<SEC-DOCUMENT>0001752724-24-118782.txt : 20240524
<SEC-HEADER>0001752724-24-118782.hdr.sgml : 20240524
<ACCEPTANCE-DATETIME>20240524123733
ACCESSION NUMBER:		0001752724-24-118782
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240331
FILED AS OF DATE:		20240524
DATE AS OF CHANGE:		20240524
PERIOD START:           	20241231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EUROPEAN EQUITY FUND, INC / MD
		CENTRAL INDEX KEY:			0000791718
		ORGANIZATION NAME:           	
		IRS NUMBER:				260529973
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04632
		FILM NUMBER:		24982792

	BUSINESS ADDRESS:	
		STREET 1:		875 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-6225
		BUSINESS PHONE:		212-454-4500

	MAIL ADDRESS:	
		STREET 1:		875 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-6225

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERMANY FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA /EUR/ 0.00000000</title>
        <cusip>E19790109</cusip>
        <identifiers>
          <isin value="ES0113900J37"/>
        </identifiers>
        <balance>345506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1686713.15000000</valUSD>
        <pctVal>2.295513073436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPGEMINI SE /EUR/</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>CAPGEMINI SE /EUR/ 0.00000000</title>
        <cusip>F4973Q101</cusip>
        <identifiers>
          <isin value="FR0000125338"/>
        </identifiers>
        <balance>3101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>714160.33000000</valUSD>
        <pctVal>0.971928376822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPASS GROUP PLC /GBP/</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC /GBP/ 0.00000000</title>
        <cusip>G23296208</cusip>
        <identifiers>
          <isin value="GB00BD6K4575"/>
        </identifiers>
        <balance>67024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>1966449.98000000</valUSD>
        <pctVal>2.676217729937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>L'OREAL /EUR/</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'OREAL /EUR/ 0.00000000</title>
        <cusip>F58149133</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
        </identifiers>
        <balance>2357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1116299.72000000</valUSD>
        <pctVal>1.519215404903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPAGNIE DE SAINT GOBAI /EUR/</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>COMPAGNIE DE SAINT GOBAIN /EUR/ 0.00000000</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
        </identifiers>
        <balance>19060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1480253.37000000</valUSD>
        <pctVal>2.014533984532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCK KGAA /EUR/</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>MERCK KGAA /EUR/ 0.00000000</title>
        <cusip>D5357W103</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
        </identifiers>
        <balance>6583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1162814.01000000</valUSD>
        <pctVal>1.582518498732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRENNTAG SE /EUR/</name>
        <lei>NNROIXVWJ7CPSR27SV97</lei>
        <title>BRENNTAG SE /EUR/ 0.00000000</title>
        <cusip>D12459117</cusip>
        <identifiers>
          <isin value="DE000A1DAHH0"/>
        </identifiers>
        <balance>13880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1170125.31000000</valUSD>
        <pctVal>1.592468729294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANOFI /EUR/</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI /EUR/ 0.00000000</title>
        <cusip>F5548N101</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
        </identifiers>
        <balance>13278.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1304025.90000000</valUSD>
        <pctVal>1.774699214000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERNOD RICARD SA /EUR/</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>PERNOD RICARD SA /EUR/ 0.00000000</title>
        <cusip>F72027109</cusip>
        <identifiers>
          <isin value="FR0000120693"/>
        </identifiers>
        <balance>3677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>595310.03000000</valUSD>
        <pctVal>0.810180413079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRH PLC /GBP/</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC /GBP/ 0.00000000</title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
        </identifiers>
        <balance>30037.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>2590319.99000000</valUSD>
        <pctVal>3.525266522899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFORMA PLC /GBP/</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFORMA PLC /GBP/ 0.00000000</title>
        <cusip>G4770L106</cusip>
        <identifiers>
          <isin value="GB00BMJ6DW54"/>
        </identifiers>
        <balance>91341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>958902.93000000</valUSD>
        <pctVal>1.305008034099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRESENIUS SE &amp; CO KGAA /EUR/</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>FRESENIUS SE &amp; CO KGAA /EUR/ 0.00000000</title>
        <cusip>D27348263</cusip>
        <identifiers>
          <isin value="DE0005785604"/>
        </identifiers>
        <balance>24619.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>664528.36000000</valUSD>
        <pctVal>0.904382311864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENTOKIL INITIAL PLC /GBP/</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>RENTOKIL INITIAL PLC /GBP/ 0.00000000</title>
        <cusip>G7494G105</cusip>
        <identifiers>
          <isin value="GB00B082RF11"/>
        </identifiers>
        <balance>115540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>688337.75000000</valUSD>
        <pctVal>0.936785430329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NESTLE SA-REG /CHF/</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA-REG /CHF/ 0.00000000</title>
        <cusip>H57312649</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
        </identifiers>
        <balance>14454.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90080000"/>
        <valUSD>1536379.33000000</valUSD>
        <pctVal>2.090917971305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXA SA /EUR/</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA /EUR/ 0.00000000</title>
        <cusip>F06106102</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
        </identifiers>
        <balance>56414.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>2120588.47000000</valUSD>
        <pctVal>2.885990754423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DHL GROUP /EUR/</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DHL GROUP /EUR/ 0.00000000</title>
        <cusip>D19225107</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
        </identifiers>
        <balance>27152.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1170148.71000000</valUSD>
        <pctVal>1.592500575257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RWE AG /EUR/</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG /EUR/ 0.00000000</title>
        <cusip>D6629K109</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
        </identifiers>
        <balance>26621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>904245.14000000</valUSD>
        <pctVal>1.230622136586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOLKSWAGENWERK AG PRF /EUR/</name>
        <lei>529900NNUPAGGOMPXZ31</lei>
        <title>VOLKSWAGENWERK AG PRF /EUR/ 0.00000000</title>
        <cusip>D94523103</cusip>
        <identifiers>
          <isin value="DE0007664039"/>
        </identifiers>
        <balance>5686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>754136.16000000</valUSD>
        <pctVal>1.026333027895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELX PLC /GBP/</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC /GBP/ 0.00000000</title>
        <cusip>G7493L105</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
        </identifiers>
        <balance>33069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>1430072.87000000</valUSD>
        <pctVal>1.946241403911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSAL MUSIC GROUP NV /EUR/</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>UNIVERSAL MUSIC GROUP NV /EUR/ 0.00000000</title>
        <cusip>N90313102</cusip>
        <identifiers>
          <isin value="NL0015000IY2"/>
        </identifiers>
        <balance>30562.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>919978.42000000</valUSD>
        <pctVal>1.252034165020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE TELEKOM AG-REG /EUR/</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>DEUTSCHE TELEKOM AG-REG /EUR/ 0.00000000</title>
        <cusip>D2035M136</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
        </identifiers>
        <balance>67282.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1634498.45000000</valUSD>
        <pctVal>2.224452071466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PORSCHE AUTOMOBIL HLDG-P /EUR/</name>
        <lei>52990053Z17ZYM1KFV27</lei>
        <title>PORSCHE AUTOMOBIL HLDG-PRF /EUR/ 0.00000000</title>
        <cusip>D6240C122</cusip>
        <identifiers>
          <isin value="DE000PAH0038"/>
        </identifiers>
        <balance>12572.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>666754.31000000</valUSD>
        <pctVal>0.907411693194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHELL PLC-NEW /GBP/</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>SHELL PLC-NEW /GBP/ 0.00000000</title>
        <cusip>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
        </identifiers>
        <balance>36870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>1222378.76000000</valUSD>
        <pctVal>1.663582467636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DSV DKK1 /DKK/</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV DKK1 /DKK/ 0.00000000</title>
        <cusip>K31864117</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
        </identifiers>
        <balance>5609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.90740000"/>
        <valUSD>911095.06000000</valUSD>
        <pctVal>1.239944457285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTALENERGIES SE /EUR/</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTALENERGIES SE /EUR/ 0.00000000</title>
        <cusip>F92124100</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
        </identifiers>
        <balance>30148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>2065999.00000000</valUSD>
        <pctVal>2.811697836236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIKA AG-REG /CHF/</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>SIKA AG-REG /CHF/ 0.00000000</title>
        <cusip>H7631K273</cusip>
        <identifiers>
          <isin value="CH0418792922"/>
        </identifiers>
        <balance>3834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90080000"/>
        <valUSD>1143219.80000000</valUSD>
        <pctVal>1.555851981536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIE FINANCIERE RICHEMO-A /CHF/</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>CIE FINANCIERE RICHEMO-A REG /CHF/ 0.00000000</title>
        <cusip>H25662182</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
        </identifiers>
        <balance>3520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90080000"/>
        <valUSD>537300.18000000</valUSD>
        <pctVal>0.731232567641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVMH MOET HENNESSY LOUIS /EUR/</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH MOET HENNESSY LOUIS VUI /EUR/ 0.00000000</title>
        <cusip>F58485115</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
        </identifiers>
        <balance>1862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1676071.65000000</valUSD>
        <pctVal>2.281030645069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCOUT24 SE /EUR/</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>SCOUT24 SE /EUR/ 144A 0.00000000</title>
        <cusip>D345XT105</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
        </identifiers>
        <balance>12092.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>912073.47000000</valUSD>
        <pctVal>1.241276013244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEINEKEN NV /EUR/</name>
        <lei>N/A</lei>
        <title>HEINEKEN NV /EUR/ 0.00000000</title>
        <cusip>N39427211</cusip>
        <identifiers>
          <isin value="NL0000009165"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>414779.71000000</valUSD>
        <pctVal>0.564489727788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASHTEAD GROUP PLC /GBP/</name>
        <lei>2138007UTBN8X9K1A235</lei>
        <title>ASHTEAD GROUP PLC /GBP/ 0.00000000</title>
        <cusip>G05320109</cusip>
        <identifiers>
          <isin value="GB0000536739"/>
        </identifiers>
        <balance>8718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>621011.04000000</valUSD>
        <pctVal>0.845157910263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SVENSKA HANDELSBANKEN-A  /SEK/</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>SVENSKA HANDELSBANKEN-A SHS /SEK/ 0.00000000</title>
        <cusip>W9112U104</cusip>
        <identifiers>
          <isin value="SE0007100599"/>
        </identifiers>
        <balance>90776.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.69330000"/>
        <valUSD>918940.08000000</valUSD>
        <pctVal>1.250621048009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="911144.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO BANK NV-CVA /EUR/</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO BANK NV-CVA /EUR/ 144A 0.00000000</title>
        <cusip>N0162C102</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
        </identifiers>
        <balance>71406.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1221988.37000000</valUSD>
        <pctVal>1.663051170806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DSM-FIRMENICH AG /EUR/</name>
        <lei>506700G44V67MPM4BI12</lei>
        <title>DSM-FIRMENICH AG /EUR/ 0.00000000</title>
        <cusip>H0245V108</cusip>
        <identifiers>
          <isin value="CH1216478797"/>
        </identifiers>
        <balance>9121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1037973.27000000</valUSD>
        <pctVal>1.412617913818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADIDAS AG /EUR/</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>ADIDAS AG /EUR/ 0.00000000</title>
        <cusip>D0066B185</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
        </identifiers>
        <balance>3033.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>677869.13000000</valUSD>
        <pctVal>0.922538281031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASTRAZENECA PLC /GBP/</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC /GBP/ 0.00000000</title>
        <cusip>G0593M107</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
        </identifiers>
        <balance>8552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>1153349.57000000</valUSD>
        <pctVal>1.569637976781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIVENDI SE /EUR/</name>
        <lei>969500FU4DRAEVJW7U54</lei>
        <title>VIVENDI SE /EUR/ 0.00000000</title>
        <cusip>F97982106</cusip>
        <identifiers>
          <isin value="FR0000127771"/>
        </identifiers>
        <balance>85716.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>934730.41000000</valUSD>
        <pctVal>1.272110717992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATLAS COPCO AB-A SHS /SEK/</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>ATLAS COPCO AB-A SHS /SEK/ 0.00000000</title>
        <cusip>W1R924252</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
        </identifiers>
        <balance>68091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.69330000"/>
        <valUSD>1151267.88000000</valUSD>
        <pctVal>1.566804924457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC /GBP/</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC /GBP/ 0.00000000</title>
        <cusip>G4634U169</cusip>
        <identifiers>
          <isin value="GB0005405286"/>
        </identifiers>
        <balance>267427.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79176563"/>
        <valUSD>2090736.26000000</valUSD>
        <pctVal>2.845363728822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMURFIT KAPPA GROUP PLC /EUR/</name>
        <lei>635400CPLP8H5ITDVT56</lei>
        <title>SMURFIT KAPPA GROUP PLC /EUR/ 0.00000000</title>
        <cusip>G8248F104</cusip>
        <identifiers>
          <isin value="IE00B1RR8406"/>
        </identifiers>
        <balance>26343.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1202266.04000000</valUSD>
        <pctVal>1.636210290154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVO NORDISK A/S-B /DKK/</name>
        <lei>N/A</lei>
        <title>NOVO NORDISK A/S-B /DKK/ 0.00000000</title>
        <cusip>K72807140</cusip>
        <identifiers>
          <isin value="DK0062498333"/>
        </identifiers>
        <balance>34990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.90740000"/>
        <valUSD>4464297.28000000</valUSD>
        <pctVal>6.075634597351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVIDE CAMPARI-MILANO NV /EUR/</name>
        <lei>N/A</lei>
        <title>DAVIDE CAMPARI-MILANO NV /EUR/ 0.00000000</title>
        <cusip>N24565108</cusip>
        <identifiers>
          <isin value="NL0015435975"/>
        </identifiers>
        <balance>76418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>768154.27000000</valUSD>
        <pctVal>1.045410815230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DWS</name>
        <lei>N/A</lei>
        <title>DWS Gov and Agency Sec Portfolio DWS Gov Cash Inst Shs</title>
        <cusip>147539670</cusip>
        <identifiers>
          <isin value="US1475396701"/>
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        <balance>967500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>967500.00000000</valUSD>
        <pctVal>1.316708118715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="967500.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INFINEON TECHNOLOGIES AG /EUR/</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHNOLOGIES AG /EUR/ 0.00000000</title>
        <cusip>D35415104</cusip>
        <identifiers>
          <isin value="DE0006231004"/>
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        <balance>25144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>855568.49000000</valUSD>
        <pctVal>1.164376203514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING NV /EUR/</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV /EUR/ 0.00000000</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
        </identifiers>
        <balance>3091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>2977586.08000000</valUSD>
        <pctVal>4.052311902544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE /EUR/</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE /EUR/ 0.00000000</title>
        <cusip>D66992104</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
        </identifiers>
        <balance>6495.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1265503.09000000</valUSD>
        <pctVal>1.722272033967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DWS</name>
        <lei>N/A</lei>
        <title>DWS CENTRAL CASH MANAGEMENT GOVERNMENT FUND 0.00000000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="495583"/>
        </identifiers>
        <balance>1732769.63000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1732769.63000000</valUSD>
        <pctVal>2.358193115953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE LUFTHANSA-REG /EUR/</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA-REG /EUR/ 0.00000000</title>
        <cusip>D1908N106</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
        </identifiers>
        <balance>81593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>641426.70000000</valUSD>
        <pctVal>0.872942370492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E.ON SE /EUR/</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE /EUR/ 0.00000000</title>
        <cusip>D24914133</cusip>
        <identifiers>
          <isin value="DE000ENAG999"/>
        </identifiers>
        <balance>65340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>909005.80000000</valUSD>
        <pctVal>1.237101102656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTESA SANPAOLO /EUR/</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>INTESA SANPAOLO /EUR/ 0.00000000</title>
        <cusip>T55067101</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
        </identifiers>
        <balance>309588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1124123.65000000</valUSD>
        <pctVal>1.529863293432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VINCI SA /EUR/</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>VINCI SA /EUR/ 0.00000000</title>
        <cusip>F5879X108</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
        </identifiers>
        <balance>11305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1449585.57000000</valUSD>
        <pctVal>1.972796990999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HOLDING AG-GENUSSC /CHF/</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDING AG-GENUSSCHEIN /CHF/ 0.00000000</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
        </identifiers>
        <balance>5062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90080000"/>
        <valUSD>1290787.52000000</valUSD>
        <pctVal>1.756682591339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STELLANTIS NV /EUR/</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STELLANTIS NV /EUR/ 0.00000000</title>
        <cusip>N82405106</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
        </identifiers>
        <balance>36346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1033850.94000000</valUSD>
        <pctVal>1.407007675700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ING GROEP NV /EUR/</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV /EUR/ 0.00000000</title>
        <cusip>N4578E595</cusip>
        <identifiers>
          <isin value="NL0011821202"/>
        </identifiers>
        <balance>94195.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92618319"/>
        <valUSD>1550553.90000000</valUSD>
        <pctVal>2.110208691097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>The European Equity Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally </ncom:signature>
      <ncom:signerName>Diane Kenneally </ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
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<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>eef_033124.htm
<DESCRIPTION>SOI
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The European Equity Fund, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 15pc; vertical-align: bottom">Schedule of Investments </TD>
  <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -0.01pt; vertical-align: bottom">as of March 31, 2024 (Unaudited)</TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 76%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>Shares</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>Value ($)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 12.2pt; text-indent: -12.2pt"><FONT STYLE="font-size: 8pt"><B>Common Stocks&nbsp;95.0%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Germany&nbsp;20.8%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Air Freight &amp; Logistics 1.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Deutsche Post AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">27,152</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,170,149</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Diversified Telecommunication Services 2.2% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Deutsche Telekom AG (Registered)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67,282</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,634,498</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Health Care Providers &amp; Services 0.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Fresenius SE &amp; Co KGaA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">24,619</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>664,528</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Independent Power &amp; Renewable Electricity Producers 1.2% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">RWE AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">26,621</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>904,245</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Insurance 3.4% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Allianz SE (Registered)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,402</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>2,520,101</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Interactive Media &amp; Services 1.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Scout24 SE 144A</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12,092</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>912,074</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Multi-Utilities 1.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">E.ON SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">65,340</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>909,006</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Passenger Airlines 0.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Deutsche Lufthansa AG (Registered)*</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81,593</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>641,427</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Pharmaceuticals 1.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Merck KGaA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,583</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,162,814</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Semiconductors &amp; Semiconductor Equipment 1.2% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Infineon Technologies AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">25,144</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>855,569</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Software 1.7% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">SAP SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6,495</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,265,503</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Textiles, Apparel &amp; Luxury Goods 1.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">adidas AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,033</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">677,869</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Puma SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,346</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">741,602</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>1,419,471</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Trading Companies &amp; Distributors 1.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Brenntag SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13,880</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,170,125</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Total Germany</B> (Cost $13,628,314)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>&#9;15,229,510</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>France&nbsp;18.3%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Beverages 0.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Pernod Ricard SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,677</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>595,310</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Building Products 2.0% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Cie de Saint-Gobain SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19,060</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,480,253</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Construction &amp; Engineering 2.0% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Vinci SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,305</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>1,449,586</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Insurance 2.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">AXA SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56,414</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>2,120,589</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>IT Services 0.9%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Capgemini SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3,101</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>714,160</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Media 1.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">Vivendi SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">85,716</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>934,730</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 76%"><FONT STYLE="font-size: 8pt"><B>Oil, Gas &amp; Consumable Fuels 2.8% </B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">TotalEnergies SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">30,148</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>2,065,999</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>Shares</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>Value ($)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Personal Care Products 1.5% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">L'Oreal SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">2,357</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,116,300</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Pharmaceuticals 1.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Sanofi SA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">13,278</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,304,026</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Textiles, Apparel &amp; Luxury Goods 2.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">LVMH Moet Hennessy Louis Vuitton SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,862</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,676,072</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total France</B> (Cost $11,422,498)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;13,457,025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>United Kingdom&nbsp;13.8%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Banks 2.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">HSBC Holdings PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">267,427</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,090,736</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Commercial Services &amp; Supplies 0.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Rentokil Initial PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">115,540</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>688,338</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Hotels, Restaurants &amp; Leisure 2.7% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Compass Group PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">67,024</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,966,450</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Media 1.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Informa PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">91,341</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>958,903</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Oil, Gas &amp; Consumable Fuels 1.7% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Shell PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">36,870</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,222,379</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Pharmaceuticals 1.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">AstraZeneca PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">8,552</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,153,349</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Professional Services 2.0% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">RELX PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">33,069</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,430,073</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Trading Companies &amp; Distributors 0.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Ashtead Group PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">8,718</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>621,011</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total United Kingdom</B> (Cost $7,355,296)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;10,131,239</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Netherlands&nbsp;11.0%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Automobiles 1.4% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Stellantis NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">36,346</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,033,851</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Banks 3.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">ABN AMRO Bank NV (CVA) 144A</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">71,406</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,221,988</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">ING Groep NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">94,195</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,550,554</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,772,542</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Beverages 0.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Heineken NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">4,300</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>414,780</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Entertainment 1.2% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Universal Music Group NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">30,562</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>919,978</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Semiconductors &amp; Semiconductor Equipment 4.0% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">ASML Holding NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">3,091</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,977,586</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Netherlands</B> (Cost $4,310,386)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;8,118,737</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Switzerland&nbsp;8.6%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Chemicals 2.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">DSM-Firmenich AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">9,121</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,037,973</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Sika AG (Registered)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">3,834</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,143,220</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,181,193</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Food Products 2.1% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Nestle SA (Registered)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">14,454</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,536,379</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Pharmaceuticals 1.8% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Roche Holding AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">5,062</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,290,788</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 76%">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: orangered">&nbsp;</P></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>Shares</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>Value ($)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Semiconductors &amp; Semiconductor Equipment 1.1% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">STMicroelectronics NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">18,529</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>798,630</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Textiles, Apparel &amp; Luxury Goods 0.7% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Cie Financiere Richemont SA ''A'' (Registered)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">3,520</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>537,300</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Switzerland</B> (Cost $6,949,595)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;6,344,290</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Denmark&nbsp;7.3%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Air Freight &amp; Logistics 1.2% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">DSV A/S</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">5,609</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>911,095</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Pharmaceuticals 6.1% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Novo Nordisk A/S ''B''</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">34,990</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>4,464,297</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Denmark</B> (Cost $1,766,731)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;5,375,392</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Ireland&nbsp;5.2%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Construction Materials 3.5% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">CRH PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">30,037</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,590,320</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Containers &amp; Packaging 1.7% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Smurfit Kappa Group PLC</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">26,343</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,202,266</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Ireland</B> (Cost $2,932,789)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;3,792,586</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Sweden&nbsp;5.1%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Banks 3.5% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Svenska Handelsbanken AB ''A''&#8224;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">90,776</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">918,940</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Swedbank AB ''A''</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">85,000</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,687,552</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>2,606,492</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Machinery 1.6% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Atlas Copco AB ''A''</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">68,091</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,151,268</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Sweden</B> (Cost $2,857,282)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;3,757,760</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Italy&nbsp;2.6%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Banks 1.5% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Intesa Sanpaolo SpA</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">309,588</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,124,124</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Beverages 1.1% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Davide Campari-Milano NV</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">76,418</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>768,154</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Italy</B> (Cost $1,871,645)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;1,892,278</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Spain 2.3%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Banks 2.3% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Banco Santander SA (Cost $1,338,872) </FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">345,506</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,686,713</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Common Stocks</B> (Cost $54,433,408)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;69,785,530</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 12.2pt; text-indent: -12.2pt"><FONT STYLE="font-size: 8pt; color: black"><B>Preferred Stocks&nbsp;1.9%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Germany&nbsp;1.9%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Automobiles 1.9% </B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Porsche Automobil Holding SE</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">12,572</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">666,754</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black">Volkswagen AG</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">5,686</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt; color: black">754,136</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>1,420,890</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Germany</B> (Cost $2,520,052)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;1,420,890</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt; color: black"><B>Total Preferred Stocks</B> (Cost $2,520,052)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;1,420,890</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 12.2pt; text-indent: -12.2pt"><FONT STYLE="font-size: 8pt; color: black"><B>Securities Lending Collateral&nbsp;1.3%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt; color: black">DWS Government &amp; Agency Securities Portfolio ''DWS Government Cash Institutional Shares'', 5.26% (Cost $967,500) (a) (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 12.2pt; text-align: right; text-indent: -12.2pt"><FONT STYLE="font-size: 8pt; color: black">967,500</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;967,500</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; color: black"><B>Cash Equivalents&nbsp;2.4%</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt; color: black">DWS Central Cash Management Government Fund, 5.36% (Cost $1,732,770) (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt; color: black">1,732,770</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt; color: black"><B>&#9;1,732,770</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 76%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 8pt"><B>% of Net </B></FONT></TD>
    <TD STYLE="width: 14%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>Value ($)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Total Investment Portfolio</B> (Cost $59,653,730)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">100.6</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&#9;73,906,690</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>Other Assets and Liabilities, Net</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.6)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B>&#9;(439,114)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Net Assets</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">100.0</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"><B>&#9;73,467,576</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">For information on the Fund&#8217;s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund&#8217;s most recent semi-annual or annual financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">A summary of the Fund&#8217;s transactions with affiliated investments during the period ended March 31, 2024 are as follows:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; border-bottom: #949494 1pt solid">
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><B>Value ($)</B></P>
    <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B>at 12/31/2023</B></P></TD>
    <TD STYLE="width: 10%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Purchases Cost<BR>
($)</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Sales <BR>
Proceeds<BR>
($)</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Net<BR>
Realized<BR>
Gain/<BR>
(Loss)<BR>
($)</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Net<BR>
Change in<BR>
Unrealized<BR>
Appreciation/<BR>
(Depreciation) <BR>
($)</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Income<BR>
($)</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Capital<BR>
Gain<BR>
Distributions<BR>
($)</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Number<BR>
of Shares<BR>
at<BR>
3/31/2024</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: #949494 1pt solid; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Value ($) <BR>
at<BR>
3/31/2024 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt"><B>Securities Lending Collateral 1.3%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt">DWS Government &amp; Agency Securities Portfolio ''DWS Government Cash Institutional Shares'', 5.26% (a) (b)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;967,500 (c)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;</FONT></TD>
    <TD STYLE="border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">
    &nbsp;&nbsp;7,791</FONT></TD>
    <TD STYLE="border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;967,500</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #D5D5D5 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;&nbsp;967,500</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt"><B>Cash Equivalents 2.4%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt">DWS Central Cash Management Government Fund, 5.36% (b)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">1,250,300</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">2,780,608</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">2,298,138</FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">18,113</FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&#8211;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">1,732,770</FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">1,732,770</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>1,250,300</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>3,748,108</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>2,298,138</B></FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>&#8211;</B></FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>&#8211;</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>25,904</B></FONT></TD>
    <TD STYLE="border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>&#8211;</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>2,700,270</B></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: #949494 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>2,700,270</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 95%; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt">*</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Non-income producing security.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt">&#8224;</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">All or a portion of these securities were on loan. The value of all securities loaned at March 31, 2024 amounted to $911,085, which is 1.2% of net assets.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt">(b)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 8pt">(c)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Represents the net increase (purchases cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended March 31, 2024.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 8pt">144A:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 94%; text-align: justify"><FONT STYLE="font-size: 8pt">Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">CVA:</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 8pt">Credit Valuation Adjustment.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">For purposes of its industry concentration policy, the Fund classifies issuers of portfolio securities at the industry sub-group level. Certain of the categories in the above Schedule of Investments consist of multiple industry sub-groups or industries.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
</TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 1pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt"><B>Fair Value Measurements</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Various inputs are used in determining the value of the Fund&#8217;s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund&#8217;s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk associated with investing in those securities.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9"><FONT STYLE="font-size: 8pt">The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund&#8217;s investments.&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #949599 1pt solid"><FONT STYLE="font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #949599 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Level 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #949599 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Level 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #949599 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Level 3</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #949599 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7"><FONT STYLE="font-size: 8pt">&nbsp;&nbsp;Common Stocks and/or Other Equity Investments (d) </FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in; width: 39%"><FONT STYLE="font-size: 8pt">Germany</FONT></TD>
    <TD STYLE="text-align: center; width: 3%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&nbsp;$</FONT></TD>
    <TD STYLE="text-align: right; width: 11%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;16,650,400</FONT></TD>
    <TD STYLE="text-align: center; width: 3%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&nbsp;$</FONT></TD>
    <TD STYLE="text-align: right; width: 11%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&#8212;</FONT></TD>
    <TD STYLE="text-align: center; width: 3%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&nbsp;$</FONT></TD>
    <TD STYLE="text-align: right; width: 11%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&#8212;</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 1.4pt; width: 3%; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&nbsp;$</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; width: 11%; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;</B> &#9;16,650,400</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">France</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">13,457,025</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">13,457,025</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">United Kingdom</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">10,131,239</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">10,131,239</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Netherlands</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">8,118,737</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">8,118,737</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Switzerland</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">6,344,290</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">6,344,290</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Denmark</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5,375,392</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5,375,392</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Ireland</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">3,792,586</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">3,792,586</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Sweden</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">3,757,760</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#9;&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">3,757,760</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Italy</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1,892,278</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1,892,278</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt">Spain</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1,686,713</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;&nbsp;&#9;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1,686,713</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; padding-left: 0.05in"><FONT STYLE="font-size: 8pt">Short-Term Instruments(d)</FONT></TD>
    <TD STYLE="border-top: #D2D3D5 1pt solid; padding-top: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right; border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">2,700,270</FONT></TD>
    <TD STYLE="border-top: #D2D3D5 1pt solid; padding-top: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right; border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="border-top: #D2D3D5 1pt solid; padding-top: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right; border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#8212;</FONT></TD>
    <TD STYLE="border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; padding-right: 1.4pt"><FONT STYLE="font-size: 8pt">&#9;</FONT></TD>
    <TD STYLE="text-align: right; border-top: #D2D3D5 1pt solid; padding-top: 1.4pt; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">2,700,270</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #949599 1pt solid; border-bottom: #949599 1pt solid"><FONT STYLE="font-size: 8pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&nbsp;$</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;73,906,690</B></FONT></TD>
    <TD STYLE="text-align: center; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&nbsp;$</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&#8212;</B></FONT></TD>
    <TD STYLE="text-align: center; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&nbsp;$</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&#8212;</B></FONT></TD>
    <TD STYLE="text-align: center; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;&nbsp;$</B></FONT></TD>
    <TD STYLE="text-align: right; border-top: #949599 1pt solid; border-bottom: #949599 1pt solid; padding-right: 1.4pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>&#9;73,906,690</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; padding-bottom: 8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; line-height: 107%">(d) See Schedule of Investments for additional detailed categorizations.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>OBTAIN AN OPEN-END FUND PROSPECTUS </B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>To obtain a summary prospectus, if available, or
prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully
consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and
other important information about the investment product. Please read the prospectus carefully before you invest.</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>CLOSED-END FUNDS </B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The shares of most closed-end funds, including the
Fund, are not continuously offered. Once issued, shares of closed-end funds are bought and sold in the open market. Shares of closed-end
funds frequently trade at a discount to net asset value. The price of the fund&#8217;s shares is determined by a number of factors, several
of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset
value.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The brand DWS represents DWS Group GmbH &amp; Co. KGaA
and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc.
and RREEF America L.L.C. which offer advisory services.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">EEA-PH1</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">R-080548-2 (1/25)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

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