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        <name>International Paper Co.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Norfolk Southern Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <name>eBay, Inc.</name>
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        <name>Southern California Gas Co.</name>
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        <name>Entergy Arkansas LLC</name>
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        <name>Kreditanstalt fuer Wiederaufbau</name>
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        <invCountry>DE</invCountry>
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        <name>Republic of Peru</name>
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        <invCountry>PE</invCountry>
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        <name>Aon Global Ltd.</name>
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        <name>Cigna Group (The)</name>
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        <name>Eaton Corp.</name>
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        <name>Republic of Indonesia</name>
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        <name>Target Corp.</name>
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        <name>Pfizer, Inc.</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Southern California Edison Co.</name>
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        <name>Florida Power &amp; Light Co.</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
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        <name>Georgia Power Co.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Fox Corp.</name>
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        <name>International Paper Co.</name>
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        <name>Duke Energy Indiana LLC</name>
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        <name>Consumers Energy Co.</name>
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        <name>RTX Corp.</name>
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        <name>FNMA</name>
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        <name>Prologis LP</name>
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        <name>IBM International Capital Pte. Ltd.</name>
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        <name>Apple, Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Southern California Edison Co.</name>
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        <name>JBS USA Holding Lux Sarl</name>
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        <name>Rogers Communications, Inc.</name>
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        <name>Kentucky Utilities Co.</name>
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        <name>MetLife, Inc.</name>
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        <name>Caterpillar, Inc.</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>AstraZeneca plc</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>Comcast Corp.</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Comcast Corp.</name>
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        <name>JD.com, Inc.</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>Comcast Corp.</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>MetLife, Inc.</name>
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        <name>United States of America</name>
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        <name>Oriental Republic of Uruguay</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Southern Copper Corp.</name>
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        <name>Vale SA</name>
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        <name>CVS Health Corp.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>ONE Gas, Inc.</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>State of Israel Government Bond</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
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      <invstOrSec>
        <name>DuPont de Nemours, Inc.</name>
        <lei>5493004JF0SDFLM8GD76</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
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      <invstOrSec>
        <name>Deere &amp; Co.</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
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        <name>Diamondback Energy, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dell International LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-15</maturityDt>
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        <name>Berkshire Hathaway Energy Co.</name>
        <lei>549300JD0S5IZJE9LY15</lei>
        <title>Berkshire Hathaway Energy Co.</title>
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          <isin value="US084659AF84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-22</maturityDt>
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        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SC3</cusip>
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          <isin value="US912810SC36"/>
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        <balance>2761700.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <name>Chubb INA Holdings LLC</name>
        <lei>CZCBJZWDMLTHWJDXU843</lei>
        <title>Chubb INA Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-03</maturityDt>
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        <name>Cenovus Energy, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.40000000</annualizedRt>
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        <name>ERP Operating LP</name>
        <lei>DX5HQV5MLU50FEWZ5072</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Grupo Televisa SAB</name>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-13</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
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        <name>HCA, Inc.</name>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <maturityDt>2041-02-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>Cummins, Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>Cummins, Inc.</title>
        <cusip>231021AQ9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
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        <name>Altria Group, Inc.</name>
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        <name>Valero Energy Corp.</name>
        <lei>549300XTO5VR8SKV1V74</lei>
        <title>Valero Energy Corp.</title>
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        <name>Caterpillar, Inc.</name>
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        <name>Discovery Communications LLC</name>
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        <name>Molson Coors Beverage Co.</name>
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        <name>Moody's Corp.</name>
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        <name>Fox Corp.</name>
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        <name>QUALCOMM, Inc.</name>
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        <name>HP, Inc.</name>
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        <name>Woodside Finance Ltd.</name>
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        <name>Packaging Corp. of America</name>
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        <name>Morgan Stanley</name>
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        <name>Corning, Inc.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Chubb Corp. (The)</name>
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        <name>Boston Scientific Corp.</name>
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        <name>Kreditanstalt fuer Wiederaufbau</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Intel Corp.</name>
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        <name>Italian Republic Government Bond</name>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
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        <name>Republic of Indonesia</name>
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        <name>Enbridge Energy Partners LP</name>
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        <name>Inter-American Development Bank</name>
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        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
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        <name>Elevance Health, Inc.</name>
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        <name>Paramount Global</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.90000000</annualizedRt>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
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        <title>Amgen, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-03-02</maturityDt>
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        <name>United States of America</name>
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          <isin value="US912810QH41"/>
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        <balance>16706000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>Duke Energy Carolinas LLC</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
        <title>Duke Energy Carolinas LLC</title>
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          <isin value="US26442CAE49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-15</maturityDt>
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        <name>Puget Sound Energy, Inc.</name>
        <lei>8MNFJR7KOMBQ7X62LK44</lei>
        <title>Puget Sound Energy, Inc.</title>
        <cusip>745332CN4</cusip>
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        <valUSD>4594051.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.68500000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SR0</cusip>
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          <isin value="US912810SR05"/>
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        <balance>62211500.00000000</balance>
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        <valUSD>39202352.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
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      <invstOrSec>
        <name>Nucor Corp.</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <balance>267000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294858.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.80000000</annualizedRt>
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        <name>Southwestern Public Service Co.</name>
        <lei>OL6FE7QD5EQ3DOYEO258</lei>
        <title>Southwestern Public Service Co.</title>
        <cusip>845743BX0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-26</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.31600000</annualizedRt>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
        <cusip>91087BAQ3</cusip>
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        <balance>10597000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.28000000</annualizedRt>
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        <name>Charter Communications Operating LLC</name>
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        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
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          <annualizedRt>3.45000000</annualizedRt>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
        <cusip>58013MFA7</cusip>
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        <name>M.D.C. Holdings, Inc.</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>M.D.C. Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>Walmart, Inc.</name>
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        <name>Sysco Corp.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Kansas Development Finance Authority</name>
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        <name>Oracle Corp.</name>
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        <name>Republic of Philippines</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Aon North America, Inc.</name>
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        <name>United States of America</name>
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        <name>Hartford Insurance Group, Inc. (The)</name>
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        <name>Global Payments, Inc.</name>
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        <name>BAT Capital Corp.</name>
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        <name>Aon Corp.</name>
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        <name>Telefonica Emisiones SA</name>
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        <name>Abbott Laboratories</name>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Cencora, Inc.</name>
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        <name>UnitedHealth Group, Inc.</name>
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          <maturityDt>2037-11-15</maturityDt>
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        <name>United States of America</name>
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          <maturityDt>2054-05-15</maturityDt>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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          <maturityDt>2049-03-15</maturityDt>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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          <annualizedRt>4.70000000</annualizedRt>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <title>Burlington Northern Santa Fe LLC</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>LYB International Finance III LLC</name>
        <lei>984500A51LA0B8EB4053</lei>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>PECO Energy Co.</name>
        <lei>YH65D4JBECK76IFEJ279</lei>
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        <name>Sutter Health</name>
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        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
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        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Cooperatieve Rabobank UA</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
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        <name>Morgan Stanley</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Marathon Petroleum Corp.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Republic of Indonesia</name>
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        <name>Intel Corp.</name>
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        <name>United Mexican States</name>
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        <name>JBS USA Holding Lux Sarl</name>
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        <name>BAT Capital Corp.</name>
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        <name>Tyson Foods, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Simon Property Group LP</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Marathon Petroleum Corp.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <title>Berkshire Hathaway Energy Co.</title>
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        <name>DTE Electric Co.</name>
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          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810SY55"/>
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        <issuerCat>UST</issuerCat>
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          <maturityDt>2041-05-15</maturityDt>
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        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
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        <name>General Motors Co.</name>
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        <name>CVS Health Corp.</name>
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        <name>Tennessee Valley Authority</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>Canadian National Railway Co.</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
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        <invCountry>CA</invCountry>
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        <name>Allstate Corp. (The)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Charter Communications Operating LLC</name>
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        <invCountry>US</invCountry>
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        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intel Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-21</maturityDt>
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          <annualizedRt>5.55000000</annualizedRt>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-30</maturityDt>
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        <name>America Movil SAB de CV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-30</maturityDt>
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        <name>Progressive Corp. (The)</name>
        <lei>529900TACNVLY9DCR586</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>Walt Disney Co. (The)</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co. (The)</title>
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        <balance>429000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460733.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
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          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>Time Warner Cable LLC</name>
        <lei>549300U5NFR7S6E3GM41</lei>
        <title>Time Warner Cable LLC</title>
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        <balance>4068000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3721406.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Southwestern Electric Power Co.</name>
        <lei>R64UBJHEC74EB3HGQ410</lei>
        <title>Southwestern Electric Power Co., Series J</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
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          <annualizedRt>3.90000000</annualizedRt>
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        <name>Brookfield Finance, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-04</maturityDt>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-11-15</maturityDt>
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          <annualizedRt>1.37500000</annualizedRt>
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        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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          <maturityDt>2046-12-15</maturityDt>
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        <name>Devon Energy Corp.</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GGG8</cusip>
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        <balance>4559000.00000000</balance>
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          <maturityDt>2048-01-20</maturityDt>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>94973VBB2</cusip>
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        <valUSD>1416691.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>437076BH4</cusip>
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        <balance>1522000.00000000</balance>
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        <valUSD>1270789.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Electric and Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-30</maturityDt>
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      <invstOrSec>
        <name>Kimco Realty OP LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-25</maturityDt>
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      <invstOrSec>
        <name>Vodafone Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Peru</name>
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        <title>Republic of Peru</title>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-12-01</maturityDt>
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      <invstOrSec>
        <name>JP MORGAN PRIME VAR 12/50</name>
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          <other otherDesc="CINS" value="741994511"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
        <cusip>126408GY3</cusip>
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          <isin value="US126408GY39"/>
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        <balance>32000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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      <invstOrSec>
        <name>Providence St Joseph Health Obligated Group</name>
        <lei>N/A</lei>
        <title>Providence St Joseph Health Obligated Group, Series 21A</title>
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          <isin value="US743820AB83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</maturityDt>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>01609WAZ5</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-09</maturityDt>
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        <name>Amphenol Corp.</name>
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        <title>Amphenol Corp.</title>
        <cusip>032095AS0</cusip>
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          <maturityDt>2054-11-15</maturityDt>
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        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2054-04-15</maturityDt>
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        <name>Southern Co. Gas Capital Corp.</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>Southern Co. Gas Capital Corp.</title>
        <cusip>8426EPAB4</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2046-10-01</maturityDt>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
        <cusip>438516BS4</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2047-11-21</maturityDt>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-05-15</maturityDt>
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        <name>Hess Corp.</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>Hess Corp.</title>
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        <balance>1250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <name>AbbVie, Inc.</name>
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        <name>Energy Transfer LP</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Southern Copper Corp.</name>
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        <title>Southern Copper Corp.</title>
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          <maturityDt>2040-04-16</maturityDt>
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        <name>MetLife, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273RAP4</cusip>
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          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
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          <annualizedRt>4.36800000</annualizedRt>
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        <name>Cigna Group (The)</name>
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        <name>Waste Management, Inc.</name>
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        <name>United States of America</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Republic of Chile</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Memorial Sloan-Kettering Cancer Center</name>
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        <name>Banner Health</name>
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        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <name>Republic of Peru</name>
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        <name>Comcast Corp.</name>
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        <name>UBS AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Oracle Corp.</name>
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        <name>United States of America</name>
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        <name>Morgan Stanley</name>
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          <maturityDt>2051-03-24</maturityDt>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Mastercard, Inc.</name>
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          <maturityDt>2049-06-01</maturityDt>
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        <name>MPLX LP</name>
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        <name>Ecolab, Inc.</name>
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        <name>NXP BV</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Microsoft Corp.</name>
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        <name>Anheuser-Busch InBev Finance, Inc.</name>
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        <name>Apple, Inc.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Paramount Global</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>Amgen, Inc.</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mastercard, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>Marathon Petroleum Corp.</name>
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        <name>Kroger Co. (The)</name>
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        <name>United Mexican States</name>
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        <invCountry>MX</invCountry>
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        <name>United States of America</name>
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        <name>CommonSpirit Health</name>
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        <name>United States of America</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>CenterPoint Energy Houston Electric LLC</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810UC0</cusip>
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          <isin value="US912810UC08"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Italian Republic Government Bond</name>
        <lei>815600DE60799F5A9309</lei>
        <title>Italian Republic Government Bond</title>
        <cusip>465410CC0</cusip>
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          <isin value="US465410CC03"/>
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        <balance>3799000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2640397.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308JJ7</cusip>
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          <isin value="US694308JJ74"/>
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        <balance>11087000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7294566.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey</title>
        <cusip>73358WJA3</cusip>
        <identifiers>
          <isin value="US73358WJA36"/>
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        <balance>3900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3313287.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45800000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deere &amp; Co.</name>
        <lei>PWFTNG3EI0Y73OXWDH08</lei>
        <title>Deere &amp; Co.</title>
        <cusip>244199BK0</cusip>
        <identifiers>
          <isin value="US244199BK00"/>
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        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515158.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SK5</cusip>
        <identifiers>
          <isin value="US912810SK51"/>
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        <balance>58474200.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38480508.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>036752AM5</cusip>
        <identifiers>
          <isin value="US036752AM57"/>
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        <balance>3631000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2353713.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GHS1</cusip>
        <identifiers>
          <isin value="US06051GHS12"/>
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        <balance>152000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124932.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.33000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
        <cusip>91324PDU3</cusip>
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          <isin value="US91324PDU30"/>
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        <balance>4300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3132903.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lincoln National Corp.</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp.</title>
        <cusip>534187BA6</cusip>
        <identifiers>
          <isin value="US534187BA67"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>536894.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
        <cusip>12189LBB6</cusip>
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          <isin value="US12189LBB62"/>
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        <balance>539000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439467.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RBH4</cusip>
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          <isin value="US00206RBH49"/>
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        <balance>12555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10504126.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KLA Corp.</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA Corp.</title>
        <cusip>482480AH3</cusip>
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          <isin value="US482480AH34"/>
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        <balance>4044000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3719997.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Edison Co.</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>Southern California Edison Co.</title>
        <cusip>842400FV0</cusip>
        <identifiers>
          <isin value="US842400FV09"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31280.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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      <invstOrSec>
        <name>Brookfield Finance, Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance, Inc.</title>
        <cusip>11271LAF9</cusip>
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          <isin value="US11271LAF94"/>
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        <balance>1221000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>832382.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>N/A</lei>
        <title>Charter Communications Operating LLC</title>
        <cusip>161175CA0</cusip>
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          <isin value="US161175CA05"/>
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        <balance>2045000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1323994.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
        <cusip>12189LAS0</cusip>
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          <isin value="US12189LAS07"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>785068.50000000</valUSD>
        <pctVal>0.030755759369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>Norfolk Southern Corp.</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
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        <name>Travelers Cos., Inc. (The)</name>
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        <name>Republic of Peru</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Rockefeller Foundation (The)</name>
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        <name>UBS Group AG</name>
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        <name>Apple, Inc.</name>
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        <name>American Water Capital Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>Sutter Health</name>
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        <name>Inter-American Development Bank</name>
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        <name>Comcast Corp.</name>
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        <name>BAT Capital Corp.</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>Walmart, Inc.</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Paramount Global</name>
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        <name>DREYFUS TREASURY &amp; AGENCY LEX</name>
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        <name>Nucor Corp.</name>
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        <name>Microsoft Corp.</name>
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        <name>Intel Corp.</name>
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        <name>Baxter International, Inc.</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>Stryker Corp.</name>
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        <name>Grupo Televisa SAB</name>
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        <name>Abbott Laboratories</name>
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        <name>NIKE, Inc.</name>
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        <name>United States of America</name>
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        <name>Eaton Corp.</name>
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        <name>Canadian Pacific Railway Co.</name>
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        <name>Bank of America Corp.</name>
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        <name>INVESCO GOVT AND AGCY LEX</name>
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        <name>QUALCOMM, Inc.</name>
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        <name>Comcast Corp.</name>
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        <title>Comcast Corp.</title>
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      <invstOrSec>
        <name>TSMC Arizona Corp.</name>
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        <title>TSMC Arizona Corp.</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-22</maturityDt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-24</maturityDt>
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          <annualizedRt>4.28100000</annualizedRt>
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      <invstOrSec>
        <name>Halliburton Co.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Corning, Inc.</name>
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        <title>Corning, Inc.</title>
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          <isin value="US219350AW53"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810FT08"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US59447TXX61"/>
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        <balance>1825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492803.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.38400000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SH2</cusip>
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          <isin value="US912810SH23"/>
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        <balance>10008800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7340108.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
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          <annualizedRt>2.87500000</annualizedRt>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <title>Consolidated Edison Co. of New York, Inc., Series 05-A</title>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34327.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <name>Koninklijke Philips NV</name>
        <lei>H1FJE8H61JGM1JSGM897</lei>
        <title>Koninklijke Philips NV</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
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        <balance>2449000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>TELUS Corp.</name>
        <lei>L2TEUTQ8OSHMJWVLCE40</lei>
        <title>TELUS Corp.</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.30000000</annualizedRt>
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        <name>Consumers Energy Co.</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
        <title>Consumers Energy Co.</title>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
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        <name>NOV, Inc.</name>
        <lei>549300EHF3IW1AR6U008</lei>
        <title>NOV, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-12-01</maturityDt>
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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XAY6</cusip>
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        <balance>384000.00000000</balance>
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        <name>Boeing Co. (The)</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Prologis LP</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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        <name>International Paper Co.</name>
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        <name>Yale-New Haven Health Services Corp.</name>
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        <name>Cooperatieve Rabobank UA</name>
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        <name>TFDXX LEX BLACKROCK FED FUND</name>
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        <name>Broadcom, Inc.</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Intel Corp.</name>
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        <name>HSBC Holdings plc</name>
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        <name>Oracle Corp.</name>
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        <name>Abbott Laboratories</name>
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        <name>Time Warner Cable LLC</name>
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        <name>Entergy Corp.</name>
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        <name>United States of America</name>
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        <name>AerCap Ireland Capital DAC</name>
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        <name>Travelers Cos., Inc. (The)</name>
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        <name>Hartford Insurance Group, Inc. (The)</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>Shell International Finance BV</name>
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        <name>Amgen, Inc.</name>
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        <name>AvalonBay Communities, Inc.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
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        <name>NSTAR Electric Co.</name>
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        <title>NSTAR Electric Co.</title>
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        <name>Children's Health System of Texas</name>
        <lei>254900FK4IY1J5YO2L69</lei>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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        <name>NBCUniversal Media LLC</name>
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        <name>Humana, Inc.</name>
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          <maturityDt>2044-10-01</maturityDt>
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        <name>Pfizer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-15</maturityDt>
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          <annualizedRt>3.90000000</annualizedRt>
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        <name>Merck &amp; Co., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Exxon Mobil Corp.</name>
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        <title>Exxon Mobil Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-19</maturityDt>
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          <annualizedRt>4.22700000</annualizedRt>
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        <name>CenterPoint Energy Resources Corp.</name>
        <lei>2JADVB0458J06WCD4N56</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-01</maturityDt>
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          <annualizedRt>4.10000000</annualizedRt>
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        <name>DuPont de Nemours, Inc.</name>
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        <name>Caterpillar, Inc.</name>
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        <name>Energy Transfer LP</name>
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        <name>Coca-Cola Co. (The)</name>
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          <maturityDt>2041-05-05</maturityDt>
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        <name>United States of America</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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        <name>Anheuser-Busch Cos. LLC</name>
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        <name>Biogen, Inc.</name>
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        <name>Rio Tinto Finance USA Ltd.</name>
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        <name>CSX Corp.</name>
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        <name>PacifiCorp</name>
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        <name>General Mills, Inc.</name>
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        <name>Kenvue, Inc.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Ventas Realty LP</name>
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        <name>Phillips 66</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>Consumers Energy Co.</name>
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        <name>Stryker Corp.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>Republic of Poland</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>United Mexican States</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <name>Mylan, Inc.</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>Duke Energy Corp.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>State of California</name>
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        <name>Kaiser Foundation Hospitals</name>
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        <name>Shell Finance US, Inc.</name>
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        <name>Baylor Scott &amp; White Holdings</name>
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        <name>United States of America</name>
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        <name>Allstate Corp. (The)</name>
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        <name>Shell Finance US, Inc.</name>
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        <name>Waste Management, Inc.</name>
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        <name>CSX Corp.</name>
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        <name>ArcelorMittal SA</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
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        <invCountry>LU</invCountry>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>AstraZeneca plc</name>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>State of Illinois</name>
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        <name>Republic of Panama</name>
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        <name>FHLB</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority</title>
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        <issuerCat>USGA</issuerCat>
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        <name>Northrop Grumman Corp.</name>
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        <name>Willis North America, Inc.</name>
        <lei>5493004KVU1HWZCP0C66</lei>
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          <maturityDt>2054-03-05</maturityDt>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp.</title>
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        <invCountry>AU</invCountry>
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        <name>Realty Income Corp.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Celulosa Arauco y Constitucion SA</name>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <name>eBay, Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
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        <name>FedEx Corp.</name>
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        <name>Dow Chemical Co. (The)</name>
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        <name>Mead Johnson Nutrition Co.</name>
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        <name>Abbott Laboratories</name>
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        <name>Republic of Philippines</name>
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        <name>Bank of America Corp.</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <name>Moody's Corp.</name>
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      <invstOrSec>
        <name>NiSource, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern Copper Corp.</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp.</title>
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          <isin value="US84265VAA35"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-27</maturityDt>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
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          <isin value="US30040WAH16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-15</maturityDt>
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        <name>Hungary Government Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government Bond</title>
        <cusip>445545AF3</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-29</maturityDt>
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        <name>ONEOK Partners LP</name>
        <lei>T4DHW82NMF6BXJT50795</lei>
        <title>ONEOK Partners LP</title>
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          <isin value="US68268NAG88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>General Mills, Inc.</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
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          <annualizedRt>5.40000000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
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          <annualizedRt>5.60600000</annualizedRt>
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        <name>AT&amp;T, Inc.</name>
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        <title>AT&amp;T, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-15</maturityDt>
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        <name>DH Europe Finance II Sarl</name>
        <lei>222100KDGL314CKTZ511</lei>
        <title>DH Europe Finance II Sarl</title>
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        <invCountry>LU</invCountry>

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        <name>PacifiCorp</name>
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        <name>McDonald's Corp.</name>
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        <name>Duke Energy Corp.</name>
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        <name>European Investment Bank</name>
        <lei>5493006YXS1U5GIHE750</lei>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
        <cusip>375558AS2</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto Finance USA plc</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance USA plc</title>
        <cusip>76720AAG1</cusip>
        <identifiers>
          <isin value="US76720AAG13"/>
        </identifiers>
        <balance>1399000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1167786.43000000</valUSD>
        <pctVal>0.045749075955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
        <cusip>92343VGK4</cusip>
        <identifiers>
          <isin value="US92343VGK44"/>
        </identifiers>
        <balance>8272000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6350516.15000000</valUSD>
        <pctVal>0.248787139700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
        <cusip>026874DL8</cusip>
        <identifiers>
          <isin value="US026874DL83"/>
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        <balance>6870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6050546.40000000</valUSD>
        <pctVal>0.237035556941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>036752BA0</cusip>
        <identifiers>
          <isin value="US036752BA01"/>
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        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>692199.14000000</valUSD>
        <pctVal>0.027117519281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
        <cusip>031162DS6</cusip>
        <identifiers>
          <isin value="US031162DS61"/>
        </identifiers>
        <balance>7510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7412707.20000000</valUSD>
        <pctVal>0.290399422372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SW9</cusip>
        <identifiers>
          <isin value="US912810SW99"/>
        </identifiers>
        <balance>116696700.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81521653.94000000</valUSD>
        <pctVal>3.193683572857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EQ Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Walsh</ncom:signature>
      <ncom:signerName>Brian Walsh</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
