250"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KOITO MANUFACTURING CO., LTD.</name>
        <lei>5299001FERC6CZM94C22</lei>
        <title>KOITO MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3284600008"/>
          <other otherDesc="Internal" value="6496324"/>
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        <balance>33600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOKUYO CO., LTD.</name>
        <lei>3538001EN1YX65H42410</lei>
        <title>KOKUYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3297000006"/>
          <other otherDesc="Internal" value="6496506"/>
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        <balance>60000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KONICA MINOLTA, INC.</name>
        <lei>549300SVK6KRUOL1A740</lei>
        <title>KONICA MINOLTA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3300600008"/>
          <other otherDesc="Internal" value="6496700"/>
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        <balance>84000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JTEKT Corporation</name>
        <lei>N/A</lei>
        <title>JTEKT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3292200007"/>
          <other otherDesc="Internal" value="6497082"/>
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        <balance>40800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kumagai Gumi Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KUMAGAI GUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3266800006"/>
          <other otherDesc="Internal" value="6497565"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KUMIAI CHEMICAL INDUSTRY Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KUMIAI CHEMICAL INDUSTRY CO LTD</title>
        <cusip>J36834117</cusip>
        <identifiers>
          <isin value="JP3267600009"/>
          <other otherDesc="Internal" value="6497606"/>
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        <balance>14449.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KURABO INDUSTRIES LTD.</name>
        <lei>N/A</lei>
        <title>KURABO INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268800004"/>
          <other otherDesc="Internal" value="6497651"/>
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        <balance>2400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KURARAY CO., LTD.</name>
        <lei>549300W9JPTOE739QZ31</lei>
        <title>KURARAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269600007"/>
          <other otherDesc="Internal" value="6497662"/>
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        <balance>50400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KUREHA CORPORATION</name>
        <lei>N/A</lei>
        <title>KUREHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3271600003"/>
          <other otherDesc="Internal" value="6497907"/>
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        <balance>4800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kurita Water Industries Ltd.</name>
        <lei>N/A</lei>
        <title>KURITA WATER INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3270000007"/>
          <other otherDesc="Internal" value="6497963"/>
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        <balance>19200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KYOKUTO KAIHATSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>KYOKUTO KAIHATSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3256900006"/>
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        <balance>4800.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EXEO Group, Inc.</name>
        <lei>N/A</lei>
        <title>EXEO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3254200003"/>
          <other otherDesc="Internal" value="6499420"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kyushu Electric Power Company, Incorporated</name>
        <lei>549300BYNZPLKQVQH430</lei>
        <title>KYUSHU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3246400000"/>
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        <balance>79200.00000000</balance>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRAFTIA CORPORATION</name>
        <lei>N/A</lei>
        <title>KRAFTIA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3247050002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KOHNAN SHOJI CO., LTD.</name>
        <lei>353800Z44MNXZ33L2N11</lei>
        <title>KOHNAN SHOJI CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3283750002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Sun Corp</name>
        <lei>N/A</lei>
        <title>SUN CORP</title>
        <cusip>J7287N108</cusip>
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          <isin value="JP3336450006"/>
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        <balance>2400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>EDION Corporation</name>
        <lei>353800697NBCW7EAHZ97</lei>
        <title>EDION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164470001"/>
          <other otherDesc="Internal" value="6512714"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan Metropolitan Fund Investment Corporation</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>JAPAN METROPOLITAN FUND INVEST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
          <other otherDesc="Internal" value="6513342"/>
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        <balance>1368.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFE CORPORATION</name>
        <lei>N/A</lei>
        <title>LIFE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966600003"/>
          <other otherDesc="Internal" value="6515821"/>
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        <balance>6200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>104827.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARATA CORPORATION</name>
        <lei>N/A</lei>
        <title>ARATA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3125100002"/>
          <other otherDesc="Internal" value="6517515"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
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        <valUSD>81829.87000000</valUSD>
        <pctVal>0.031194362757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lion Corporation</name>
        <lei>N/A</lei>
        <title>LION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3965400009"/>
          <other otherDesc="Internal" value="6518808"/>
        </identifiers>
        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>542561.46000000</valUSD>
        <pctVal>0.206829841006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIX JREIT Inc.</name>
        <lei>353800WVNTBIU65TA247</lei>
        <title>ORIX JREIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
          <other otherDesc="Internal" value="6527774"/>
        </identifiers>
        <balance>984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>599535.86000000</valUSD>
        <pctVal>0.228549050648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Prime Realty Investment Corporation</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>JAPAN PRIME REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <other otherDesc="Internal" value="6528175"/>
        </identifiers>
        <balance>648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>392228.67000000</valUSD>
        <pctVal>0.149521481776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Systena Corporation</name>
        <lei>N/A</lei>
        <title>SYSTENA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351050004"/>
          <other otherDesc="Internal" value="6537881"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>137735.92000000</valUSD>
        <pctVal>0.052506306722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALOWS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HALOWS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3773750009"/>
          <other otherDesc="Internal" value="6539702"/>
        </identifiers>
        <balance>1860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>47935.42000000</valUSD>
        <pctVal>0.018273460295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT UD REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>NTT UD REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3041770003"/>
          <other otherDesc="Internal" value="6543800"/>
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        <balance>264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>214854.31000000</valUSD>
        <pctVal>0.081904606303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NS Solutions Corporation</name>
        <lei>N/A</lei>
        <title>NS SOLUTIONS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3379900008"/>
          <other otherDesc="Internal" value="6544687"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>302917.68000000</valUSD>
        <pctVal>0.115475241445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aeon Hokkaido Corporation</name>
        <lei>N/A</lei>
        <title>AEON HOKKAIDO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3860270002"/>
          <other otherDesc="Internal" value="6544751"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>39090.26000000</valUSD>
        <pctVal>0.014901597066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12487.16638800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ALSOK CO., LTD.</name>
        <lei>N/A</lei>
        <title>ALSOK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3431900004"/>
          <other otherDesc="Internal" value="6546359"/>
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        <balance>62400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>475177.46000000</valUSD>
        <pctVal>0.181142388000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Inc.</name>
        <lei>N/A</lei>
        <title>ICHIGO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3120010008"/>
          <other otherDesc="Internal" value="6549767"/>
        </identifiers>
        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78458.11000000</valUSD>
        <pctVal>0.029909014210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MABUCHI MOTOR CO., LTD.</name>
        <lei>N/A</lei>
        <title>MABUCHI MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3870000001"/>
          <other otherDesc="Internal" value="6551030"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>369700.88000000</valUSD>
        <pctVal>0.140933663497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Makino Milling Machine Co., Ltd.</name>
        <lei>353800JAOIGQ7V5T9078</lei>
        <title>MAKINO MILLING MACHINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3862800004"/>
          <other otherDesc="Internal" value="6555708"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>460218.42000000</valUSD>
        <pctVal>0.175439852725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Takeuchi Mfg. Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TAKEUCHI MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3462660006"/>
          <other otherDesc="Internal" value="6565031"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>342038.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICRONICS JAPAN CO.,LTD.</name>
        <lei>353800FFW2OP7ZVXBO86</lei>
        <title>MICRONICS JAPAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3750400008"/>
          <other otherDesc="Internal" value="6567305"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>380976.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maruichi Steel Tube Ltd.</name>
        <lei>N/A</lei>
        <title>MARUICHI STEEL TUBE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3871200006"/>
          <other otherDesc="Internal" value="6569505"/>
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        <balance>31200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARUI GROUP CO.,LTD.</name>
        <lei>52990081ZYFHQZEEMU57</lei>
        <title>MARUI GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3870400003"/>
          <other otherDesc="Internal" value="6569527"/>
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        <balance>31200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maruzen Showa Unyu Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MARUZEN SHOWA UNYU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3876000005"/>
          <other otherDesc="Internal" value="6569624"/>
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        <balance>2400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATSUDA SANGYO Co.,Ltd.</name>
        <lei>3538005JX81V3H77VM68</lei>
        <title>MATSUDA SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3868500004"/>
          <other otherDesc="Internal" value="6570596"/>
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        <balance>2460.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARUWA CO., LTD.</name>
        <lei>3538009BXGIG8PFXNI29</lei>
        <title>MARUWA CO LTD AICHI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879250003"/>
          <other otherDesc="Internal" value="6570660"/>
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        <balance>1600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MATSUYA FOODS HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>MATSUYAFOODS HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869800007"/>
          <other otherDesc="Internal" value="6572989"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>80976.53000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAX CO., LTD.</name>
        <lei>N/A</lei>
        <title>MAX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3864800002"/>
          <other otherDesc="Internal" value="6574220"/>
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        <balance>16800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>194569.17000000</valUSD>
        <pctVal>0.074171708576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEIDENSHA CORPORATION</name>
        <lei>N/A</lei>
        <title>MEIDENSHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919800007"/>
          <other otherDesc="Internal" value="6575900"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>531073.03000000</valUSD>
        <pctVal>0.202450336884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEITEC Group Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MEITEC GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919200000"/>
          <other otherDesc="Internal" value="6576356"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>256926.72000000</valUSD>
        <pctVal>0.097943028699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Milbon Co Ltd</name>
        <lei>N/A</lei>
        <title>MILBON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910650005"/>
          <other otherDesc="Internal" value="6586117"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>99455.40000000</valUSD>
        <pctVal>0.037913390621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO ELECTRON DEVICE LIMITED</name>
        <lei>529900G8QP5OJYO5VU16</lei>
        <title>TOKYO ELECTRON DEVICE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3571600000"/>
          <other otherDesc="Internal" value="6588403"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>64016.07000000</valUSD>
        <pctVal>0.024403564491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIHON DENGI CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIHON DENGI CO LTD</title>
        <cusip>J50135102</cusip>
        <identifiers>
          <isin value="JP3734350006"/>
          <other otherDesc="Internal" value="6589729"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>105896.65000000</valUSD>
        <pctVal>0.040368859377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSUBURAYA FIELDS HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>TSUBURAYA FIELDS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3802680003"/>
          <other otherDesc="Internal" value="6591478"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>117616.23000000</valUSD>
        <pctVal>0.044836480185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Credit Saison Co.,Ltd.</name>
        <lei>529900SV58ZWTGRH3A66</lei>
        <title>CREDIT SAISON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3271400008"/>
          <other otherDesc="Internal" value="6591809"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>699236.33000000</valUSD>
        <pctVal>0.266555864398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sojitz Corporation</name>
        <lei>5493004SE33MRLPB1W98</lei>
        <title>SOJITZ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3663900003"/>
          <other otherDesc="Internal" value="6594143"/>
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        <balance>40800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1423965.52000000</valUSD>
        <pctVal>0.542829861339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MISUMI Group Inc.</name>
        <lei>N/A</lei>
        <title>MISUMI GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3885400006"/>
          <other otherDesc="Internal" value="6595179"/>
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        <balance>52800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1235306.46000000</valUSD>
        <pctVal>0.470911145653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITANI SEKISAN Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MITANI SEKISAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3887600009"/>
          <other otherDesc="Internal" value="6596291"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>63929.68000000</valUSD>
        <pctVal>0.024370631762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI PENCIL COMPANY,LIMITED</name>
        <lei>N/A</lei>
        <title>MITSUBISHI PENCIL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3895600009"/>
          <other otherDesc="Internal" value="6596763"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>142869.63000000</valUSD>
        <pctVal>0.054463328186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Logistics Corporation</name>
        <lei>N/A</lei>
        <title>MITSUBISHI LOGISTICS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902000003"/>
          <other otherDesc="Internal" value="6596848"/>
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        <balance>45600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>435169.83000000</valUSD>
        <pctVal>0.165891080338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MITSUBISHI GAS CHEMICAL COMPANY,INC.</name>
        <lei>529900G5O4J27ZPLJJ89</lei>
        <title>MITSUBISHI GAS CHEMICAL CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3896800004"/>
          <other otherDesc="Internal" value="6596923"/>
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        <balance>28800.00000000</balance>
        <units>NS</units>
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        <valUSD>709213.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsuboshi Belting Ltd</name>
        <lei>N/A</lei>
        <title>MITSUBOSHI BELTING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3904000001"/>
          <other otherDesc="Internal" value="6596989"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MITSUBISHI MATERIALS CORPORATION</name>
        <lei>35380076QOBOSOUBRT89</lei>
        <title>MITSUBISHI MATERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3903000002"/>
          <other otherDesc="Internal" value="6597089"/>
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        <balance>24000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsui Chemicals, Inc.</name>
        <lei>353800H2UB5ZEZRZQC02</lei>
        <title>MITSUI CHEMICALS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3888300005"/>
          <other otherDesc="Internal" value="6597368"/>
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        <balance>67200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MITSUI E&amp;S Co., Ltd.</name>
        <lei>5493007T2YKKWF2NYN82</lei>
        <title>MITSUI E S CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3891600003"/>
          <other otherDesc="Internal" value="6597380"/>
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        <balance>19200.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsui High-tec, Inc.</name>
        <lei>N/A</lei>
        <title>MITSUI HIGH TEC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3892400007"/>
          <other otherDesc="Internal" value="6597432"/>
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        <balance>16900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsui DM Sugar Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUI DM SUGAR CO LTD</title>
        <cusip>J4517A105</cusip>
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          <isin value="JP3890400009"/>
          <other otherDesc="Internal" value="6597562"/>
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        <balance>2400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUI-SOKO HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUI SOKO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3891200002"/>
          <other otherDesc="Internal" value="6597647"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsuuroko Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUUROKO GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3894400005"/>
          <other otherDesc="Internal" value="6597681"/>
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        <balance>4800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIURA CO., LTD.</name>
        <lei>3538005VS7UNWU9PHX56</lei>
        <title>MIURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3880800002"/>
          <other otherDesc="Internal" value="6597777"/>
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        <balance>16800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>336469.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIZUNO CORPORATION</name>
        <lei>353800HVH84K5YH37819</lei>
        <title>MIZUNO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3905200006"/>
          <other otherDesc="Internal" value="6597960"/>
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        <balance>9600.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Mochida Pharmaceutical Co., Ltd.</name>
        <lei>3538008YGVRYRM8B7Q95</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922800002"/>
          <other otherDesc="Internal" value="6598004"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEOPALACE21 CORPORATION</name>
        <lei>N/A</lei>
        <title>LEOPALACE21 CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3167500002"/>
          <other otherDesc="Internal" value="6598424"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUBISHI MOTORS CORPORATION</name>
        <lei>5299006ZTN6MO1N5BR16</lei>
        <title>MITSUBISHI MOTORS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3899800001"/>
          <other otherDesc="Internal" value="6598446"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ULVAC,Inc.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126190002"/>
          <other otherDesc="Internal" value="6599483"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DMG MORI CO., LTD.</name>
        <lei>353800P4I3FIXTQV2E13</lei>
        <title>DMG MORI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3924800000"/>
          <other otherDesc="Internal" value="6602563"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morinaga &amp; Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MORINAGA CO LTD JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3926400007"/>
          <other otherDesc="Internal" value="6602604"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morinaga Milk Industry Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MORINAGA MILK INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3926800008"/>
          <other otherDesc="Internal" value="6602648"/>
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        <balance>57600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MORITA HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>MORITA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3925600003"/>
          <other otherDesc="Internal" value="6602745"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wacom Co Ltd</name>
        <lei>353800R3B771OQOQPT02</lei>
        <title>WACOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3993400005"/>
          <other otherDesc="Internal" value="6603920"/>
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        <balance>21600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOS FOOD SERVICES, INC.</name>
        <lei>N/A</lei>
        <title>MOS FOOD SERVICES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922400001"/>
          <other otherDesc="Internal" value="6605830"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Musashino Bank, Ltd.</name>
        <lei>353800L8RJMVN2OOS612</lei>
        <title>MUSASHINO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3912800004"/>
          <other otherDesc="Internal" value="6611440"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEIKO EPSON CORPORATION</name>
        <lei>549300NIOFQDR749W206</lei>
        <title>SEIKO EPSON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3414750004"/>
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        <balance>52800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nojima Corporation</name>
        <lei>529900A7R8ZWEKF4O165</lei>
        <title>NOJIMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3761600000"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NGK Corporation</name>
        <lei>353800701BNCL25VYY16</lei>
        <title>NGK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695200000"/>
          <other otherDesc="Internal" value="6619507"/>
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        <balance>40800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Niterra Co., Ltd.</name>
        <lei>549300RG3XQGTFM4HH31</lei>
        <title>NITERRA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3738600000"/>
          <other otherDesc="Internal" value="6619604"/>
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        <balance>28800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NHK SPRING CO., LTD.</name>
        <lei>35380033IJ3XRDV8VH57</lei>
        <title>NHK SPRING CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3742600004"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NAGASE &amp; CO., LTD.</name>
        <lei>353800VMIQIB0LSK1Q36</lei>
        <title>NAGASE CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3647800006"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nagoya Railroad Co., Ltd.</name>
        <lei>353800P62OOYUY3I8T51</lei>
        <title>NAGOYA RAILROAD CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3649800004"/>
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        <balance>36000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NACHI-FUJIKOSHI CORP.</name>
        <lei>353800VMZ8DPGXDO5U37</lei>
        <title>NACHI FUJIKOSHI CORP</title>
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          <isin value="JP3813200007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Bank of Nagoya, Ltd.</name>
        <lei>353800P9H4582TP8FA91</lei>
        <title>BANK OF NAGOYA LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3648800005"/>
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        <balance>7200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAGAWA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NAGAWA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3648700007"/>
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        <balance>1495.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRUSCO NAKAYAMA CORPORATION</name>
        <lei>N/A</lei>
        <title>TRUSCO NAKAYAMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635500006"/>
          <other otherDesc="Internal" value="6620888"/>
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        <balance>9600.00000000</balance>
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        <valUSD>145544.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Namura Shipbuilding Co.,Ltd.</name>
        <lei>353800L4EGBFKO3C4X44</lei>
        <title>NAMURA SHIPBUILDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651400008"/>
          <other otherDesc="Internal" value="6621063"/>
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        <balance>9600.00000000</balance>
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        <valUSD>288892.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NANKAI Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NANKAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3653000004"/>
          <other otherDesc="Internal" value="6621472"/>
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        <balance>16800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Nanto Bank, Ltd.</name>
        <lei>353800923E4YW3IDES52</lei>
        <title>NANTO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3653400006"/>
          <other otherDesc="Internal" value="6621524"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MODEC, INC.</name>
        <lei>N/A</lei>
        <title>MODEC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3888250002"/>
          <other otherDesc="Internal" value="6622806"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NISHIO HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>NISHIO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3657500009"/>
          <other otherDesc="Internal" value="6638320"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.026545015342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NICHIHA CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3662200009"/>
          <other otherDesc="Internal" value="6638331"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NICHICON CORPORATION</name>
        <lei>353800QK5U8ET4YJHF28</lei>
        <title>NICHICON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3661800007"/>
          <other otherDesc="Internal" value="6638546"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIFCO INC.</name>
        <lei>353800JMDOH68J9I5140</lei>
        <title>NIFCO INC JAPAN</title>
        <cusip>654101104</cusip>
        <identifiers>
          <isin value="JP3756200006"/>
          <other otherDesc="Internal" value="6639163"/>
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        <balance>12000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>396484.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NSD CO., LTD.</name>
        <lei>N/A</lei>
        <title>NSD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3712600000"/>
          <other otherDesc="Internal" value="6639602"/>
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        <balance>12000.00000000</balance>
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        <valUSD>222455.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIKKISO CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIKKISO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3668000007"/>
          <other otherDesc="Internal" value="6639947"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>168535.91000000</valUSD>
        <pctVal>0.064247570163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIHON KOHDEN CORPORATION</name>
        <lei>N/A</lei>
        <title>NIHON KOHDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3706800004"/>
          <other otherDesc="Internal" value="6639970"/>
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        <balance>28800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>271328.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIPPON GAS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695600001"/>
          <other otherDesc="Internal" value="6640068"/>
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        <balance>19200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>366705.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIPPON DENSETSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON DENSETSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3736200001"/>
          <other otherDesc="Internal" value="6640325"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>177719.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON KAYAKU CO.,LTD.</name>
        <lei>353800Q5TI7AHIV62Z22</lei>
        <title>NIPPON KAYAKU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3694400007"/>
          <other otherDesc="Internal" value="6640422"/>
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        <balance>24000.00000000</balance>
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        <valUSD>313301.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NOF CORPORATION</name>
        <lei>N/A</lei>
        <title>NOF CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3753400005"/>
          <other otherDesc="Internal" value="6640488"/>
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        <balance>36000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIHON PARKERIZING CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIHON PARKERIZING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3744600002"/>
          <other otherDesc="Internal" value="6640529"/>
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        <balance>14400.00000000</balance>
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        <valUSD>157879.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Shinyaku Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON SHINYAKU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3717600005"/>
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        <balance>9600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Soda Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON SODA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3726200003"/>
          <other otherDesc="Internal" value="6640585"/>
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        <balance>7200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPN CORPORATION</name>
        <lei>353800V7HRZ1HQGJCW63</lei>
        <title>NIPPN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3723000000"/>
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        <balance>9600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NH Foods Ltd.</name>
        <lei>353800NLDBIOUQILWU82</lei>
        <title>NH FOODS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3743000006"/>
          <other otherDesc="Internal" value="6640767"/>
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        <balance>14400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NICHIREI CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIREI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3665200006"/>
          <other otherDesc="Internal" value="6640864"/>
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        <balance>38400.00000000</balance>
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        <valUSD>518777.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissui Corporation</name>
        <lei>N/A</lei>
        <title>NISSUI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3718800000"/>
          <other otherDesc="Internal" value="6640927"/>
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        <balance>52800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>420751.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NISSHIN SEIFUN GROUP INC.</name>
        <lei>N/A</lei>
        <title>NISSHIN SEIFUN GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3676800000"/>
          <other otherDesc="Internal" value="6640961"/>
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        <balance>38400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nishimatsu Construction Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NISHIMATSU CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659200004"/>
          <other otherDesc="Internal" value="6640983"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nittetsu Mining Co., Ltd.</name>
        <lei>213800HBRWZK44PCU381</lei>
        <title>NITTETSU MINING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3680800004"/>
          <other otherDesc="Internal" value="6641027"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Nisshin OilliO Group,Ltd.</name>
        <lei>549300DMFXTY70ZEGQ59</lei>
        <title>NISSHIN OILLIO GROUP LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3677200002"/>
          <other otherDesc="Internal" value="6641049"/>
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        <balance>14400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NITTO BOSEKI CO., LTD.</name>
        <lei>3538005B13YMJ9BWQO82</lei>
        <title>NITTO BOSEKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3684400009"/>
          <other otherDesc="Internal" value="6641083"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PILLAR Corporation</name>
        <lei>N/A</lei>
        <title>PILLAR CORP JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3747800005"/>
          <other otherDesc="Internal" value="6641135"/>
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        <balance>2400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NICHIAS CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIAS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3660400007"/>
          <other otherDesc="Internal" value="6641146"/>
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        <balance>31200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>675060.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORITAKE CO., LIMITED</name>
        <lei>N/A</lei>
        <title>NORITAKE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3763000001"/>
          <other otherDesc="Internal" value="6641522"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>165565.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NSK Ltd.</name>
        <lei>353800FVQK6SULSPBC69</lei>
        <title>NSK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3720800006"/>
          <other otherDesc="Internal" value="6641544"/>
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        <balance>69600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>479718.88000000</valUSD>
        <pctVal>0.182873622608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nissan Chemical Corporation</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>NISSAN CHEMICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
          <other otherDesc="Internal" value="6641588"/>
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        <balance>24000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1229740.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NIPRO CORPORATION</name>
        <lei>353800AKDDNW0E810O26</lei>
        <title>NIPRO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3673600007"/>
          <other otherDesc="Internal" value="6641599"/>
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        <balance>28800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NISSIN FOODS HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NISSIN FOODS HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3675600005"/>
          <other otherDesc="Internal" value="6641760"/>
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        <balance>33600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIKKON Holdings Co.,Ltd.</name>
        <lei>3538005QJ1M73DPIMH49</lei>
        <title>NIKKON HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3709600005"/>
          <other otherDesc="Internal" value="6642202"/>
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        <balance>19200.00000000</balance>
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        <valUSD>661074.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NIKON CORPORATION</name>
        <lei>N/A</lei>
        <title>NIKON CORP</title>
        <cusip>654111103</cusip>
        <identifiers>
          <isin value="JP3657400002"/>
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        <balance>40800.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YAMAHA CORPORATION</name>
        <lei>N/A</lei>
        <title>YAMAHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3942600002"/>
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        <balance>72000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOK CORPORATION</name>
        <lei>N/A</lei>
        <title>NOK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164800009"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON SEIKI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON SEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3720600000"/>
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        <balance>6700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Electric Glass Co., Ltd.</name>
        <lei>529900NCIGSAX4V03234</lei>
        <title>NIPPON ELECTRIC GLASS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3733400000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIPROGY Inc.</name>
        <lei>N/A</lei>
        <title>BIPROGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3754200008"/>
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        <balance>14400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NISSAN SHATAI CO., LTD.</name>
        <lei>N/A</lei>
        <title>NISSAN SHATAI CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3672000001"/>
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        <balance>12000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nisshinbo Holdings Inc.</name>
        <lei>353800YAM89GL5GPHB47</lei>
        <title>NISSHINBO HOLDINGS INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3678000005"/>
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        <balance>26400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nishi-Nippon Railroad Co., Ltd.</name>
        <lei>353800IYLMHYH4972387</lei>
        <title>NISHI NIPPON RAILROAD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3658800002"/>
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        <balance>12000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NITTO KOGYO CORPORATION</name>
        <lei>N/A</lei>
        <title>NITTO KOGYO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3682400001"/>
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        <balance>4800.00000000</balance>
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        <valUSD>132642.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOHMI BOSAI LTD.</name>
        <lei>353800GLN5G6LQ5TQ132</lei>
        <title>NOHMI BOSAI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759800000"/>
          <other otherDesc="Internal" value="6643681"/>
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        <balance>4800.00000000</balance>
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        <valUSD>128237.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORITZ CORPORATION</name>
        <lei>N/A</lei>
        <title>NORITZ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759400009"/>
          <other otherDesc="Internal" value="6643896"/>
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        <balance>4800.00000000</balance>
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        <valUSD>72459.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZEON CORPORATION</name>
        <lei>N/A</lei>
        <title>ZEON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3725400000"/>
          <other otherDesc="Internal" value="6644015"/>
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        <balance>24000.00000000</balance>
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        <valUSD>375960.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Television Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>NIPPON TELEVISION HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3732200005"/>
          <other otherDesc="Internal" value="6644060"/>
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        <balance>9600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>182389.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOMURA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOMURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762400004"/>
          <other otherDesc="Internal" value="6646237"/>
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        <balance>14400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>114007.13000000</valUSD>
        <pctVal>0.043460655261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nitta Corporation</name>
        <lei>N/A</lei>
        <title>NITTA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3679850002"/>
          <other otherDesc="Internal" value="6646680"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>100909.89000000</valUSD>
        <pctVal>0.038467856719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noritsu Koki Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NORITSU KOKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759500006"/>
          <other otherDesc="Internal" value="6648783"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>126373.02000000</valUSD>
        <pctVal>0.048174655888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NTN CORPORATION</name>
        <lei>3538008XP7ZG9BKBQX64</lei>
        <title>NTN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3165600002"/>
          <other otherDesc="Internal" value="6651189"/>
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        <balance>91200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>212644.14000000</valUSD>
        <pctVal>0.081062067451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSG Corporation</name>
        <lei>353800IWJAOVAFO6X450</lei>
        <title>OSG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3170800001"/>
          <other otherDesc="Internal" value="6655620"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>277545.53000000</valUSD>
        <pctVal>0.105803124759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Odakyu Electric Railway Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>ODAKYU ELECTRIC RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3196000008"/>
          <other otherDesc="Internal" value="6656106"/>
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        <balance>60000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>668928.03000000</valUSD>
        <pctVal>0.255002038090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Ogaki Kyoritsu Bank, Ltd.</name>
        <lei>549300M5X5T6C27W3H96</lei>
        <title>OGAKI KYORITSU BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3176000002"/>
          <other otherDesc="Internal" value="6656485"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>369280.59000000</valUSD>
        <pctVal>0.140773444756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OITA BANK, LTD.</name>
        <lei>35380074A4QB6YEFB933</lei>
        <title>OITA BANK LTD THE</title>
        <cusip>J60256104</cusip>
        <identifiers>
          <isin value="JP3175200009"/>
          <other otherDesc="Internal" value="6657541"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
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        <valUSD>229650.35000000</valUSD>
        <pctVal>0.087545004353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oki Electric Industry Company, Limited</name>
        <lei>N/A</lei>
        <title>OKI ELECTRIC INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3194000000"/>
          <other otherDesc="Internal" value="6657682"/>
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        <balance>16800.00000000</balance>
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        <valUSD>300202.57000000</valUSD>
        <pctVal>0.114440214428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oji Holdings Corporation</name>
        <lei>529900LVC9GIIYUGE243</lei>
        <title>OJI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3174410005"/>
          <other otherDesc="Internal" value="6657701"/>
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        <balance>134400.00000000</balance>
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        <valUSD>741840.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OKAMOTO INDUSTRIES,INC.</name>
        <lei>N/A</lei>
        <title>OKAMOTO INDUSTRIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3192800005"/>
          <other otherDesc="Internal" value="6657767"/>
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        <balance>2400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OKUMA Corporation</name>
        <lei>N/A</lei>
        <title>OKUMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3172100004"/>
          <other otherDesc="Internal" value="6657789"/>
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        <balance>7200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKUMURA CORPORATION</name>
        <lei>N/A</lei>
        <title>OKUMURA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3194800003"/>
          <other otherDesc="Internal" value="6657808"/>
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        <balance>4800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKAMURA CORPORATION</name>
        <lei>N/A</lei>
        <title>OKAMURA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3192400004"/>
          <other otherDesc="Internal" value="6657842"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKASAN SECURITIES GROUP INC.</name>
        <lei>N/A</lei>
        <title>OKASAN SECURITIES GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3190800007"/>
          <other otherDesc="Internal" value="6657949"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMRON Corporation</name>
        <lei>549300ZHW0TR2QZ0NY83</lei>
        <title>OMRON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197800000"/>
          <other otherDesc="Internal" value="6659428"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Hyakugo Bank, Ltd.</name>
        <lei>549300BYCCERC5EKUX15</lei>
        <title>HYAKUGO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3793800008"/>
          <other otherDesc="Internal" value="6659666"/>
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        <balance>36000.00000000</balance>
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        <valUSD>549141.43000000</valUSD>
        <pctVal>0.209338191210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Hyakujushi Bank, Ltd.</name>
        <lei>5493009ZQOZS8JYRQN62</lei>
        <title>HYAKUJUSHI BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3794200000"/>
          <other otherDesc="Internal" value="6659707"/>
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        <balance>16800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>327641.45000000</valUSD>
        <pctVal>0.124900189207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONO PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>ONO PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197600004"/>
          <other otherDesc="Internal" value="6660107"/>
        </identifiers>
        <balance>72000.00000000</balance>
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        <valUSD>1105053.73000000</valUSD>
        <pctVal>0.421257505609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIHEIYO CEMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>TAIHEIYO CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3449020001"/>
          <other otherDesc="Internal" value="6660204"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>570789.33000000</valUSD>
        <pctVal>0.217590586644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OHSHO FOOD SERVICE CORP.</name>
        <lei>N/A</lei>
        <title>OHSHO FOOD SERVICE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3174300008"/>
          <other otherDesc="Internal" value="6660936"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>133453.52000000</valUSD>
        <pctVal>0.050873813122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orient Corporation</name>
        <lei>N/A</lei>
        <title>ORIENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3199000005"/>
          <other otherDesc="Internal" value="6661122"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>116988.56000000</valUSD>
        <pctVal>0.044597206119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAI-DAN CO., LTD.</name>
        <lei>N/A</lei>
        <title>DAI DAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3486000007"/>
          <other otherDesc="Internal" value="6661735"/>
        </identifiers>
        <balance>16500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>282574.92000000</valUSD>
        <pctVal>0.107720378399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OSAKA SODA CO., LTD.</name>
        <lei>N/A</lei>
        <title>OSAKA SODA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3485900009"/>
          <other otherDesc="Internal" value="6661780"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>188890.47000000</valUSD>
        <pctVal>0.072006931487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIHEN Corporation</name>
        <lei>353800VGTLA3QRNG5478</lei>
        <title>DAIHEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3497800007"/>
          <other otherDesc="Internal" value="6661843"/>
        </identifiers>
        <balance>3400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>271351.92000000</valUSD>
        <pctVal>0.103442058841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PS Construction Co., Ltd.</name>
        <lei>N/A</lei>
        <title>PS CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3801400007"/>
          <other otherDesc="Internal" value="6665629"/>
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        <balance>2100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>30041.42000000</valUSD>
        <pctVal>0.011452088989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARK24 Co., Ltd.</name>
        <lei>549300LFG2WZWCWM4M68</lei>
        <title>PARK24 CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780100008"/>
          <other otherDesc="Internal" value="6667733"/>
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        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>300917.78000000</valUSD>
        <pctVal>0.114712859614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Century Corporation</name>
        <lei>35380096ZLHOF84DXR74</lei>
        <title>TOKYO CENTURY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3424950008"/>
          <other otherDesc="Internal" value="6679794"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>444103.81000000</valUSD>
        <pctVal>0.169296802638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seria Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SERIA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423520000"/>
          <other otherDesc="Internal" value="6680718"/>
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        <balance>9300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>257328.45000000</valUSD>
        <pctVal>0.098096172182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENTA-OCEAN CONSTRUCTION CO.,LTD.</name>
        <lei>N/A</lei>
        <title>PENTA OCEAN CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3309000002"/>
          <other otherDesc="Internal" value="6680804"/>
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        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>434453.06000000</valUSD>
        <pctVal>0.165617840464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hokuhoku Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>HOKUHOKU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3842400008"/>
          <other otherDesc="Internal" value="6683591"/>
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        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1001957.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYU REIT, Inc.</name>
        <lei>N/A</lei>
        <title>TOKYU REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <other otherDesc="Internal" value="6687203"/>
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        <balance>144.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alfresa Holdings Corporation</name>
        <lei>N/A</lei>
        <title>ALFRESA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126340003"/>
          <other otherDesc="Internal" value="6687214"/>
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        <balance>31200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMSYS Holdings Corporation</name>
        <lei>N/A</lei>
        <title>COMSYS HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305530002"/>
          <other otherDesc="Internal" value="6687247"/>
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        <balance>19200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nabtesco Corporation</name>
        <lei>N/A</lei>
        <title>NABTESCO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <other otherDesc="Internal" value="6687571"/>
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        <balance>21600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HAZAMA ANDO CORPORATION</name>
        <lei>N/A</lei>
        <title>HAZAMA ANDO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3767810009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PIGEON CORPORATION</name>
        <lei>2549006T3HT0TI9IRV62</lei>
        <title>PIGEON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3801600002"/>
          <other otherDesc="Internal" value="6688080"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYU CONSTRUCTION CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYU CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3567410000"/>
          <other otherDesc="Internal" value="6689351"/>
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        <balance>14940.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kakaku.com, Inc.</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>KAKAKU COM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
          <other otherDesc="Internal" value="6689533"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Global One Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>GLOBAL ONE REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <other otherDesc="Internal" value="6693608"/>
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        <balance>201.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>140922.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prima Meat Packers, Ltd.</name>
        <lei>353800FLEUUL20RKCU14</lei>
        <title>PRIMA MEAT PACKERS LTD</title>
        <cusip>J64040132</cusip>
        <identifiers>
          <isin value="JP3833200003"/>
          <other otherDesc="Internal" value="6703400"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>73667.37000000</valUSD>
        <pctVal>0.028082736330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Petroleum Exploration Co., Ltd.</name>
        <lei>549300WXUNBZ356DMN17</lei>
        <title>JAPAN PETROLEUM EXPLORATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3421100003"/>
          <other otherDesc="Internal" value="6711696"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>344756.86000000</valUSD>
        <pctVal>0.131424754238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBS Holdings,Inc.</name>
        <lei>N/A</lei>
        <title>SBS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3163500006"/>
          <other otherDesc="Internal" value="6713227"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78416.80000000</valUSD>
        <pctVal>0.029893266425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>dip Corporation</name>
        <lei>N/A</lei>
        <title>DIP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548640006"/>
          <other otherDesc="Internal" value="6714071"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>83017.97000000</valUSD>
        <pctVal>0.031647278330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="74946.77847200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kewpie Corporation</name>
        <lei>N/A</lei>
        <title>KEWPIE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3244800003"/>
          <other otherDesc="Internal" value="6714509"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>573055.40000000</valUSD>
        <pctVal>0.218454435134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOCALO Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>TOCALO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552290003"/>
          <other otherDesc="Internal" value="6714974"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>165486.76000000</valUSD>
        <pctVal>0.063085203765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAITO KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>RAITO KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3965800000"/>
          <other otherDesc="Internal" value="6721004"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>172387.55000000</valUSD>
        <pctVal>0.065715853754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCS COMPANY,LIMITED</name>
        <lei>N/A</lei>
        <title>ARCS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3968600001"/>
          <other otherDesc="Internal" value="6721930"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>168788.73000000</valUSD>
        <pctVal>0.064343947669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Urban Investment Corporation</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>UNITED URBAN INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <other otherDesc="Internal" value="6723839"/>
        </identifiers>
        <balance>552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>555316.55000000</valUSD>
        <pctVal>0.211692208555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RICOH LEASING COMPANY,LTD.</name>
        <lei>N/A</lei>
        <title>RICOH LEASING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3974100004"/>
          <other otherDesc="Internal" value="6729116"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102909.84000000</valUSD>
        <pctVal>0.039230257610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORI TRUST REIT, Inc.</name>
        <lei>N/A</lei>
        <title>MORI TRUST REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046170001"/>
          <other otherDesc="Internal" value="6729558"/>
        </identifiers>
        <balance>480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>217068.90000000</valUSD>
        <pctVal>0.082748830103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rengo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>RENGO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3981400009"/>
          <other otherDesc="Internal" value="6732200"/>
        </identifiers>
        <balance>35700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>363487.39000000</valUSD>
        <pctVal>0.138565019125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOSEI CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSEI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595070008"/>
          <other otherDesc="Internal" value="6735823"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>137679.66000000</valUSD>
        <pctVal>0.052484859849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RICOH COMPANY,LTD.</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>RICOH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3973400009"/>
          <other otherDesc="Internal" value="6738220"/>
        </identifiers>
        <balance>98400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1040632.80000000</valUSD>
        <pctVal>0.396699604446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIKEN KEIKI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>RIKEN KEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3971000009"/>
          <other otherDesc="Internal" value="6739847"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102760.56000000</valUSD>
        <pctVal>0.039173350585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RINNAI CORPORATION</name>
        <lei>N/A</lei>
        <title>RINNAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3977400005"/>
          <other otherDesc="Internal" value="6740582"/>
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        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>435318.79000000</valUSD>
        <pctVal>0.165947865376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Yuasa Corporation</name>
        <lei>N/A</lei>
        <title>GS YUASA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3385820000"/>
          <other otherDesc="Internal" value="6744250"/>
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        <balance>14400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>478294.69000000</valUSD>
        <pctVal>0.182330707173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROHM COMPANY LIMITED</name>
        <lei>5493009V2FGDEP7JFE59</lei>
        <title>ROHM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982800009"/>
          <other otherDesc="Internal" value="6747204"/>
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        <balance>60000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROHTO PHARMACEUTICAL CO.,LTD.</name>
        <lei>353800Q1CW5OS81OUM12</lei>
        <title>ROHTO PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982400008"/>
          <other otherDesc="Internal" value="6747367"/>
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        <balance>35700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>683986.87000000</valUSD>
        <pctVal>0.260742618122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Roland Corporation</name>
        <lei>529900GYAB2BWXGR1S20</lei>
        <title>ROLAND CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3983400007"/>
          <other otherDesc="Internal" value="6747516"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>57934.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YELLOW HAT LTD.</name>
        <lei>N/A</lei>
        <title>YELLOW HAT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131350005"/>
          <other otherDesc="Internal" value="6753591"/>
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        <balance>12000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>132357.12000000</valUSD>
        <pctVal>0.050455854504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROYAL HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ROYAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3983600002"/>
          <other otherDesc="Internal" value="6754583"/>
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        <balance>11700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>100840.58000000</valUSD>
        <pctVal>0.038441435055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="64598.30317000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sotetsu Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SOTETSU HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3316400005"/>
          <other otherDesc="Internal" value="6767202"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>355593.41000000</valUSD>
        <pctVal>0.135555755200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sakai Moving Service Co Ltd</name>
        <lei>N/A</lei>
        <title>SAKAI MOVING SERVICE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3314200001"/>
          <other otherDesc="Internal" value="6768432"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
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        <valUSD>89835.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sakata Seed Corp</name>
        <lei>N/A</lei>
        <title>SAKATA SEED CORP</title>
        <cusip>J66704107</cusip>
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          <isin value="JP3315000004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAKATA INX CORPORATION</name>
        <lei>N/A</lei>
        <title>SAKATA INX CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3314800008"/>
          <other otherDesc="Internal" value="6769833"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN-AI OBBLI CO., LTD.</name>
        <lei>N/A</lei>
        <title>SAN AI OBBLI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323600001"/>
          <other otherDesc="Internal" value="6772808"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The San-in Godo Bank,Ltd.</name>
        <lei>353800I3C5900CEME762</lei>
        <title>SAN IN GODO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3324000003"/>
          <other otherDesc="Internal" value="6772853"/>
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        <balance>26400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sangetsu Corporation</name>
        <lei>N/A</lei>
        <title>SANGETSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3330000005"/>
          <other otherDesc="Internal" value="6774655"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sanken Electric Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SANKEN ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3329600005"/>
          <other otherDesc="Internal" value="6774785"/>
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        <balance>4800.00000000</balance>
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        <valUSD>218274.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sanki Engineering Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SANKI ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3325600009"/>
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        <balance>19200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RAIZNEXT Corporation</name>
        <lei>N/A</lei>
        <title>RAIZNEXT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3331600001"/>
          <other otherDesc="Internal" value="6774989"/>
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        <balance>4800.00000000</balance>
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        <valUSD>92223.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANKYU INC.</name>
        <lei>N/A</lei>
        <title>SANKYU INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3326000001"/>
          <other otherDesc="Internal" value="6775380"/>
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        <balance>7800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANKYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>SANKYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3326410002"/>
          <other otherDesc="Internal" value="6775432"/>
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        <balance>31200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTEN PHARMACEUTICAL CO., LTD.</name>
        <lei>529900TPT3I7C17MIM03</lei>
        <title>SANTEN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336000009"/>
          <other otherDesc="Internal" value="6776606"/>
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        <balance>55200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sanwa Holdings Corporation</name>
        <lei>N/A</lei>
        <title>SANWA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3344400001"/>
          <other otherDesc="Internal" value="6776781"/>
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        <balance>33600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANYO CHEMICAL INDUSTRIES, LTD.</name>
        <lei>529900STCFY6RXOR2I79</lei>
        <title>SANYO CHEMICAL INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3337600005"/>
          <other otherDesc="Internal" value="6776800"/>
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        <balance>2400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sapporo Breweries Ltd.</name>
        <lei>353800ITDYV3AD2X5M34</lei>
        <title>SAPPORO BREWERIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3320800000"/>
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        <balance>57700.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANYO DENKI CO., LTD.</name>
        <lei>N/A</lei>
        <title>SANYO DENKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3340800006"/>
          <other otherDesc="Internal" value="6776974"/>
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        <balance>4800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEDIPAL HOLDINGS CORPORATION</name>
        <lei>353800PJDODZEA4NP730</lei>
        <title>MEDIPAL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268950007"/>
          <other otherDesc="Internal" value="6782090"/>
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        <balance>36000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEINO HOLDINGS CO., LTD.</name>
        <lei>3538001D12EPCPYTTF24</lei>
        <title>SEINO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3415400005"/>
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        <balance>16800.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SEIREN CO.,LTD.</name>
        <lei>353800O8K6NWOIT8Q636</lei>
        <title>SEIREN CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3413800008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sekisui Chemical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SEKISUI CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3419400001"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SENKO Group Holdings Co.,Ltd.</name>
        <lei>35380077MB9W0NB6BA14</lei>
        <title>SENKO GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3423800006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SENSHU ELECTRIC CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SENSHU ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3424400004"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sharp Corporation</name>
        <lei>353800YEPK9PD7QO3449</lei>
        <title>SHARP CORP JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3359600008"/>
          <other otherDesc="Internal" value="6800602"/>
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        <balance>38400.00000000</balance>
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        <valUSD>159029.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>SHINNIHON CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHIMAMURA CO., Ltd.</name>
        <lei>N/A</lei>
        <title>SHIMAMURA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3358200008"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The 77 Bank, Ltd.</name>
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        <title>77 BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3352000008"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHIBAURA MECHATRONICS CORPORATION</name>
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        <title>SHIBAURA MECHATRONICS CORP</title>
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          <isin value="JP3355000005"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHIBUYA CORPORATION</name>
        <lei>N/A</lei>
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          <isin value="JP3356000004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE SHIGA BANK, LTD.</name>
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        <title>SHIGA BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3347600003"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHIKOKU KASEI HOLDINGS CORPORATION</name>
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          <isin value="JP3349600001"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shikoku Electric Power Company, Incorporated</name>
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          <isin value="JP3350800003"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shimadzu Corporation</name>
        <lei>353800Y64Z08WEH8PH97</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3357200009"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHINAGAWA REFRA CO., LTD.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3353200003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ShinMaywa Industries, Ltd.</name>
        <lei>N/A</lei>
        <title>SHINMAYWA INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3384600007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SINFONIA TECHNOLOGY CO., LTD.</name>
        <lei>N/A</lei>
        <title>SINFONIA TECHNOLOGY CO LTD</title>
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          <isin value="JP3375400003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NS UNITED KAIUN KAISHA, LTD.</name>
        <lei>353800MK2Y7X2PZGXN23</lei>
        <title>NS UNITED KAIUN KAISHA LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SINKO INDUSTRIES LTD.</name>
        <lei>353800RTTZK18JRDHM31</lei>
        <title>SINKO INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3372800007"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shochiku Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHOCHIKU CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3362800009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SWCC Corporation</name>
        <lei>353800A7RNYOC4KL4T49</lei>
        <title>SWCC CORP</title>
        <cusip>J7863E100</cusip>
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          <isin value="JP3368400002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Showa Sangyo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHOWA SANGYO CO LTD</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Shin-Etsu Polymer Co.,Ltd.</name>
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        <title>SHIN ETSU POLYMER CO LTD</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Shin Nippon Air Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHIN NIPPON AIR TECHNOLOGIES CO LTD</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SUNDRUG CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SUNDRUG CO LTD</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>S Foods Inc.</name>
        <lei>N/A</lei>
        <title>S FOODS INC</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stanley Electric Co., Ltd.</name>
        <lei>N/A</lei>
        <title>STANLEY ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3399400005"/>
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        <valUSD>380213.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STARTS CORPORATION INC.</name>
        <lei>N/A</lei>
        <title>STARTS CORP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399200009"/>
          <other otherDesc="Internal" value="6841913"/>
        </identifiers>
        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>212813.23000000</valUSD>
        <pctVal>0.081126526246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Bakelite Company Limited</name>
        <lei>N/A</lei>
        <title>SUMITOMO BAKELITE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3409400003"/>
          <other otherDesc="Internal" value="6858504"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>559117.71000000</valUSD>
        <pctVal>0.213141248667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Osaka Cement Co.,Ltd.</name>
        <lei>5299001WJ26J6HQN5D67</lei>
        <title>SUMITOMO OSAKA CEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3400900001"/>
          <other otherDesc="Internal" value="6858548"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>255891.46000000</valUSD>
        <pctVal>0.097548377259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO CHEMICAL COMPANY, LIMITED</name>
        <lei>353800RSAU9BD8U4DM91</lei>
        <title>SUMITOMO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3401400001"/>
          <other otherDesc="Internal" value="6858560"/>
        </identifiers>
        <balance>278400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>990911.81000000</valUSD>
        <pctVal>0.377745467054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Heavy Industries, Ltd.</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>SUMITOMO HEAVY INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <other otherDesc="Internal" value="6858731"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>687922.04000000</valUSD>
        <pctVal>0.262242744182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Forestry Co., Ltd.</name>
        <lei>549300FIIRGO6D5FWR19</lei>
        <title>SUMITOMO FORESTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3409800004"/>
          <other otherDesc="Internal" value="6858861"/>
        </identifiers>
        <balance>87100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>732289.67000000</valUSD>
        <pctVal>0.279156127338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Rubber Industries, Ltd.</name>
        <lei>353800JD4V72SJ3EOX37</lei>
        <title>SUMITOMO RUBBER INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3404200002"/>
          <other otherDesc="Internal" value="6858991"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>469561.01000000</valUSD>
        <pctVal>0.179001341232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Sumitomo Warehouse Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUMITOMO WAREHOUSE CO LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3407000003"/>
          <other otherDesc="Internal" value="6859080"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>253443.26000000</valUSD>
        <pctVal>0.096615098997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Suruga Bank Ltd.</name>
        <lei>3538003A9JIMKE5G3M02</lei>
        <title>SURUGA BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3411000007"/>
          <other otherDesc="Internal" value="6864329"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>401225.13000000</valUSD>
        <pctVal>0.152951022075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZUKEN CO.,LTD.</name>
        <lei>529900LRLSX7F1Q8TN71</lei>
        <title>SUZUKEN CO LTD AICHI JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3398000004"/>
          <other otherDesc="Internal" value="6865560"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>386461.76000000</valUSD>
        <pctVal>0.147323078155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THK CO.,LTD.</name>
        <lei>N/A</lei>
        <title>THK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539250005"/>
          <other otherDesc="Internal" value="6869131"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>790747.09000000</valUSD>
        <pctVal>0.301440678998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TADANO LTD.</name>
        <lei>N/A</lei>
        <title>TADANO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3465000002"/>
          <other otherDesc="Internal" value="6869722"/>
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        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>124403.99000000</valUSD>
        <pctVal>0.047424042010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIHEI DENGYO KAISHA,LTD.</name>
        <lei>N/A</lei>
        <title>TAIHEI DENGYO KAISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3447200001"/>
          <other otherDesc="Internal" value="6869948"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>110452.74000000</valUSD>
        <pctVal>0.042105686336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taikisha Ltd.</name>
        <lei>N/A</lei>
        <title>TAIKISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3441200007"/>
          <other otherDesc="Internal" value="6869959"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>176954.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAKASAGO INTERNATIONAL CORPORATION</name>
        <lei>N/A</lei>
        <title>TAKASAGO INTERNATIONAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3454400007"/>
          <other otherDesc="Internal" value="6870360"/>
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        <balance>12000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>101192.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAKARA HOLDINGS INC.</name>
        <lei>3538001CXSU150WNEY98</lei>
        <title>TAKARA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3459600007"/>
          <other otherDesc="Internal" value="6870382"/>
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        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>382869.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Takashimaya Company, Limited</name>
        <lei>353800IFO566STDN4V78</lei>
        <title>TAKASHIMAYA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3456000003"/>
          <other otherDesc="Internal" value="6870401"/>
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        <balance>43200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Takasago Thermal Engineering Co., Ltd.</name>
        <lei>353800VL9UEB0RUJLC67</lei>
        <title>TAKASAGO THERMAL ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3455200000"/>
          <other otherDesc="Internal" value="6870520"/>
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        <balance>16800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIYO YUDEN CO., LTD.</name>
        <lei>353800V9G3X5PLB9AD43</lei>
        <title>TAIYO YUDEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3452000007"/>
          <other otherDesc="Internal" value="6870564"/>
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        <balance>24000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAKUMA CO., LTD.</name>
        <lei>N/A</lei>
        <title>TAKUMA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3462600002"/>
          <other otherDesc="Internal" value="6870768"/>
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        <balance>9600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Daio Paper Corporation</name>
        <lei>353800VL9DQ781ZR1G70</lei>
        <title>DAIO PAPER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3440400004"/>
          <other otherDesc="Internal" value="6870898"/>
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        <balance>14400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>88621.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAKARA STANDARD CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TAKARA STANDARD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3460000007"/>
          <other otherDesc="Internal" value="6870906"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>142721.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tamron Co Ltd</name>
        <lei>N/A</lei>
        <title>TAMRON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3471800007"/>
          <other otherDesc="Internal" value="6871028"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>228091.81000000</valUSD>
        <pctVal>0.086950873357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIYO HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TAIYO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3449100001"/>
          <other otherDesc="Internal" value="6871783"/>
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        <balance>14400.00000000</balance>
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        <pctVal>0.162136348870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOWA CORPORATION</name>
        <lei>353800HAMO7IT6KBJX75</lei>
        <title>TOWA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3555700008"/>
          <other otherDesc="Internal" value="6878665"/>
        </identifiers>
        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TECHNO RYOWA LTD.</name>
        <lei>353800Q6QFKID7X02834</lei>
        <title>TECHNO RYOWA LTD</title>
        <cusip>J8225T108</cusip>
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          <isin value="JP3545040002"/>
          <other otherDesc="Internal" value="6878933"/>
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        <balance>2100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEIJIN LIMITED</name>
        <lei>3538000RF6UCIMPKCO54</lei>
        <title>TEIJIN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3544000007"/>
          <other otherDesc="Internal" value="6880507"/>
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        <balance>33600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SYSMEX CORPORATION</name>
        <lei>N/A</lei>
        <title>SYSMEX CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3351100007"/>
          <other otherDesc="Internal" value="6883807"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TKC Corporation</name>
        <lei>N/A</lei>
        <title>TKC CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3539400006"/>
          <other otherDesc="Internal" value="6892665"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Toho Bank, Ltd.</name>
        <lei>35380078ABDFHIKLTV03</lei>
        <title>TOHO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3601000007"/>
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        <balance>36400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TODA CORPORATION</name>
        <lei>N/A</lei>
        <title>TODA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3627000007"/>
          <other otherDesc="Internal" value="6893884"/>
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        <balance>38400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKAI CARBON CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKAI CARBON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3560800009"/>
          <other otherDesc="Internal" value="6894003"/>
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        <balance>36000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKAI RIKA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKAI RIKA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3566600007"/>
          <other otherDesc="Internal" value="6894025"/>
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        <balance>9600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TBS HOLDINGS,INC.</name>
        <lei>N/A</lei>
        <title>TBS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3588600001"/>
          <other otherDesc="Internal" value="6894166"/>
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        <balance>6370.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOKYO SEIMITSU CO.,LTD.</name>
        <lei>529900L98N6UEGN15C69</lei>
        <title>TOKYO SEIMITSU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3580200008"/>
          <other otherDesc="Internal" value="6894304"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOAGOSEI CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOAGOSEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3556400004"/>
          <other otherDesc="Internal" value="6894467"/>
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        <balance>16800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOA CORPORATION</name>
        <lei>353800AT816JCLZ5WD63</lei>
        <title>TOA CORP TOKYO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3556000002"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yurtec Corp</name>
        <lei>N/A</lei>
        <title>YURTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3946200007"/>
          <other otherDesc="Internal" value="6894672"/>
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        <balance>7200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tokai Tokyo Financial Holdings, Inc.</name>
        <lei>3538009U6UOURH99YH12</lei>
        <title>TOKAI TOKYO FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3577600004"/>
          <other otherDesc="Internal" value="6894876"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOSHIBA TEC CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSHIBA TEC CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3594000006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO OHKA KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYO OHKA KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3571800006"/>
          <other otherDesc="Internal" value="6894898"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Topre Corporation</name>
        <lei>N/A</lei>
        <title>TOPRE CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3598200008"/>
          <other otherDesc="Internal" value="6894928"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOBU RAILWAY CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOBU RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3597800006"/>
          <other otherDesc="Internal" value="6895169"/>
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        <balance>33600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOEI COMPANY, LTD.</name>
        <lei>N/A</lei>
        <title>TOEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3560000006"/>
          <other otherDesc="Internal" value="6895181"/>
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        <balance>4800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>180942.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOHO GAS CO., LTD.</name>
        <lei>353800BCVTE4F8012906</lei>
        <title>TOHO GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3600200004"/>
          <other otherDesc="Internal" value="6895222"/>
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        <balance>45600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>354281.28000000</valUSD>
        <pctVal>0.135055558155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tohoku Electric Power Company, Incorporated</name>
        <lei>353800KTF7EYIIYHY088</lei>
        <title>TOHOKU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3605400005"/>
          <other otherDesc="Internal" value="6895266"/>
        </identifiers>
        <balance>86100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>715548.91000000</valUSD>
        <pctVal>0.272774382624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electric Power Company Holdings, Incorporated</name>
        <lei>N/A</lei>
        <title>TOKYO ELECTRIC POWER CO HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3585800000"/>
          <other otherDesc="Internal" value="6895404"/>
        </identifiers>
        <balance>283200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>950890.20000000</valUSD>
        <pctVal>0.362488830077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Tatemono Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TOKYO TATEMONO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
          <other otherDesc="Internal" value="6895426"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>722575.79000000</valUSD>
        <pctVal>0.275453099379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOHO HOLDINGS CO.,LTD.</name>
        <lei>353800Z8BQ3ZHELA4J90</lei>
        <title>TOHO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3602600003"/>
          <other otherDesc="Internal" value="6895556"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>237163.64000000</valUSD>
        <pctVal>0.090409145451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOENEC CORPORATION</name>
        <lei>N/A</lei>
        <title>TOENEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552230009"/>
          <other otherDesc="Internal" value="6895620"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>98240.91000000</valUSD>
        <pctVal>0.037450414918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokuyama Corporation</name>
        <lei>N/A</lei>
        <title>TOKUYAMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3625000009"/>
          <other otherDesc="Internal" value="6895761"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>300871.25000000</valUSD>
        <pctVal>0.114695121914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYO STEEL MANUFACTURING CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYO STEEL MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3579800008"/>
          <other otherDesc="Internal" value="6895879"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>103409.08000000</valUSD>
        <pctVal>0.039420572878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYOTOKEIBA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKYOTOKEIBA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3586600003"/>
          <other otherDesc="Internal" value="6896065"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>75814.90000000</valUSD>
        <pctVal>0.028901396190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYU CORPORATION</name>
        <lei>3538005PGNIBTZYXAE45</lei>
        <title>TOKYU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3574200006"/>
          <other otherDesc="Internal" value="6896548"/>
        </identifiers>
        <balance>91200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>947921.64000000</valUSD>
        <pctVal>0.361357185391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIBAURA MACHINE CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHIBAURA MACHINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3592600005"/>
          <other otherDesc="Internal" value="6897262"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>134629.45000000</valUSD>
        <pctVal>0.051322089368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTETSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOTETSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595400007"/>
          <other otherDesc="Internal" value="6897444"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>119398.95000000</valUSD>
        <pctVal>0.045516070833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTO LTD.</name>
        <lei>N/A</lei>
        <title>TOTO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3596200000"/>
          <other otherDesc="Internal" value="6897466"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1051992.51000000</valUSD>
        <pctVal>0.401030039220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Token Corp</name>
        <lei>N/A</lei>
        <title>TOKEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3590900001"/>
          <other otherDesc="Internal" value="6898447"/>
        </identifiers>
        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>51794.70000000</valUSD>
        <pctVal>0.019744656330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T.HASEGAWA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>T HASEGAWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3768500005"/>
          <other otherDesc="Internal" value="6899268"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>100722.52000000</valUSD>
        <pctVal>0.038396429406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOWA PHARMACEUTICAL CO., LTD.</name>
        <lei>35380036BH1C3PNO2426</lei>
        <title>TOWA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3623150004"/>
          <other otherDesc="Internal" value="6899581"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>116879.82000000</valUSD>
        <pctVal>0.044555753347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYO ENGINEERING CORPORATION</name>
        <lei>353800SPB3B3BM0FO630</lei>
        <title>TOYO ENGINEERING CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3607800004"/>
          <other otherDesc="Internal" value="6899718"/>
        </identifiers>
        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>72908.63000000</valUSD>
        <pctVal>0.027793497073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYO SUISAN KAISHA, LTD.</name>
        <lei>N/A</lei>
        <title>TOYO SUISAN KAISHA LTD</title>
        <cusip>892306101</cusip>
        <identifiers>
          <isin value="JP3613000003"/>
          <other otherDesc="Internal" value="6899967"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1101420.76000000</valUSD>
        <pctVal>0.419872581203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTECH CORPORATION</name>
        <lei>N/A</lei>
        <title>TOTECH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595300009"/>
          <other otherDesc="Internal" value="6900096"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>115045.87000000</valUSD>
        <pctVal>0.043856633312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>artience Co., Ltd.</name>
        <lei>3538004R7YQXBD9W7D03</lei>
        <title>ARTIENCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3606600009"/>
          <other otherDesc="Internal" value="6900104"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>231423.36000000</valUSD>
        <pctVal>0.088220893452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Tire Corporation</name>
        <lei>N/A</lei>
        <title>TOYO TIRE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3610600003"/>
          <other otherDesc="Internal" value="6900182"/>
        </identifiers>
        <balance>23700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>555122.44000000</valUSD>
        <pctVal>0.211618211887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIXIL Corporation</name>
        <lei>353800KB8G4F9WUJJ886</lei>
        <title>LIXIL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3626800001"/>
          <other otherDesc="Internal" value="6900212"/>
        </identifiers>
        <balance>52800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>584480.63000000</valUSD>
        <pctVal>0.222809846785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Seikan Group Holdings, Ltd.</name>
        <lei>N/A</lei>
        <title>TOYO SEIKAN GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3613400005"/>
          <other otherDesc="Internal" value="6900267"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>540044.08000000</valUSD>
        <pctVal>0.205870190637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOSOH CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSOH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595200001"/>
          <other otherDesc="Internal" value="6900289"/>
        </identifiers>
        <balance>50400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>837397.35000000</valUSD>
        <pctVal>0.319224223481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mazda Motor Corporation</name>
        <lei>52990044YZJLICDQKK92</lei>
        <title>MAZDA MOTOR CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3868400007"/>
          <other otherDesc="Internal" value="6900308"/>
        </identifiers>
        <balance>108000.00000000</balance>
        <units>NS</units>
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        <valUSD>828398.74000000</valUSD>
        <pctVal>0.315793863581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYOBO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOYOBO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3619800000"/>
          <other otherDesc="Internal" value="6900502"/>
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        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>149997.80000000</valUSD>
        <pctVal>0.057180657699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYODA GOSEI CO., LTD.</name>
        <lei>353800ZV4HXVM4DWPO50</lei>
        <title>TOYODA GOSEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3634200004"/>
          <other otherDesc="Internal" value="6900557"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>575181.56000000</valUSD>
        <pctVal>0.219264948536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA BOSHOKU CORPORATION</name>
        <lei>N/A</lei>
        <title>TOYOTA BOSHOKU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635400009"/>
          <other otherDesc="Internal" value="6900591"/>
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        <balance>16500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>234289.53000000</valUSD>
        <pctVal>0.089313506048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>transcosmos inc.</name>
        <lei>353800AAR1GYRFDRTV97</lei>
        <title>TRANSCOSMOS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635700002"/>
          <other otherDesc="Internal" value="6900955"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.042564403924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSUBAKIMOTO CHAIN CO.</name>
        <lei>N/A</lei>
        <title>TSUBAKIMOTO CHAIN CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3535400000"/>
          <other otherDesc="Internal" value="6906704"/>
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        <balance>14100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.091047153715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSUGAMI CORPORATION</name>
        <lei>N/A</lei>
        <title>TSUGAMI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3531800005"/>
          <other otherDesc="Internal" value="6906760"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.090483950285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSUMURA &amp; CO.</name>
        <lei>3538005RS3M1OVJLC663</lei>
        <title>TSUMURA CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3535800001"/>
          <other otherDesc="Internal" value="6906919"/>
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        <balance>11700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>277044.73000000</valUSD>
        <pctVal>0.105612214803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSURUMI MANUFACTURING CO.,LTD.</name>
        <lei>35380026XBX2I2OGQE92</lei>
        <title>TSURUMI MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3536200003"/>
          <other otherDesc="Internal" value="6906931"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78034.70000000</valUSD>
        <pctVal>0.029747606094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBE Corporation</name>
        <lei>N/A</lei>
        <title>UBE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3158800007"/>
          <other otherDesc="Internal" value="6910705"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>373798.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Union Tool Co</name>
        <lei>N/A</lei>
        <title>UNION TOOL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3950600001"/>
          <other otherDesc="Internal" value="6914053"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>209697.25000000</valUSD>
        <pctVal>0.079938683586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITIKA LTD.</name>
        <lei>N/A</lei>
        <title>UNITIKA LTD</title>
        <cusip>J94280104</cusip>
        <identifiers>
          <isin value="JP3951200009"/>
          <other otherDesc="Internal" value="6918301"/>
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        <balance>9600.00000000</balance>
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        <valUSD>99761.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>USHIO INC.</name>
        <lei>N/A</lei>
        <title>USHIO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3156400008"/>
          <other otherDesc="Internal" value="6918981"/>
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        <balance>12000.00000000</balance>
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        <valUSD>289916.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VALOR HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>VALOR HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3778400006"/>
          <other otherDesc="Internal" value="6926553"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WACOAL HOLDINGS CORP.</name>
        <lei>3538002U6NJ8QTW6VR34</lei>
        <title>WACOAL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3992400006"/>
          <other otherDesc="Internal" value="6932204"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wakita &amp; Co.,LTD.</name>
        <lei>N/A</lei>
        <title>WAKITA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3992000004"/>
          <other otherDesc="Internal" value="6933735"/>
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        <balance>6900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YAMADA HOLDINGS CO., LTD.</name>
        <lei>353800MDZ4K1DQKLO464</lei>
        <title>YAMADA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3939000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YAKULT HONSHA CO.,LTD.</name>
        <lei>353800YJPSPGG7KI0S71</lei>
        <title>YAKULT HONSHA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3931600005"/>
          <other otherDesc="Internal" value="6985112"/>
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        <balance>43200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Yamanashi Chuo Bank,Ltd.</name>
        <lei>353800DUD9B4IAIADJ68</lei>
        <title>YAMANASHI CHUO BANK LTD THE</title>
        <cusip>J96128103</cusip>
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          <isin value="JP3942000005"/>
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        <balance>4800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YAMATO KOGYO CO.,LTD.</name>
        <lei>N/A</lei>
        <title>YAMATO KOGYO CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3940400009"/>
          <other otherDesc="Internal" value="6985446"/>
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        <balance>7200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YAMAZAKI BAKING CO., LTD.</name>
        <lei>N/A</lei>
        <title>YAMAZAKI BAKING CO LTD</title>
        <cusip>984632109</cusip>
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          <isin value="JP3935600001"/>
          <other otherDesc="Internal" value="6985509"/>
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        <balance>21600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Azbil Corporation</name>
        <lei>N/A</lei>
        <title>AZBIL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3937200008"/>
          <other otherDesc="Internal" value="6985543"/>
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        <balance>81600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>777458.29000000</valUSD>
        <pctVal>0.296374855873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YAMATO HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>YAMATO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3940000007"/>
          <other otherDesc="Internal" value="6985565"/>
        </identifiers>
        <balance>43200.00000000</balance>
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        <valUSD>526639.95000000</valUSD>
        <pctVal>0.200760402565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAMAZEN CORPORATION</name>
        <lei>353800VADDW91MPELT42</lei>
        <title>YAMAZEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3936800006"/>
          <other otherDesc="Internal" value="6985587"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>87962.12000000</valUSD>
        <pctVal>0.033532037631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAMAICHI ELECTRONICS CO., LTD.</name>
        <lei>N/A</lei>
        <title>YAMAICHI ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3934200001"/>
          <other otherDesc="Internal" value="6985673"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>120149.06000000</valUSD>
        <pctVal>0.045802020248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YASKAWA Electric Corporation</name>
        <lei>3538003K39GR98R0CK58</lei>
        <title>YASKAWA ELECTRIC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3932000007"/>
          <other otherDesc="Internal" value="6986041"/>
        </identifiers>
        <balance>42900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1271624.44000000</valUSD>
        <pctVal>0.484755921928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YODOKO, Ltd.</name>
        <lei>N/A</lei>
        <title>YODOKO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3959400007"/>
          <other otherDesc="Internal" value="6986364"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>171259.00000000</valUSD>
        <pctVal>0.065285639235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yokogawa Bridge Holdings Corp.</name>
        <lei>N/A</lei>
        <title>YOKOGAWA BRIDGE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3955200005"/>
          <other otherDesc="Internal" value="6986405"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>133407.91000000</valUSD>
        <pctVal>0.050856426135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The Yokohama Rubber Company, Limited</name>
        <lei>52990036XNWY2FMYWB76</lei>
        <title>YOKOHAMA RUBBER CO LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3955800002"/>
          <other otherDesc="Internal" value="6986461"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1107791.27000000</valUSD>
        <pctVal>0.422301083166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUASA CO., LTD.</name>
        <lei>N/A</lei>
        <title>YUASA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3945200008"/>
          <other otherDesc="Internal" value="6988520"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>96667.39000000</valUSD>
        <pctVal>0.036850573397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zojirushi Corporation</name>
        <lei>N/A</lei>
        <title>ZOJIRUSHI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3437400009"/>
          <other otherDesc="Internal" value="6989556"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>66589.03000000</valUSD>
        <pctVal>0.025384402511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZUKEN INC.</name>
        <lei>N/A</lei>
        <title>ZUKEN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3412000006"/>
          <other otherDesc="Internal" value="6989976"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>77114.55000000</valUSD>
        <pctVal>0.029396835735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YONEX CO., LTD.</name>
        <lei>353800AI38G8HRG7UJ91</lei>
        <title>YONEX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3960000002"/>
          <other otherDesc="Internal" value="6993784"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>166645.55000000</valUSD>
        <pctVal>0.063526946073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Invincible Investment Corporation</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>INVINCIBLE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <other otherDesc="Internal" value="B00STP1"/>
        </identifiers>
        <balance>1392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>541160.33000000</valUSD>
        <pctVal>0.206295716273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI INTECC CO., LTD.</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>ASAHI INTECC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
          <other otherDesc="Internal" value="B019MQ5"/>
        </identifiers>
        <balance>40800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>962833.28000000</valUSD>
        <pctVal>0.367041651314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nxera Pharma Co., Ltd.</name>
        <lei>2138004M62BFNJMR2Z82</lei>
        <title>NXERA PHARMA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3431300007"/>
          <other otherDesc="Internal" value="B01QMC2"/>
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        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102220.49000000</valUSD>
        <pctVal>0.038967470513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maxvalu Tokai Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MAXVALU TOKAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3930400001"/>
          <other otherDesc="Internal" value="B01R690"/>
        </identifiers>
        <balance>1845.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>39993.22000000</valUSD>
        <pctVal>0.015245814426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Monex Group, Inc.</name>
        <lei>353800SGXKLYGPUJ4648</lei>
        <title>MONEX GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869970008"/>
          <other otherDesc="Internal" value="B01S2L7"/>
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        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>155887.24000000</valUSD>
        <pctVal>0.059425770979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsui Fudosan Retail Fund Investment Corporation</name>
        <lei>N/A</lei>
        <title>MITSUI FUDOSAN RETAIL FUND INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046200006"/>
          <other otherDesc="Internal" value="B020QY3"/>
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        <balance>480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>234847.07000000</valUSD>
        <pctVal>0.089526045858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>M3, Inc.</name>
        <lei>N/A</lei>
        <title>M3 INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3435750009"/>
          <other otherDesc="Internal" value="B02K2M3"/>
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        <balance>74400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.325608442248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Electric Power Development Co., Ltd.</name>
        <lei>549300KMHPUAQI8VEH90</lei>
        <title>ELECTRIC POWER DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551200003"/>
          <other otherDesc="Internal" value="B02Q328"/>
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        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>675220.09000000</valUSD>
        <pctVal>0.257400634130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mizuho Leasing Company, Limited</name>
        <lei>353800O6EEA5GK30Z659</lei>
        <title>MIZUHO LEASING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3286500008"/>
          <other otherDesc="Internal" value="B02QLW4"/>
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        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>206011.76000000</valUSD>
        <pctVal>0.078533738032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEGA SAMMY HOLDINGS INC.</name>
        <lei>5493006B6WMKNQ8QNP51</lei>
        <title>SEGA SAMMY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3419050004"/>
          <other otherDesc="Internal" value="B02RK08"/>
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        <balance>26400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>512791.95000000</valUSD>
        <pctVal>0.195481406821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSMOS Pharmaceutical Corporation</name>
        <lei>N/A</lei>
        <title>COSMOS PHARMACEUTICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3298400007"/>
          <other otherDesc="Internal" value="B036QP1"/>
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        <balance>7200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>293460.20000000</valUSD>
        <pctVal>0.111869955723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metaplanet Inc.</name>
        <lei>3538006DGBY53D3UEV95</lei>
        <title>METAPLANET INC</title>
        <cusip>J1357P101</cusip>
        <identifiers>
          <isin value="JP3481200008"/>
          <other otherDesc="Internal" value="B03BJ91"/>
        </identifiers>
        <balance>88800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>177304.04000000</valUSD>
        <pctVal>0.067590068787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Frontier Fudousan Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUN FRONTIER FUDOUSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336950005"/>
          <other otherDesc="Internal" value="B03BJB3"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>75114.48000000</valUSD>
        <pctVal>0.028634389098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fuyo General Lease Co., Ltd.</name>
        <lei>353800IE82QJT7UQJK58</lei>
        <title>FUYO GENERAL LEASE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826270005"/>
          <other otherDesc="Internal" value="B03P2F0"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>265328.64000000</valUSD>
        <pctVal>0.101145924418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Internet Initiative Japan Inc.</name>
        <lei>N/A</lei>
        <title>INTERNET INITIATIVE JAPAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152820001"/>
          <other otherDesc="Internal" value="B05H328"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>457817.25000000</valUSD>
        <pctVal>0.174524502767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DeNA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DENA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548610009"/>
          <other otherDesc="Internal" value="B05L364"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>192989.12000000</valUSD>
        <pctVal>0.073569377754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAKUHODO DY HOLDINGS INCORPORATED</name>
        <lei>N/A</lei>
        <title>HAKUHODO DY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3766550002"/>
          <other otherDesc="Internal" value="B05LZ02"/>
        </identifiers>
        <balance>40800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>348783.57000000</valUSD>
        <pctVal>0.132959776259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHIP HEALTHCARE HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>SHIP HEALTHCARE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3274150006"/>
          <other otherDesc="Internal" value="B05MTR0"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>215044.74000000</valUSD>
        <pctVal>0.081977200119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GungHo Online Entertainment, Inc.</name>
        <lei>N/A</lei>
        <title>GUNGHO ONLINE ENTERTAINMENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3235900002"/>
          <other otherDesc="Internal" value="B064D84"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>120338.03000000</valUSD>
        <pctVal>0.045874057497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HEIWA REAL ESTATE REIT, Inc.</name>
        <lei>3538003GH25628YW4R98</lei>
        <title>HEIWA REAL ESTATE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046220004"/>
          <other otherDesc="Internal" value="B064LV3"/>
        </identifiers>
        <balance>213.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>175714.19000000</valUSD>
        <pctVal>0.066984002107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GMO Payment Gateway, Inc.</name>
        <lei>353800Q6U21E2PM83F86</lei>
        <title>GMO PAYMENT GATEWAY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3385890003"/>
          <other otherDesc="Internal" value="B06CMQ9"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>567436.53000000</valUSD>
        <pctVal>0.216312465837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Logistics Fund, Inc.</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>JAPAN LOGISTICS FUND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046230003"/>
          <other otherDesc="Internal" value="B07NL19"/>
        </identifiers>
        <balance>528.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>311469.73000000</valUSD>
        <pctVal>0.118735368218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka REIT Corporation</name>
        <lei>N/A</lei>
        <title>FUKUOKA REIT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <other otherDesc="Internal" value="B0B8154"/>
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        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>132118.39000000</valUSD>
        <pctVal>0.050364848247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KDX Realty Investment Corporation</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>KDX REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <other otherDesc="Internal" value="B0C5Q59"/>
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        <balance>744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>693437.41000000</valUSD>
        <pctVal>0.264345258246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>create restaurants holdings inc.</name>
        <lei>N/A</lei>
        <title>CREATE RESTAURANTS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269930008"/>
          <other otherDesc="Internal" value="B0J2LC5"/>
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        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>214793.83000000</valUSD>
        <pctVal>0.081881550724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SAKURA internet Inc.</name>
        <lei>N/A</lei>
        <title>SAKURA INTERNET INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3317300006"/>
          <other otherDesc="Internal" value="B0JZCW1"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>117291.49000000</valUSD>
        <pctVal>0.044712686057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hankyu Hanshin REIT, Inc.</name>
        <lei>N/A</lei>
        <title>HANKYU HANSHIN REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046320002"/>
          <other otherDesc="Internal" value="B0LLJ37"/>
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        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102410.91000000</valUSD>
        <pctVal>0.039040060517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Office REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>ICHIGO OFFICE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046300004"/>
          <other otherDesc="Internal" value="B0LNCF6"/>
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        <balance>168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Daiwa Office Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA OFFICE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046310003"/>
          <other otherDesc="Internal" value="B0LNTF5"/>
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        <balance>96.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <pctVal>0.073121612328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMCO CORPORATION</name>
        <lei>353800SUSRUOM0V6KU92</lei>
        <title>SUMCO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3322930003"/>
          <other otherDesc="Internal" value="B0M0C89"/>
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        <balance>67200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1413602.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSURUHA HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>TSURUHA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3536150000"/>
          <other otherDesc="Internal" value="B0MKZN5"/>
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        <balance>38400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>555027.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UACJ Corporation</name>
        <lei>353800GO7FBE4RSRH831</lei>
        <title>UACJ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826900007"/>
          <other otherDesc="Internal" value="B0N9WZ2"/>
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        <balance>31256.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>455523.98000000</valUSD>
        <pctVal>0.173650285366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Earth Corporation</name>
        <lei>N/A</lei>
        <title>EARTH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100190002"/>
          <other otherDesc="Internal" value="B0NHMM3"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>74291.08000000</valUSD>
        <pctVal>0.028320500804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JCU Corp</name>
        <lei>N/A</lei>
        <title>JCU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166200000"/>
          <other otherDesc="Internal" value="B0QH446"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>81027.79000000</valUSD>
        <pctVal>0.030888601860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORIDOLL Holdings Corporation</name>
        <lei>3538002L9PBNUQXICM82</lei>
        <title>TORIDOLL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3636650008"/>
          <other otherDesc="Internal" value="B0WHPP8"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>262107.88000000</valUSD>
        <pctVal>0.099918138577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="237535.26624900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Holdings Corporation</name>
        <lei>N/A</lei>
        <title>WEST HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3154750008"/>
          <other otherDesc="Internal" value="B0YQ5X1"/>
        </identifiers>
        <balance>4880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>79816.68000000</valUSD>
        <pctVal>0.030426914646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYORIN Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KYORIN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247090008"/>
          <other otherDesc="Internal" value="B0YZFP0"/>
        </identifiers>
        <balance>7494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>55414.67000000</valUSD>
        <pctVal>0.021124625006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa House REIT Investment Corporation</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>DAIWA HOUSE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <other otherDesc="Internal" value="B0Z6WY0"/>
        </identifiers>
        <balance>816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>596149.23000000</valUSD>
        <pctVal>0.227258033508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Tanso Co Ltd</name>
        <lei>N/A</lei>
        <title>TOYO TANSO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3616000000"/>
          <other otherDesc="Internal" value="B0ZV9X3"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>101953.38000000</valUSD>
        <pctVal>0.038865645516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOBE BUSSAN CO., LTD.</name>
        <lei>353800CJIFNHN2DXRD59</lei>
        <title>KOBE BUSSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3291200008"/>
          <other otherDesc="Internal" value="B14RJB7"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>467706.59000000</valUSD>
        <pctVal>0.178294417829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Hotel REIT Investment Corporation</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>JAPAN HOTEL REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <other otherDesc="Internal" value="B1530B1"/>
        </identifiers>
        <balance>1152.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>598319.10000000</valUSD>
        <pctVal>0.228085209598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Excellent, Inc.</name>
        <lei>35380015J62221TE0D86</lei>
        <title>JAPAN EXCELLENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046420000"/>
          <other otherDesc="Internal" value="B15T1R2"/>
        </identifiers>
        <balance>216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>186147.66000000</valUSD>
        <pctVal>0.070961344953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa Securities Living Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA SECURITIES LIVING INVESTMENTS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
          <other otherDesc="Internal" value="B15T1S3"/>
        </identifiers>
        <balance>384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>227505.47000000</valUSD>
        <pctVal>0.086727354700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Accommodations Fund Inc.</name>
        <lei>N/A</lei>
        <title>MITSUI FUDOSAN ACCOMMODATIONS FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046440008"/>
          <other otherDesc="Internal" value="B182BB2"/>
        </identifiers>
        <balance>456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>338958.28000000</valUSD>
        <pctVal>0.129214277697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JINS HOLDINGS Inc.</name>
        <lei>N/A</lei>
        <title>JINS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386110005"/>
          <other otherDesc="Internal" value="B18D6G5"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>89990.61000000</valUSD>
        <pctVal>0.034305318255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="86241.00125000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Infomart Corp</name>
        <lei>N/A</lei>
        <title>INFOMART CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3153480003"/>
          <other otherDesc="Internal" value="B18RC03"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>145614.76000000</valUSD>
        <pctVal>0.055509799127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIC CAMERA INC.</name>
        <lei>N/A</lei>
        <title>BIC CAMERA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3800390001"/>
          <other otherDesc="Internal" value="B194YN0"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>187175.35000000</valUSD>
        <pctVal>0.071353110633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DCM Holdings Co., Ltd.</name>
        <lei>353800S1QF5V2DN70A36</lei>
        <title>DCM HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548660004"/>
          <other otherDesc="Internal" value="B1B0V35"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>191317.48000000</valUSD>
        <pctVal>0.072932131910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIXI, Inc.</name>
        <lei>N/A</lei>
        <title>MIXI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3882750007"/>
          <other otherDesc="Internal" value="B1BSCX6"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>164003.67000000</valUSD>
        <pctVal>0.062519835062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JAC Recruitment Co Ltd</name>
        <lei>N/A</lei>
        <title>JAC RECRUITMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386130003"/>
          <other otherDesc="Internal" value="B1CC1X0"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>75611.42000000</valUSD>
        <pctVal>0.028823827584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FURUYA METAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>FURUYA METAL CO LTD</title>
        <cusip>J17470105</cusip>
        <identifiers>
          <isin value="JP3828850002"/>
          <other otherDesc="Internal" value="B1CP139"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>270877.92000000</valUSD>
        <pctVal>0.103261365312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Holdings, Inc.</name>
        <lei>353800UZ91CT24OL9P59</lei>
        <title>NOMURA REAL ESTATE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <other otherDesc="Internal" value="B1CWJM5"/>
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        <balance>105600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>614760.41000000</valUSD>
        <pctVal>0.234352800984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yamaguchi Financial Group, Inc.</name>
        <lei>353800898JPV95YSY548</lei>
        <title>YAMAGUCHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3935300008"/>
          <other otherDesc="Internal" value="B1DGKS9"/>
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        <balance>33300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>672376.19000000</valUSD>
        <pctVal>0.256316511080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nihon M&amp;A Center Holdings Inc.</name>
        <lei>N/A</lei>
        <title>NIHON M A CENTER HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3689050007"/>
          <other otherDesc="Internal" value="B1DN466"/>
        </identifiers>
        <balance>52800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>226202.27000000</valUSD>
        <pctVal>0.086230561859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aozora Bank, Ltd.</name>
        <lei>X0XUGKC9FD2CYUQNC010</lei>
        <title>AOZORA BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3711200000"/>
          <other otherDesc="Internal" value="B1G1854"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>408442.88000000</valUSD>
        <pctVal>0.155702500377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORI HILLS REIT INVESTMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>MORI HILLS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <other otherDesc="Internal" value="B1GF9P3"/>
        </identifiers>
        <balance>264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>212185.01000000</valUSD>
        <pctVal>0.080887042515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MonotaRO Co Ltd</name>
        <lei>5299005JUER5ANXWTC33</lei>
        <title>MONOTARO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922950005"/>
          <other otherDesc="Internal" value="B1GHR88"/>
        </identifiers>
        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>551005.50000000</valUSD>
        <pctVal>0.210048793289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUSKIN CO., LTD.</name>
        <lei>N/A</lei>
        <title>DUSKIN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505900005"/>
          <other otherDesc="Internal" value="B1GVJ73"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>212697.32000000</valUSD>
        <pctVal>0.081082340198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYOEI STEEL LTD.</name>
        <lei>N/A</lei>
        <title>KYOEI STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247400009"/>
          <other otherDesc="Internal" value="B1HHF49"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>30891.77000000</valUSD>
        <pctVal>0.011776250892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TS TECH CO., LTD.</name>
        <lei>N/A</lei>
        <title>TS TECH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539230007"/>
          <other otherDesc="Internal" value="B1P1JR4"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>166128.07000000</valUSD>
        <pctVal>0.063329677535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>FUKUOKA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805010000"/>
          <other otherDesc="Internal" value="B1TK1Y8"/>
        </identifiers>
        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1532018.09000000</valUSD>
        <pctVal>0.584020578928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ai Holdings Corporation</name>
        <lei>N/A</lei>
        <title>AI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105090009"/>
          <other otherDesc="Internal" value="B1TK201"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>134186.28000000</valUSD>
        <pctVal>0.051153148544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKY Perfect JSAT Corporation</name>
        <lei>5299009SAF34W9TVEF26</lei>
        <title>SKY PERFECT JSAT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3396350005"/>
          <other otherDesc="Internal" value="B1TK234"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>250333.53000000</valUSD>
        <pctVal>0.095429638899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UT Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>UT GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3949500007"/>
          <other otherDesc="Internal" value="B1V04K3"/>
        </identifiers>
        <balance>67200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>100299.02000000</valUSD>
        <pctVal>0.038234986981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open Up Group Inc.</name>
        <lei>N/A</lei>
        <title>OPEN UP GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635580008"/>
          <other otherDesc="Internal" value="B1XC021"/>
        </identifiers>
        <balance>12016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>155212.31000000</valUSD>
        <pctVal>0.059168480930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOSHIDAKA HOLDINGS Co., LTD.</name>
        <lei>N/A</lei>
        <title>KOSHIDAKA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3297360004"/>
          <other otherDesc="Internal" value="B1Y3VL9"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>61485.88000000</valUSD>
        <pctVal>0.023439030823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tri Chemical Laboratories Inc.</name>
        <lei>353800S3OPTEAPIHHJ16</lei>
        <title>TRI CHEMICAL LABORATORIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3636000006"/>
          <other otherDesc="Internal" value="B1Z8XW8"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>91783.33000000</valUSD>
        <pctVal>0.034988721003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAEDA KOSEN CO., LTD.</name>
        <lei>353800PBX8SI9I66NP60</lei>
        <title>MAEDA KOSEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3861250003"/>
          <other otherDesc="Internal" value="B1ZBYD5"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>92874.47000000</valUSD>
        <pctVal>0.035404674455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITO EN,LTD.</name>
        <lei>N/A</lei>
        <title>ITO EN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3143000101"/>
          <other otherDesc="Internal" value="B23PWV0"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>80401.70000000</valUSD>
        <pctVal>0.030649930106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNI Group Ltd.</name>
        <lei>5299005KSTCN0WVJMQ52</lei>
        <title>GNI GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386370005"/>
          <other otherDesc="Internal" value="B23QC91"/>
        </identifiers>
        <balance>9697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>170410.33000000</valUSD>
        <pctVal>0.064962117765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>J. FRONT RETAILING Co., Ltd.</name>
        <lei>N/A</lei>
        <title>J FRONT RETAILING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386380004"/>
          <other otherDesc="Internal" value="B23TC12"/>
        </identifiers>
        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>841000.24000000</valUSD>
        <pctVal>0.320597681091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Micro Science Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOMURA MICRO SCIENCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762950008"/>
          <other otherDesc="Internal" value="B248ZF3"/>
        </identifiers>
        <balance>5200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>113786.17000000</valUSD>
        <pctVal>0.043376423105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MatsukiyoCocokara &amp; Co.</name>
        <lei>N/A</lei>
        <title>MATSUKIYOCOCOKARA CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869010003"/>
          <other otherDesc="Internal" value="B249GC0"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>980657.28000000</valUSD>
        <pctVal>0.373836337922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DOUTOR NICHIRES Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DOUTOR NICHIRES HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3639100001"/>
          <other otherDesc="Internal" value="B249GF3"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102197.63000000</valUSD>
        <pctVal>0.038958756053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sony Financial Group Inc.</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>SONY FINANCIAL GROUP INC</title>
        <cusip>J76337104</cusip>
        <identifiers>
          <isin value="JP3435350008"/>
          <other otherDesc="Internal" value="B249SN5"/>
        </identifiers>
        <balance>1065600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1043736.14000000</valUSD>
        <pctVal>0.397882628612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Infrastructure Fund Investment Corporation</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>INDUSTRIAL INFRASTRUCTURE FUND INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046500009"/>
          <other otherDesc="Internal" value="B24HH65"/>
        </identifiers>
        <balance>432.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>367036.03000000</valUSD>
        <pctVal>0.139917796093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOZO, Inc.</name>
        <lei>N/A</lei>
        <title>ZOZO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
          <other otherDesc="Internal" value="B292RC1"/>
        </identifiers>
        <balance>76800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>552623.47000000</valUSD>
        <pctVal>0.210665579594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHO-BOND Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>SHO BOND HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3360250009"/>
          <other otherDesc="Internal" value="B29T1W0"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>229770.80000000</valUSD>
        <pctVal>0.087590921094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seven Bank, Ltd.</name>
        <lei>353800WMG1NLGHB7B594</lei>
        <title>SEVEN BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105220002"/>
          <other otherDesc="Internal" value="B2NT8S1"/>
        </identifiers>
        <balance>146400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>309975.22000000</valUSD>
        <pctVal>0.118165646097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SMS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162350007"/>
          <other otherDesc="Internal" value="B2PLYM1"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>187862.35000000</valUSD>
        <pctVal>0.071615001886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Monogatari Corporation</name>
        <lei>N/A</lei>
        <title>MONOGATARI CORP THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922930007"/>
          <other otherDesc="Internal" value="B2PWSL1"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>261625.23000000</valUSD>
        <pctVal>0.099734147582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isetan Mitsukoshi Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>ISETAN MITSUKOSHI HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3894900004"/>
          <other otherDesc="Internal" value="B2Q4CL4"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1315561.09000000</valUSD>
        <pctVal>0.501505011208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TISI Inc.</name>
        <lei>35380064HYEZXBQHDF07</lei>
        <title>TISI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3104890003"/>
          <other otherDesc="Internal" value="B2Q4CR0"/>
        </identifiers>
        <balance>38400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>953224.25000000</valUSD>
        <pctVal>0.363378593221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JVCKENWOOD Corporation</name>
        <lei>529900GGYCEJXM5Y6961</lei>
        <title>JVCKENWOOD CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386410009"/>
          <other otherDesc="Internal" value="B3CY5L6"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>170040.38000000</valUSD>
        <pctVal>0.064821089135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERSOL HOLDINGS CO.,LTD.</name>
        <lei>3538000H6OI725NB2008</lei>
        <title>PERSOL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3547670004"/>
          <other otherDesc="Internal" value="B3CY709"/>
        </identifiers>
        <balance>325500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>613742.75000000</valUSD>
        <pctVal>0.233964858840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAMABIKO CORPORATION</name>
        <lei>N/A</lei>
        <title>YAMABIKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3943000004"/>
          <other otherDesc="Internal" value="B3FD1T0"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>131956.87000000</valUSD>
        <pctVal>0.050303275211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOSHIZAKI CORPORATION</name>
        <lei>N/A</lei>
        <title>HOSHIZAKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845770001"/>
          <other otherDesc="Internal" value="B3FF8W8"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>768927.46000000</valUSD>
        <pctVal>0.293122818375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKAI Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TOKAI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552260006"/>
          <other otherDesc="Internal" value="B3SF9N3"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>157187.09000000</valUSD>
        <pctVal>0.059921286766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Calbee, Inc.</name>
        <lei>N/A</lei>
        <title>CALBEE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3220580009"/>
          <other otherDesc="Internal" value="B3TBRZ8"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>279166.20000000</valUSD>
        <pctVal>0.106420940330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Create SD Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>CREATE SD HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269940007"/>
          <other otherDesc="Internal" value="B3V2XQ2"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>102009.39000000</valUSD>
        <pctVal>0.038886997087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEGMILK SNOW BRAND Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MEGMILK SNOW BRAND CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3947800003"/>
          <other otherDesc="Internal" value="B3ZC078"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>167945.74000000</valUSD>
        <pctVal>0.064022591471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Senshu Ikeda Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SENSHU IKEDA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3132600002"/>
          <other otherDesc="Internal" value="B40T3T4"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>294538.54000000</valUSD>
        <pctVal>0.112281029689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noevir Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOEVIR HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3760450001"/>
          <other otherDesc="Internal" value="B458891"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>73898.05000000</valUSD>
        <pctVal>0.028170673848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN MATERIAL Co.,Ltd.</name>
        <lei>52990009XJXCZIXPGX12</lei>
        <title>JAPAN MATERIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3389680004"/>
          <other otherDesc="Internal" value="B4KGDQ2"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>159597.75000000</valUSD>
        <pctVal>0.060840254406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFENET INSURANCE COMPANY</name>
        <lei>N/A</lei>
        <title>LIFENET INSURANCE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966660007"/>
          <other otherDesc="Internal" value="B4KN6D1"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>107981.90000000</valUSD>
        <pctVal>0.041163777479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Light Metal Holdings Company, Ltd.</name>
        <lei>353800J9KCFJSF2CGT47</lei>
        <title>NIPPON LIGHT METAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3700200003"/>
          <other otherDesc="Internal" value="B51WP26"/>
        </identifiers>
        <balance>9300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>175397.92000000</valUSD>
        <pctVal>0.066863436828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Financial Partners Group Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>FINANCIAL PARTNERS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166990006"/>
          <other otherDesc="Internal" value="B54LCZ2"/>
        </identifiers>
        <balance>11700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>126252.37000000</valUSD>
        <pctVal>0.048128662905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLA ORBIS HOLDINGS INC.</name>
        <lei>353800E8OIV0XYBABS79</lei>
        <title>POLA ORBIS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3855900001"/>
          <other otherDesc="Internal" value="B5N4QN8"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>147186.15000000</valUSD>
        <pctVal>0.056108828671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meiji Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MEIJI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3918000005"/>
          <other otherDesc="Internal" value="B60DQV3"/>
        </identifiers>
        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1281221.43000000</valUSD>
        <pctVal>0.488414390253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARE Holdings, Inc.</name>
        <lei>353800W25FCOFE32EM73</lei>
        <title>ARE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3116700000"/>
          <other otherDesc="Internal" value="B60DQZ7"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>354143.96000000</valUSD>
        <pctVal>0.135003210401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOEI TECMO HOLDINGS CO., LTD.</name>
        <lei>353800RQ25FIYLPYXP11</lei>
        <title>KOEI TECMO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283460008"/>
          <other otherDesc="Internal" value="B60DR09"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>204962.85000000</valUSD>
        <pctVal>0.078133883076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advance Residence Investment Corporation</name>
        <lei>N/A</lei>
        <title>ADVANCE RESIDENCE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <other otherDesc="Internal" value="B62WZW2"/>
        </identifiers>
        <balance>504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>458423.54000000</valUSD>
        <pctVal>0.174755626563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOMONY Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>TOMONY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3631700006"/>
          <other otherDesc="Internal" value="B6391L3"/>
        </identifiers>
        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>218242.25000000</valUSD>
        <pctVal>0.083196122828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAIT ONE Corporation</name>
        <lei>N/A</lei>
        <title>MIRAIT ONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910620008"/>
          <other otherDesc="Internal" value="B64KR62"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>379829.20000000</valUSD>
        <pctVal>0.144794680118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tama Home Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TAMA HOME CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3470900006"/>
          <other otherDesc="Internal" value="B7TV4G6"/>
        </identifiers>
        <balance>2600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>46912.53000000</valUSD>
        <pctVal>0.017883524423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Pacific Bank,Ltd.</name>
        <lei>549300A1ZLTL4KX3DZ92</lei>
        <title>NORTH PACIFIC BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3843400007"/>
          <other otherDesc="Internal" value="B7VKZP7"/>
        </identifiers>
        <balance>50400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>407257.97000000</valUSD>
        <pctVal>0.155250800865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Paper Industries Co., Ltd.</name>
        <lei>3538007UWR5N9X8B8S30</lei>
        <title>NIPPON PAPER INDUSTRIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3721600009"/>
          <other otherDesc="Internal" value="B8B8PJ2"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>169859.67000000</valUSD>
        <pctVal>0.064752200680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Airlines Co., Ltd.</name>
        <lei>3538002MH5L1QZZ93477</lei>
        <title>JAPAN AIRLINES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3705200008"/>
          <other otherDesc="Internal" value="B8BRV46"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>496168.90000000</valUSD>
        <pctVal>0.189144534334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Activia Properties Inc.</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>ACTIVIA PROPERTIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047490002"/>
          <other otherDesc="Internal" value="B8BSRY1"/>
        </identifiers>
        <balance>360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>306008.52000000</valUSD>
        <pctVal>0.116653500486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comforia Residential Reit, Inc.</name>
        <lei>353800BJ2SV3UPG9JU05</lei>
        <title>COMFORIA RESIDENTIAL REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047540004"/>
          <other otherDesc="Internal" value="B8N6QD5"/>
        </identifiers>
        <balance>384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>237835.71000000</valUSD>
        <pctVal>0.090665345240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP J-REIT</name>
        <lei>353800E27V9KA51K2I90</lei>
        <title>GLP J REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
          <other otherDesc="Internal" value="B8RBZV7"/>
        </identifiers>
        <balance>816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>683321.23000000</valUSD>
        <pctVal>0.260488869513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZENKOKU HOSHO Co.,Ltd.</name>
        <lei>353800VOQEKTSCSL9O03</lei>
        <title>ZENKOKU HOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429250008"/>
          <other otherDesc="Internal" value="B92MT10"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>385802.82000000</valUSD>
        <pctVal>0.147071883654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PeptiDream Inc.</name>
        <lei>N/A</lei>
        <title>PEPTIDREAM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3836750004"/>
          <other otherDesc="Internal" value="B97SH97"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>131030.37000000</valUSD>
        <pctVal>0.049950084169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Prologis REIT, Inc.</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>NIPPON PROLOGIS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <other otherDesc="Internal" value="B98BC67"/>
        </identifiers>
        <balance>1339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>730560.08000000</valUSD>
        <pctVal>0.278496790376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Konoike Transport Co.,Ltd.</name>
        <lei>3538004PLQ2IF2DMNC61</lei>
        <title>KONOIKE TRANSPORT CO LTD</title>
        <cusip>J3S43H105</cusip>
        <identifiers>
          <isin value="JP3288970001"/>
          <other otherDesc="Internal" value="B99HH03"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>87444.56000000</valUSD>
        <pctVal>0.033334738596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoshino Resorts REIT, Inc.</name>
        <lei>353800DF2MUZWFL4IL56</lei>
        <title>HOSHINO RESORTS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047610005"/>
          <other otherDesc="Internal" value="BBH7G35"/>
        </identifiers>
        <balance>104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>158137.87000000</valUSD>
        <pctVal>0.060283733586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTAGE Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NEXTAGE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758210003"/>
          <other otherDesc="Internal" value="BBQ2ZC3"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>202545.99000000</valUSD>
        <pctVal>0.077212551934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyushu Railway Company</name>
        <lei>5299002CCI6HLWAN3K50</lei>
        <title>KYUSHU RAILWAY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247010006"/>
          <other otherDesc="Internal" value="BD2BST6"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>598069.48000000</valUSD>
        <pctVal>0.227990051964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open House Group Co.,LTD.</name>
        <lei>N/A</lei>
        <title>OPEN HOUSE GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
          <other otherDesc="Internal" value="BD3D170"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>716140.08000000</valUSD>
        <pctVal>0.272999742526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nishi-Nippon Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>NISHI NIPPON FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3658850007"/>
          <other otherDesc="Internal" value="BD57ZM3"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>656012.54000000</valUSD>
        <pctVal>0.250078524461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Money Forward, Inc.</name>
        <lei>35380017JS3GIGP6WN95</lei>
        <title>MONEY FORWARD INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869960009"/>
          <other otherDesc="Internal" value="BD5ZWW6"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>387998.03000000</valUSD>
        <pctVal>0.147908719605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="383956.38385400"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RAKUS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>RAKUS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967170006"/>
          <other otherDesc="Internal" value="BD87BM2"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>209736.88000000</valUSD>
        <pctVal>0.079953790937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOMEDA Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KOMEDA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305580007"/>
          <other otherDesc="Internal" value="BD96HP3"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>177757.75000000</valUSD>
        <pctVal>0.067763027565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyu Fudosan Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TOKYU FUDOSAN HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3569200003"/>
          <other otherDesc="Internal" value="BDC6LT2"/>
        </identifiers>
        <balance>105300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>873903.95000000</valUSD>
        <pctVal>0.333140903582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LaSalle LOGIPORT REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LASALLE LOGIPORT REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <other otherDesc="Internal" value="BDD1L29"/>
        </identifiers>
        <balance>312.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>277877.60000000</valUSD>
        <pctVal>0.105929713155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KATITAS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KATITAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3932950003"/>
          <other otherDesc="Internal" value="BF0QD69"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>231050.85000000</valUSD>
        <pctVal>0.088078888924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JAPAN ELEVATOR SERVICE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3389510003"/>
          <other otherDesc="Internal" value="BF0QWT5"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>257528.00000000</valUSD>
        <pctVal>0.098172242633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PKSHA Technology Inc.</name>
        <lei>N/A</lei>
        <title>PKSHA TECHNOLOGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780050005"/>
          <other otherDesc="Internal" value="BF1CV17"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>51433.25000000</valUSD>
        <pctVal>0.019606867984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8229.32000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>FOOD &amp; LIFE COMPANIES LTD.</name>
        <lei>529900CWF7GCVZKS5M87</lei>
        <title>FOOD LIFE COS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3397150008"/>
          <other otherDesc="Internal" value="BF1HPT8"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1589488.70000000</valUSD>
        <pctVal>0.605928948772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genky DrugStores Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GENKY DRUGSTORES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3282750003"/>
          <other otherDesc="Internal" value="BF41GY9"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>54942.20000000</valUSD>
        <pctVal>0.020944514729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Logistics REIT Investment Corporation</name>
        <lei>353800YYSGZU31ICQK38</lei>
        <title>MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048480002"/>
          <other otherDesc="Internal" value="BF46Y06"/>
        </identifiers>
        <balance>264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>187086.08000000</valUSD>
        <pctVal>0.071319080018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iida Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>IIDA GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131090007"/>
          <other otherDesc="Internal" value="BFDTBS3"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>427808.07000000</valUSD>
        <pctVal>0.163084703987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SG HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SG HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162770006"/>
          <other otherDesc="Internal" value="BFFY885"/>
        </identifiers>
        <balance>55200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>522629.11000000</valUSD>
        <pctVal>0.199231430346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Optorun Co Ltd</name>
        <lei>N/A</lei>
        <title>OPTORUN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197760006"/>
          <other otherDesc="Internal" value="BFNHLQ5"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78726.87000000</valUSD>
        <pctVal>0.030011468203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON REIT Investment Corporation.</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047650001"/>
          <other otherDesc="Internal" value="BFSSCF9"/>
        </identifiers>
        <balance>312.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>231133.56000000</valUSD>
        <pctVal>0.088110418801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;A Capital Partners Co Ltd</name>
        <lei>N/A</lei>
        <title>M A CAPITAL PARTNERS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167320005"/>
          <other otherDesc="Internal" value="BFTRL69"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>64442.08000000</valUSD>
        <pctVal>0.024565963753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San ju San Financial Group,Inc.</name>
        <lei>N/A</lei>
        <title>SAN JU SAN FINANCIAL GROUP INC</title>
        <cusip>J67264101</cusip>
        <identifiers>
          <isin value="JP3333500001"/>
          <other otherDesc="Internal" value="BFX06B4"/>
        </identifiers>
        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>201777.00000000</valUSD>
        <pctVal>0.076919405275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRE Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>CRE LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048680007"/>
          <other otherDesc="Internal" value="BFXZ9X2"/>
        </identifiers>
        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>101043.88000000</valUSD>
        <pctVal>0.038518935043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daishi Hokuetsu Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>DAISHI HOKUETSU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3483850008"/>
          <other otherDesc="Internal" value="BFYGQ44"/>
        </identifiers>
        <balance>38400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>622924.80000000</valUSD>
        <pctVal>0.237465147898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mercari, Inc.</name>
        <lei>3538009SK4V5AXSTUJ26</lei>
        <title>MERCARI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921290007"/>
          <other otherDesc="Internal" value="BG0GM14"/>
        </identifiers>
        <balance>21600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>626498.33000000</valUSD>
        <pctVal>0.238827413183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOSiLA Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>SOSILA LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048960003"/>
          <other otherDesc="Internal" value="BG0WNL9"/>
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        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>77404.65000000</valUSD>
        <pctVal>0.029507424748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTG Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MTG CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167430002"/>
          <other otherDesc="Internal" value="BG1VQG1"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>138246.05000000</valUSD>
        <pctVal>0.052700773367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kasumigaseki Capital Co.,Ltd.</name>
        <lei>353800K2AQIR06QHCT28</lei>
        <title>KASUMIGASEKI CAPITAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3211050004"/>
          <other otherDesc="Internal" value="BGXQL47"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>230954.07000000</valUSD>
        <pctVal>0.088041995422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="105853.94875000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mebuki Financial Group, Inc.</name>
        <lei>353800K1RXV3E3JAE812</lei>
        <title>MEBUKI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3117700009"/>
          <other otherDesc="Internal" value="BH0VTS2"/>
        </identifiers>
        <balance>153600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1632047.65000000</valUSD>
        <pctVal>0.622152845069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>K&amp;O Energy Group Inc.</name>
        <lei>N/A</lei>
        <title>K O ENERGY GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277020008"/>
          <other otherDesc="Internal" value="BH4TD79"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>60753.80000000</valUSD>
        <pctVal>0.023159954624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WingArc1st Inc.</name>
        <lei>N/A</lei>
        <title>WINGARC1ST INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3154360006"/>
          <other otherDesc="Internal" value="BHHDV30"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>103613.87000000</valUSD>
        <pctVal>0.039498640869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hulic Reit, Inc.</name>
        <lei>N/A</lei>
        <title>HULIC REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047660000"/>
          <other otherDesc="Internal" value="BJ04C42"/>
        </identifiers>
        <balance>240.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>225193.69000000</valUSD>
        <pctVal>0.085846081102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hirogin Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>HIROGIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3796150005"/>
          <other otherDesc="Internal" value="BJK6DZ6"/>
        </identifiers>
        <balance>45600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>683631.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sansan Inc</name>
        <lei>N/A</lei>
        <title>SANSAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3332540008"/>
          <other otherDesc="Internal" value="BJYJG18"/>
        </identifiers>
        <balance>12000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>173851.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Display Inc.</name>
        <lei>N/A</lei>
        <title>JAPAN DISPLAY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3389660006"/>
          <other otherDesc="Internal" value="BJYNHY0"/>
        </identifiers>
        <balance>148800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>45532.69000000</valUSD>
        <pctVal>0.017357515650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="43193.93764900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>JMDC Inc.</name>
        <lei>3538002M2SQV6WJ6MQ67</lei>
        <title>JMDC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386690006"/>
          <other otherDesc="Internal" value="BK7C5Q9"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>106525.18000000</valUSD>
        <pctVal>0.040608461283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Umios Corporation</name>
        <lei>N/A</lei>
        <title>UMIOS CORP</title>
        <cusip>J40015109</cusip>
        <identifiers>
          <isin value="JP3876600002"/>
          <other otherDesc="Internal" value="BKGHM19"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>194477.43000000</valUSD>
        <pctVal>0.074136736373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>freee K.K.</name>
        <lei>N/A</lei>
        <title>FREEE KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826520003"/>
          <other otherDesc="Internal" value="BKLFVR7"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>261719.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AZ-COM MARUWA Holdings Inc.</name>
        <lei>353800T8U9EBANSQUQ17</lei>
        <title>AZ COM MARUWA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879170003"/>
          <other otherDesc="Internal" value="BKRC097"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>54329.78000000</valUSD>
        <pctVal>0.020711054115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON EXPRESS HOLDINGS, INC.</name>
        <lei>353800J92032K44KQX35</lei>
        <title>NIPPON EXPRESS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3688370000"/>
          <other otherDesc="Internal" value="BKSHP63"/>
        </identifiers>
        <balance>38400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1384171.86000000</valUSD>
        <pctVal>0.527660121176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JOYFUL HONDA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JOYFUL HONDA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3392920009"/>
          <other otherDesc="Internal" value="BKW7HH4"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>134242.70000000</valUSD>
        <pctVal>0.051174656410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BuySell Technologies Co., Ltd.</name>
        <lei>353800QCRDO2G02AM851</lei>
        <title>BUYSELL TECHNOLOGIES CO LTD</title>
        <cusip>J04863106</cusip>
        <identifiers>
          <isin value="JP3778270003"/>
          <other otherDesc="Internal" value="BL0HBV5"/>
        </identifiers>
        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>87323.82000000</valUSD>
        <pctVal>0.033288711304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON REIT Investment Corporation</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>NIPPON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <other otherDesc="Internal" value="BLC7414"/>
        </identifiers>
        <balance>336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>173170.42000000</valUSD>
        <pctVal>0.066014291607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Timee, Inc.</name>
        <lei>N/A</lei>
        <title>TIMEE INC</title>
        <cusip>J83432104</cusip>
        <identifiers>
          <isin value="JP3449040009"/>
          <other otherDesc="Internal" value="BLGSM64"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>133256.93000000</valUSD>
        <pctVal>0.050798871053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Daiei Kankyo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DAIEI KANKYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3480470008"/>
          <other otherDesc="Internal" value="BLGVJD9"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>174823.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CCI Group, Inc.</name>
        <lei>N/A</lei>
        <title>CCI GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3851600001"/>
          <other otherDesc="Internal" value="BLGY239"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>290255.39000000</valUSD>
        <pctVal>0.110648250181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Juroku Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>JUROKU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3392650002"/>
          <other otherDesc="Internal" value="BLGYF07"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>433615.78000000</valUSD>
        <pctVal>0.165298660976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INFRONEER Holdings Inc.</name>
        <lei>353800G6TWA2W0MY9K16</lei>
        <title>INFRONEER HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3153850007"/>
          <other otherDesc="Internal" value="BLGYFQ3"/>
        </identifiers>
        <balance>38440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>684680.95000000</valUSD>
        <pctVal>0.261007208342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Synspective Inc.</name>
        <lei>52990035A9F4MQDCUW21</lei>
        <title>SYNSPECTIVE INC</title>
        <cusip>J78703105</cusip>
        <identifiers>
          <isin value="JP3376720003"/>
          <other otherDesc="Internal" value="BM9WB85"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>84021.95000000</valUSD>
        <pctVal>0.032030005521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAWAI GROUP HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SAWAI GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323040000"/>
          <other otherDesc="Internal" value="BMC9NN2"/>
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        <balance>19200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>191987.11000000</valUSD>
        <pctVal>0.073187401546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHC Holdings Corporation</name>
        <lei>3538001U3W83EUYS3187</lei>
        <title>PHC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3801300009"/>
          <other otherDesc="Internal" value="BMDHDB3"/>
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        <balance>6900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>68974.38000000</valUSD>
        <pctVal>0.026293721726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIAL Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>TRIAL HOLDINGS INC</title>
        <cusip>J9298X117</cusip>
        <identifiers>
          <isin value="JP3635490000"/>
          <other otherDesc="Internal" value="BMGS119"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>180880.88000000</valUSD>
        <pctVal>0.068953595877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="178368.64555500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Appier Group Inc</name>
        <lei>N/A</lei>
        <title>APPIER GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160960005"/>
          <other otherDesc="Internal" value="BMH40Q4"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>107664.31000000</valUSD>
        <pctVal>0.041042709003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRE HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>TRE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3538540000"/>
          <other otherDesc="Internal" value="BMTPP37"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>86327.38000000</valUSD>
        <pctVal>0.032908858435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Socionext Inc.</name>
        <lei>529900NKQHKPDKDHVO94</lei>
        <title>SOCIONEXT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3433500000"/>
          <other otherDesc="Internal" value="BMTVX75"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>416738.99000000</valUSD>
        <pctVal>0.158865060269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyoto Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>KYOTO FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3252200005"/>
          <other otherDesc="Internal" value="BMV4NR2"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1343096.59000000</valUSD>
        <pctVal>0.512001818496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plus Alpha Consulting Co.,LTD.</name>
        <lei>N/A</lei>
        <title>PLUS ALPHA CONSULTING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3832700003"/>
          <other otherDesc="Internal" value="BMYGJG6"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>67293.93000000</valUSD>
        <pctVal>0.025653117423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QPS Holdings Inc</name>
        <lei>N/A</lei>
        <title>QPS HOLDINGS INC</title>
        <cusip>J6466B109</cusip>
        <identifiers>
          <isin value="JP3244860007"/>
          <other otherDesc="Internal" value="BN6NH91"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>80528.52000000</valUSD>
        <pctVal>0.030698275155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="79410.06833300"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Simplex Holdings, Inc.</name>
        <lei>52990046QJDV23S0W953</lei>
        <title>SIMPLEX HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3383270000"/>
          <other otherDesc="Internal" value="BN7FYY0"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>206194.61000000</valUSD>
        <pctVal>0.078603442276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Visional, Inc.</name>
        <lei>N/A</lei>
        <title>VISIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3800270005"/>
          <other otherDesc="Internal" value="BNC53Q0"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>285715.73000000</valUSD>
        <pctVal>0.108917686503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cover Corp</name>
        <lei>52990035OHMHKGU4UZ13</lei>
        <title>COVER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3218500001"/>
          <other otherDesc="Internal" value="BNDTKL5"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>75546.59000000</valUSD>
        <pctVal>0.028799113741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOKUSAI ELECTRIC CORPORATION</name>
        <lei>N/A</lei>
        <title>KOKUSAI ELECTRIC CORP</title>
        <cusip>J3532A108</cusip>
        <identifiers>
          <isin value="JP3293330001"/>
          <other otherDesc="Internal" value="BNGHNG2"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>2351157.64000000</valUSD>
        <pctVal>0.896284746915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aichi Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>AICHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3104790005"/>
          <other otherDesc="Internal" value="BP29PF9"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>413568.33000000</valUSD>
        <pctVal>0.157656373047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chugin Financial Group,Inc.</name>
        <lei>N/A</lei>
        <title>CHUGIN FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3520700000"/>
          <other otherDesc="Internal" value="BP29PY8"/>
        </identifiers>
        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>587373.16000000</valUSD>
        <pctVal>0.223912508076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANYCOLOR Inc.</name>
        <lei>N/A</lei>
        <title>ANYCOLOR INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164780003"/>
          <other otherDesc="Internal" value="BP2QN78"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>91180.09000000</valUSD>
        <pctVal>0.034758759897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iyogin Holdings,Inc.</name>
        <lei>N/A</lei>
        <title>IYOGIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3149700001"/>
          <other otherDesc="Internal" value="BP38QH4"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1080466.20000000</valUSD>
        <pctVal>0.411884493894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shizuoka Financial Group, Inc.</name>
        <lei>353800MNO5C8V2SHGA81</lei>
        <title>SHIZUOKA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351500008"/>
          <other otherDesc="Internal" value="BP38QJ6"/>
        </identifiers>
        <balance>79200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>1818795.77000000</valUSD>
        <pctVal>0.693343091365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Integral Corporation</name>
        <lei>254900LBW5E2GUM0UK59</lei>
        <title>INTEGRAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152910000"/>
          <other otherDesc="Internal" value="BPG7MF8"/>
        </identifiers>
        <balance>1682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>31082.40000000</valUSD>
        <pctVal>0.011848920950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="27719.14387600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KADOKAWA CORPORATION</name>
        <lei>N/A</lei>
        <title>KADOKAWA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3214350005"/>
          <other otherDesc="Internal" value="BQQ1JP6"/>
        </identifiers>
        <balance>16816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>390531.21000000</valUSD>
        <pctVal>0.148874393091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Kiraboshi Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>TOKYO KIRABOSHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3584400000"/>
          <other otherDesc="Internal" value="BQQ1JS9"/>
        </identifiers>
        <balance>43200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>468565.07000000</valUSD>
        <pctVal>0.178621678969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SKYLARK HOLDINGS CO., LTD.</name>
        <lei>353800P64XSC0Q9CEB70</lei>
        <title>SKYLARK HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3396210001"/>
          <other otherDesc="Internal" value="BQQD167"/>
        </identifiers>
        <balance>42900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>904189.67000000</valUSD>
        <pctVal>0.344686122168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Metro Co., Ltd.</name>
        <lei>35380049N9IQPZ74JY58</lei>
        <title>TOKYO METRO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3583900000"/>
          <other otherDesc="Internal" value="BQTY1X4"/>
        </identifiers>
        <balance>52800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>486189.67000000</valUSD>
        <pctVal>0.185340352307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="441069.79532100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON KANZAI Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON KANZAI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695010003"/>
          <other otherDesc="Internal" value="BQZCC28"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>43306.30000000</valUSD>
        <pctVal>0.016508793572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PowerX, Inc.</name>
        <lei>529900QF88WUGEDWFN73</lei>
        <title>POWERX INC</title>
        <cusip>J6391R104</cusip>
        <identifiers>
          <isin value="JP3782910008"/>
          <other otherDesc="Internal" value="BR1WW85"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>54431.64000000</valUSD>
        <pctVal>0.020749884164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIFT Inc.</name>
        <lei>353800HJXMOPLJ7BO262</lei>
        <title>SHIFT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3355400007"/>
          <other otherDesc="Internal" value="BRJQJX3"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>201269.48000000</valUSD>
        <pctVal>0.076725933588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="196477.34952300"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rakuten Bank, Ltd.</name>
        <lei>N/A</lei>
        <title>RAKUTEN BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967220009"/>
          <other otherDesc="Internal" value="BRPTWP9"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>672510.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GENDA Inc.</name>
        <lei>353800JYKQUW85OO9O74</lei>
        <title>GENDA INC</title>
        <cusip>J1769T105</cusip>
        <identifiers>
          <isin value="JP3386890002"/>
          <other otherDesc="Internal" value="BRV2GK5"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78264.72000000</valUSD>
        <pctVal>0.029835292012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Rigaku Holdings Corporation</name>
        <lei>529900Y0KH94TFOLAZ47</lei>
        <title>RIGAKU HOLDINGS CORP</title>
        <cusip>J64708100</cusip>
        <identifiers>
          <isin value="JP3969750003"/>
          <other otherDesc="Internal" value="BRZWM70"/>
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        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>241847.42000000</valUSD>
        <pctVal>0.092194649111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Reit, Inc.</name>
        <lei>N/A</lei>
        <title>SEKISUI HOUSE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
          <other otherDesc="Internal" value="BSKRKL7"/>
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        <balance>768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>351756.43000000</valUSD>
        <pctVal>0.134093060148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ryoyo Ryosan Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>RYOYO RYOSAN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3975410006"/>
          <other otherDesc="Internal" value="BSLKXP0"/>
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        <balance>4876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>99195.21000000</valUSD>
        <pctVal>0.037814203598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Astroscale Holdings Inc.</name>
        <lei>254900E6SUMFYWM7KA11</lei>
        <title>ASTROSCALE HOLDINGS INC</title>
        <cusip>J0339L105</cusip>
        <identifiers>
          <isin value="JP3119820003"/>
          <other otherDesc="Internal" value="BSMRM19"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>118245.26000000</valUSD>
        <pctVal>0.045076272696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U-NEXT HOLDINGS Co.,Ltd.</name>
        <lei>5299008NVOZT1CQ62M22</lei>
        <title>U NEXT HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3944640006"/>
          <other otherDesc="Internal" value="BSN5BP9"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>130121.78000000</valUSD>
        <pctVal>0.049603720597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BLUE ZONES HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>BLUE ZONES HOLDINGS CO LTD</title>
        <cusip>J0447S109</cusip>
        <identifiers>
          <isin value="JP3831110006"/>
          <other otherDesc="Internal" value="BSRFNL5"/>
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        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>194080.75000000</valUSD>
        <pctVal>0.073985517999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METAWATER Co., Ltd.</name>
        <lei>N/A</lei>
        <title>METAWATER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921260000"/>
          <other otherDesc="Internal" value="BSTJDT3"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>93510.89000000</valUSD>
        <pctVal>0.035647284108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tekscend Photomask Corp.</name>
        <lei>353800F4MU4MCZEB9S06</lei>
        <title>TEKSCEND PHOTOMASK CORP</title>
        <cusip>J82885104</cusip>
        <identifiers>
          <isin value="JP3545320008"/>
          <other otherDesc="Internal" value="BTWQNZ4"/>
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        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>224145.88000000</valUSD>
        <pctVal>0.085446645477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GMO Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>GMO FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386550002"/>
          <other otherDesc="Internal" value="BVVQ8T8"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>54820.36000000</valUSD>
        <pctVal>0.020898068105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MACNICA HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>MACNICA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3862960006"/>
          <other otherDesc="Internal" value="BVVQ8X2"/>
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        <balance>26400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Super Markets Holdings Inc.</name>
        <lei>N/A</lei>
        <title>UNITED SUPER MARKETS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3949450005"/>
          <other otherDesc="Internal" value="BVZ6XS8"/>
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        <balance>14400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>73464.79000000</valUSD>
        <pctVal>0.028005510813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Muninova Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MUNINOVA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3914100007"/>
          <other otherDesc="Internal" value="BW1LX39"/>
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        <balance>57600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>160007.70000000</valUSD>
        <pctVal>0.060996531435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RS Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>RS TECHNOLOGIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100350002"/>
          <other otherDesc="Internal" value="BW4F6F1"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
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        <valUSD>87712.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SanBio Company Limited</name>
        <lei>N/A</lei>
        <title>SANBIO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336750009"/>
          <other otherDesc="Internal" value="BWDNFN7"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Menicon Co., Ltd.</name>
        <lei>3538000OOSRECSEX2327</lei>
        <title>MENICON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921270009"/>
          <other otherDesc="Internal" value="BYL7K85"/>
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        <balance>12000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BayCurrent, Inc.</name>
        <lei>N/A</lei>
        <title>BAYCURRENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
          <other otherDesc="Internal" value="BYP20B9"/>
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        <balance>26400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dexerials Corporation</name>
        <lei>N/A</lei>
        <title>DEXERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548770001"/>
          <other otherDesc="Internal" value="BYP97J7"/>
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        <balance>31200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITOHAM YONEKYU HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>ITOHAM YONEKYU HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3144500000"/>
          <other otherDesc="Internal" value="BYPKSR5"/>
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        <balance>4840.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Samty Residential Investment Corporation</name>
        <lei>N/A</lei>
        <title>SAMTY RESIDENTIAL INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047960004"/>
          <other otherDesc="Internal" value="BYRVCJ6"/>
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        <balance>72.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSMO ENERGY HOLDINGS COMPANY, LIMITED</name>
        <lei>353800Y4GZ7KR5X7L150</lei>
        <title>COSMO ENERGY HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3298000005"/>
          <other otherDesc="Internal" value="BYSJJ43"/>
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        <balance>21600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>576568.33000000</valUSD>
        <pctVal>0.219793599094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Master Fund, Inc.</name>
        <lei>N/A</lei>
        <title>NOMURA REAL ESTATE MASTER FUND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
          <other otherDesc="Internal" value="BYSJJF4"/>
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        <balance>744.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>684134.32000000</valUSD>
        <pctVal>0.260798827532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUSURI NO AOKI HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>KUSURI NO AOKI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3266190002"/>
          <other otherDesc="Internal" value="BYX8TV2"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>185453.28000000</valUSD>
        <pctVal>0.070696640370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE FIRST BANK OF TOYAMA,LTD.</name>
        <lei>98450054D3B87A37C666</lei>
        <title>FIRST BANK OF TOYAMA LTD THE</title>
        <cusip>J13485107</cusip>
        <identifiers>
          <isin value="JP3632150003"/>
          <other otherDesc="Internal" value="BYXBL82"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>190688.25000000</valUSD>
        <pctVal>0.072692263157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Star Asia Investment Corporation</name>
        <lei>N/A</lei>
        <title>STAR ASIA INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048200004"/>
          <other otherDesc="Internal" value="BYYJ8J5"/>
        </identifiers>
        <balance>480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>160584.64000000</valUSD>
        <pctVal>0.061216466719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELLSYSTEM24 HOLDINGS, INC.</name>
        <lei>353800JZJDPUWIH3M649</lei>
        <title>BELL SYSTEM24 HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835760004"/>
          <other otherDesc="Internal" value="BYYZH63"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>62835.71000000</valUSD>
        <pctVal>0.023953599484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyushu Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>KYUSHU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3246500007"/>
          <other otherDesc="Internal" value="BYZ5XN1"/>
        </identifiers>
        <balance>62400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>616716.93000000</valUSD>
        <pctVal>0.235098645926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Logistics Park Inc.</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>MITSUI FUDOSAN LOGISTICS PARK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <other otherDesc="Internal" value="BYZWTW3"/>
        </identifiers>
        <balance>576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>374687.05000000</valUSD>
        <pctVal>0.142834441242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRARTH Real Estate Investment Corporation</name>
        <lei>353800B55299YP0HS329</lei>
        <title>MIRARTH REAL ESTATE INVESTMENT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048750008"/>
          <other otherDesc="Internal" value="BZ16GD6"/>
        </identifiers>
        <balance>159.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>78566.05000000</valUSD>
        <pctVal>0.029950162014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAI Corporation</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>MIRAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
          <other otherDesc="Internal" value="BZ1B0D9"/>
        </identifiers>
        <balance>360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>92206.11000000</valUSD>
        <pctVal>0.035149888956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KH Neochem Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KH NEOCHEM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277040006"/>
          <other otherDesc="Internal" value="BZCRNM6"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>155764.72000000</valUSD>
        <pctVal>0.059379065133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINI TPX IDX FUT SEP26</name>
        <lei>N/A</lei>
        <title>MINI TPX IDX FUT SEP26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="TPXMU26"/>
          <other otherDesc="INTERNAL" value="TMIU62022"/>
        </identifiers>
        <balance>35.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="159.75000000"/>
        <valUSD>17732.15000000</valUSD>
        <pctVal>0.006759672471</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>OSAKA EXCHANGE,INC</counterpartyName>
              <counterpartyLei>3538001249AILNPRUX57</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>mini-TOPIX FUTURE Sep 2026</indexName>
                <indexIdentifier>TPXMU26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-09-11</expDate>
            <notionalAmt>888715.73000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>17732.15000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
