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          <isin value="US37940X1028"/>
          <ticker value="GPN"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PAYPAL HOLDINGS INC</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PAYPAL HOLDINGS INC COM</title>
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          <isin value="US70450Y1038"/>
          <ticker value="PYPL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ANNALY CAPITAL MANAGEMENT INC</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>ANNALY CAPITAL MANAGEMENT INC COM NEW</title>
        <cusip>035710839</cusip>
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          <isin value="US0357108390"/>
          <ticker value="NLY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP INC</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>SIMON PROPERTY GROUP INC COM</title>
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          <isin value="US8288061091"/>
          <ticker value="SPG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UPSTART HOLDINGS INC</name>
        <lei>549300WNB47JRNENIC75</lei>
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          <isin value="US91680M1071"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF NOVA SCOTIA (THE)</name>
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          <isin value="CA0641491075"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLUE OWL CAPITAL INC</name>
        <lei>N/A</lei>
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          <isin value="US09581B1035"/>
          <ticker value="OWL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD CORP</name>
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        <title>BROOKFIELD CORP CL A LTD VT SH</title>
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          <ticker value="BN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC (THE)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <cusip>38141G104</cusip>
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          <isin value="US38141G1040"/>
          <ticker value="GS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NASDAQ INC</name>
        <lei>549300L8X1Q78ERXFD06</lei>
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        <cusip>631103108</cusip>
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          <isin value="US6311031081"/>
          <ticker value="NDAQ"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC COM</title>
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          <isin value="US2538681030"/>
          <ticker value="DLR"/>
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        <balance>409.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>VALLEY NATIONAL BANCORP COM</title>
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          <isin value="US9197941076"/>
          <ticker value="VLY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LAMAR ADVERTISING COMPANY</name>
        <lei>529900Y8WW4MKVPTB543</lei>
        <title>LAMAR ADVERTISING COMPANY CL A</title>
        <cusip>512816109</cusip>
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          <isin value="US5128161099"/>
          <ticker value="LAMR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TRAVELERS COMPANIES INC (THE)</name>
        <lei>549300Y650407RU8B149</lei>
        <title>TRAVELERS COMPANIES INC (THE) COM</title>
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          <isin value="US89417E1091"/>
          <ticker value="TRV"/>
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        <curCd>USD</curCd>
        <valUSD>80219.16000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP COM NEW</title>
        <cusip>902973304</cusip>
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          <isin value="US9029733048"/>
          <ticker value="USB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERIPRISE FINANCIAL INC</name>
        <lei>6ZLKQF7QB6JAEKQS5388</lei>
        <title>AMERIPRISE FINANCIAL INC COM</title>
        <cusip>03076C106</cusip>
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          <isin value="US03076C1062"/>
          <ticker value="AMP"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORPAY INC</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>CORPAY INC COM SHS</title>
        <cusip>219948106</cusip>
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          <isin value="US2199481068"/>
          <ticker value="CPAY"/>
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        <valUSD>40992.21000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>HUNTINGTON BANCSHARES INC</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HUNTINGTON BANCSHARES INC COM</title>
        <cusip>446150104</cusip>
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          <isin value="US4461501045"/>
          <ticker value="HBAN"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>BLACKSTONE INC</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
        <title>BLACKSTONE INC COM</title>
        <cusip>09260D107</cusip>
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          <isin value="US09260D1072"/>
          <ticker value="BX"/>
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        <balance>939.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF NEW YORK MELLON CORP (THE)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>BANK OF NEW YORK MELLON CORP (THE) COM</title>
        <cusip>064058100</cusip>
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          <isin value="US0640581007"/>
          <ticker value="BK"/>
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        <balance>635.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS INC</name>
        <lei>529900RLNSGA90UPEH54</lei>
        <title>CBOE GLOBAL MARKETS INC COM</title>
        <cusip>12503M108</cusip>
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          <isin value="US12503M1080"/>
          <ticker value="CBOE"/>
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        <curCd>USD</curCd>
        <valUSD>42224.58000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>SYNCHRONY FINANCIAL COM</title>
        <cusip>87165B103</cusip>
        <identifiers>
          <isin value="US87165B1035"/>
          <ticker value="SYF"/>
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        <balance>626.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47607.30000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MARSH &amp; MCLENNAN COMPANIES INC</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>MARSH &amp; MCLENNAN COMPANIES INC COM</title>
        <cusip>571748102</cusip>
        <identifiers>
          <isin value="US5717481023"/>
          <ticker value="MRSH"/>
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        <balance>495.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82501.65000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>WILLIS TOWERS WATSON PLC</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>WILLIS TOWERS WATSON PLC COM USD0.000304635</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROBINHOOD MARKETS INC</name>
        <lei>213800FS5AO3YWIE6F63</lei>
        <title>ROBINHOOD MARKETS INC COM CL A</title>
        <cusip>770700102</cusip>
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          <isin value="US7707001027"/>
          <ticker value="HOOD"/>
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        <balance>890.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Government Long Bond 1.2x Strategy Fund</title>
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          <isin value="CA7800871021"/>
          <ticker value="RY"/>
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        <balance>293.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC COM</title>
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          <isin value="US7443201022"/>
          <ticker value="PRU"/>
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        <balance>527.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CROWN CASTLE INC</name>
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          <isin value="US22822V1017"/>
          <ticker value="CCI"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANKLIN RESOURCES INC</name>
        <lei>RIFQSET379FOGTEFKS80</lei>
        <title>FRANKLIN RESOURCES INC COM</title>
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          <isin value="US3546131018"/>
          <ticker value="BEN"/>
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        <balance>910.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST CITIZENS BANCSHARES INC</name>
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        <title>FIRST CITIZENS BANCSHARES INC CL A</title>
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          <isin value="US31946M1036"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRINCIPAL FINANCIAL GROUP INC</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
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          <isin value="US74251V1026"/>
          <ticker value="PFG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TPG INC</name>
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          <isin value="US8726571016"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AON PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXTRA SPACE STORAGE INC</name>
        <lei>529900SDJHKRQWED6A16</lei>
        <title>EXTRA SPACE STORAGE INC COM</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>BROOKFIELD ASSET MANAGEMENT LTD</name>
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        <title>BROOKFIELD ASSET MANAGEMENT LTD CL A LMT VTG SHS</title>
        <cusip>113004105</cusip>
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          <isin value="CA1130041058"/>
          <ticker value="BAM"/>
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        <balance>855.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>OLD NATIONAL BANCORP</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>OLD NATIONAL BANCORP COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UMB FINANCIAL CORP</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB FINANCIAL CORP COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FACTSET RESEARCH SYSTEMS INC</name>
        <lei>549300ZSJE7NBK6K9P30</lei>
        <title>FACTSET RESEARCH SYSTEMS INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLSTATE CORP (THE)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <name>APOLLO GLOBAL MANAGEMENT INC</name>
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        <title>APOLLO GLOBAL MANAGEMENT INC COM</title>
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        <name>COMMERCE BANCSHARES INC (MO)</name>
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          <ticker value="CBSH"/>
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        <name>CHUBB LTD (SWITZERLAND)</name>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY COM</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STONECO LTD</name>
        <lei>549300O1A9LEF0XZCR35</lei>
        <title>STONECO LTD COM USD0.000079365 CL A</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HEALTHPEAK PROPERTIES INC</name>
        <lei>254900M6MTMZM0I22L81</lei>
        <title>HEALTHPEAK PROPERTIES INC COM</title>
        <cusip>42250P103</cusip>
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          <ticker value="DOC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEBULL CORP</name>
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          <isin value="KYG9572D1034"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>W. R. BERKLEY CORP</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TORONTO DOMINION BANK (THE)</name>
        <lei>PT3QB789TSUIDF371261</lei>
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          <isin value="CA8911605092"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>M&amp;T BANK CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
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      <invstOrSec>
        <name>SUN COMMUNITIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
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          <isin value="US02005N1000"/>
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      <invstOrSec>
        <name>JEFFERIES FINANCIAL GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OZK</name>
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        <title>BANK OZK COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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          <isin value="US8085131055"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
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        <name>FISERV INC</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REMITLY GLOBAL INC</name>
        <lei>N/A</lei>
        <title>REMITLY GLOBAL INC COM</title>
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          <isin value="US75960P1049"/>
          <ticker value="RELY"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN TOWER CORP</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <name>CINCINNATI FINANCIAL CORP</name>
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        <name>INVITATION HOMES INC</name>
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        <name>LPL FINANCIAL HOLDINGS INC</name>
        <lei>549300XROQ4Y8G2L7682</lei>
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          <ticker value="LPLA"/>
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        <name>TOAST INC</name>
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        <name>MORNINGSTAR INC</name>
        <lei>529900YGNQPOVAXQ7F29</lei>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>ARES MANAGEMENT CORP</name>
        <lei>529900JUV61FH7B8VW38</lei>
        <title>ARES MANAGEMENT CORP CL A COM STK</title>
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        <name>EURONET WORLDWIDE INC</name>
        <lei>YG3575C4DSHJPA5KET68</lei>
        <title>EURONET WORLDWIDE INC COM</title>
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          <ticker value="EEFT"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>BERKSHIRE HATHAWAY INC</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>BERKSHIRE HATHAWAY INC CL B NEW</title>
        <cusip>084670702</cusip>
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          <ticker value="BRK/B"/>
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        <balance>622.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311242.58000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>S&amp;P GLOBAL INC</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P GLOBAL INC COM</title>
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        <name>BLOCK INC</name>
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        <name>ICICI BANK LTD</name>
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        <name>HDFC BANK LTD</name>
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        <name>MID-AMERICA APARTMENT COMMUNITIES INC</name>
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        <name>EQUITY LIFESTYLE PROPERTIES INC</name>
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        <title>EQUITY LIFESTYLE PROPERTIES INC COM</title>
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        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQUITABLE HOLDINGS INC COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>POPULAR INC</name>
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          <isin value="PR7331747001"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEZZLE INC</name>
        <lei>9845000CA64541AE3I35</lei>
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          <isin value="US78435P1057"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAMILTON LANE INC</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAVE INC</name>
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          <isin value="US23834J2015"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZIONS BANCORP NA</name>
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          <isin value="US9897011071"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JACK HENRY &amp; ASSOCIATES INC</name>
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          <isin value="US4262811015"/>
          <ticker value="JKHY"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN INTERNATIONAL GROUP INC</name>
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          <isin value="US0268747849"/>
          <ticker value="AIG"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES CAPITAL CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASTERCARD INC</name>
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          <isin value="US57636Q1040"/>
          <ticker value="MA"/>
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        <balance>378.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE INC</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTAL EXCHANGE INC COM</title>
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          <isin value="US45866F1049"/>
          <ticker value="ICE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARLYLE GROUP INC (THE)</name>
        <lei>529900NGGVF94UK6PG95</lei>
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          <isin value="US14316J1088"/>
          <ticker value="CG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITAU UNIBANCO HOLDING SA</name>
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        <title>ITAU UNIBANCO HOLDING SA SPON ADR REP PFD</title>
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          <ticker value="ITUB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE COM</title>
        <cusip>74460D109</cusip>
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          <ticker value="PSA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COINBASE GLOBAL INC</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>COINBASE GLOBAL INC COM CL A</title>
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          <ticker value="COIN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ERIE INDEMNITY COMPANY</name>
        <lei>549300WA5KP94KRUFZ80</lei>
        <title>ERIE INDEMNITY COMPANY CL A</title>
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          <isin value="US29530P1021"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SBA COMMUNICATIONS CORP</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIONS CORP CL A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARTHUR J. GALLAGHER &amp; COMPANY</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>ARTHUR J. GALLAGHER &amp; COMPANY COM</title>
        <cusip>363576109</cusip>
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          <ticker value="AJG"/>
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      <invstOrSec>
        <name>EQUINIX INC</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
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          <ticker value="EQIX"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AVALONBAY COMMUNITIES INC</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES INC COM</title>
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          <ticker value="AVB"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP COM</title>
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          <ticker value="WTFC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC COM</title>
        <cusip>21871X109</cusip>
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          <isin value="US21871X1090"/>
          <ticker value="CRBG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROLOGIS INC</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>PROLOGIS INC COM</title>
        <cusip>74340W103</cusip>
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          <isin value="US74340W1036"/>
          <ticker value="PLD"/>
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        <balance>742.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100518.74000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROGRESSIVE CORP (THE)</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>PROGRESSIVE CORP (THE) COM</title>
        <cusip>743315103</cusip>
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          <ticker value="PGR"/>
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        <balance>496.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108351.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROWN &amp; BROWN INC</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>BROWN &amp; BROWN INC COM</title>
        <cusip>115236101</cusip>
        <identifiers>
          <isin value="US1152361010"/>
          <ticker value="BRO"/>
        </identifiers>
        <balance>647.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41505.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY COM NEW</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
          <ticker value="MS"/>
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        <balance>687.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143610.48000000</valUSD>
        <pctVal>1.519422337554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES GROUP INC (THE) COM</title>
        <cusip>693475105</cusip>
        <identifiers>
          <isin value="US6934751057"/>
          <ticker value="PNC"/>
        </identifiers>
        <balance>381.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93809.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INVESCO LTD</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>INVESCO LTD COM STK USD0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG491BT1088"/>
          <ticker value="IVZ"/>
          <other otherDesc="SEDOL" value="B28XP76"/>
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        <balance>1137.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30005.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
        <title>NORTHERN TRUST CORP COM</title>
        <cusip>665859104</cusip>
        <identifiers>
          <isin value="US6658591044"/>
          <ticker value="NTRS"/>
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        <balance>297.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51630.48000000</valUSD>
        <pctVal>0.546258912376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISA INC</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC COM CL A</title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
          <ticker value="V"/>
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        <balance>720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247024.80000000</valUSD>
        <pctVal>2.613562736159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP COM</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <isin value="US89832Q1094"/>
          <ticker value="TFC"/>
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        <balance>1436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71541.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRADEWEB MARKETS INC</name>
        <lei>N/A</lei>
        <title>TRADEWEB MARKETS INC CL A</title>
        <cusip>892672106</cusip>
        <identifiers>
          <isin value="US8926721064"/>
          <ticker value="TW"/>
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        <balance>434.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43252.44000000</valUSD>
        <pctVal>0.457617880601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME GROUP INC</name>
        <lei>LCZ7XYGSLJUHFXXNXD88</lei>
        <title>CME GROUP INC COM</title>
        <cusip>12572Q105</cusip>
        <identifiers>
          <isin value="US12572Q1058"/>
          <ticker value="CME"/>
        </identifiers>
        <balance>342.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75523.86000000</valUSD>
        <pctVal>0.799054775823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UDR INC</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR INC COM</title>
        <cusip>902653104</cusip>
        <identifiers>
          <isin value="US9026531049"/>
          <ticker value="UDR"/>
        </identifiers>
        <balance>844.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33692.48000000</valUSD>
        <pctVal>0.356471942156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XP INC</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP INC CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <ticker value="XP"/>
          <other otherDesc="SEDOL" value="BK4Y052"/>
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        <balance>4035.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65609.10000000</valUSD>
        <pctVal>0.694154995421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SELECTIVE INSURANCE GROUP INC</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>SELECTIVE INSURANCE GROUP INC COM</title>
        <cusip>816300107</cusip>
        <identifiers>
          <isin value="US8163001071"/>
          <ticker value="SIGI"/>
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        <balance>234.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22700.34000000</valUSD>
        <pctVal>0.240173305361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK INC</name>
        <lei>529900VBK42Y5HHRMD23</lei>
        <title>BLACKROCK INC COM</title>
        <cusip>09290D101</cusip>
        <identifiers>
          <isin value="US09290D1019"/>
          <ticker value="BLK"/>
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        <balance>112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107694.72000000</valUSD>
        <pctVal>1.139427729819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NU HOLDINGS LTD</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HOLDINGS LTD ORD SHS CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
          <ticker value="NU"/>
          <other otherDesc="SEDOL" value="BN6NP19"/>
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        <balance>6254.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83553.44000000</valUSD>
        <pctVal>0.884009043877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOODY'S CORP</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>MOODY'S CORP COM</title>
        <cusip>615369105</cusip>
        <identifiers>
          <isin value="US6153691059"/>
          <ticker value="MCO"/>
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        <balance>170.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76996.40000000</valUSD>
        <pctVal>0.814634489567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLUMBIA BANKING SYSTEM INC</name>
        <lei>254900CTRJTQZ3BJ2V17</lei>
        <title>COLUMBIA BANKING SYSTEM INC COM</title>
        <cusip>197236102</cusip>
        <identifiers>
          <isin value="US1972361026"/>
          <ticker value="COLB"/>
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        <balance>895.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28684.75000000</valUSD>
        <pctVal>0.303489340730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OSCAR HEALTH INC</name>
        <lei>254900AE8KDLFDOPKZ19</lei>
        <title>OSCAR HEALTH INC CL A</title>
        <cusip>687793109</cusip>
        <identifiers>
          <isin value="US6877931096"/>
          <ticker value="OSCR"/>
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        <balance>894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25496.88000000</valUSD>
        <pctVal>0.269761155383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VENTAS INC</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>VENTAS INC COM</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
          <ticker value="VTR"/>
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        <balance>701.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62248.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KKR &amp; CO. INC</name>
        <lei>54930013V5I303TF9571</lei>
        <title>KKR &amp; CO. INC COM</title>
        <cusip>48251W104</cusip>
        <identifiers>
          <isin value="US48251W1045"/>
          <ticker value="KKR"/>
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        <balance>798.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73240.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEI INVESTMENTS COMPANY</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI INVESTMENTS COMPANY COM</title>
        <cusip>784117103</cusip>
        <identifiers>
          <isin value="US7841171033"/>
          <ticker value="SEIC"/>
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        <balance>330.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28944.30000000</valUSD>
        <pctVal>0.306235422128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GAMING AND LEISURE PROPERTIES INC</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>GAMING AND LEISURE PROPERTIES INC COM</title>
        <cusip>36467J108</cusip>
        <identifiers>
          <isin value="US36467J1088"/>
          <ticker value="GLPI"/>
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        <balance>698.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31081.94000000</valUSD>
        <pctVal>0.328852002517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUITY RESIDENTIAL</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>EQUITY RESIDENTIAL SH BEN INT</title>
        <cusip>29476L107</cusip>
        <identifiers>
          <isin value="US29476L1070"/>
          <ticker value="EQR"/>
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        <balance>696.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47279.28000000</valUSD>
        <pctVal>0.500222505596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGENCY CENTERS CORP</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>REGENCY CENTERS CORP COM</title>
        <cusip>758849103</cusip>
        <identifiers>
          <isin value="US7588491032"/>
          <ticker value="REG"/>
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        <balance>443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35324.82000000</valUSD>
        <pctVal>0.373742366003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERACTIVE BROKERS GROUP INC</name>
        <lei>5493004DT6DCDUZNDM53</lei>
        <title>INTERACTIVE BROKERS GROUP INC COM CL A</title>
        <cusip>45841N107</cusip>
        <identifiers>
          <isin value="US45841N1072"/>
          <ticker value="IBKR"/>
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        <balance>1259.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109583.36000000</valUSD>
        <pctVal>1.159409849533</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIFT4 PAYMENTS INC</name>
        <lei>N/A</lei>
        <title>SHIFT4 PAYMENTS INC CL A</title>
        <cusip>82452J109</cusip>
        <identifiers>
          <isin value="US82452J1097"/>
          <ticker value="FOUR"/>
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        <balance>341.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16586.24000000</valUSD>
        <pctVal>0.175485128606</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3550.72000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER INC</name>
        <lei>254900F33BIAR82QTA19</lei>
        <title>WELLTOWER INC COM</title>
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          <isin value="US95040Q1040"/>
          <ticker value="WELL"/>
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        <balance>535.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121428.95000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
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          <isin value="US3205171057"/>
          <ticker value="FHN"/>
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        <balance>1266.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32460.24000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>T. ROWE PRICE GROUP INC</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
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        <identifiers>
          <isin value="US74144T1088"/>
          <ticker value="TROW"/>
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        <balance>409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46499.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <cusip>46625H100</cusip>
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          <isin value="US46625H1005"/>
          <ticker value="JPM"/>
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        <balance>857.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280521.81000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IRON MOUNTAIN INC (REIT)</name>
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          <isin value="US46284V1017"/>
          <ticker value="IRM"/>
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        <balance>436.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55071.16000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HANCOCK WHITNEY CORP</name>
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        <curCd>USD</curCd>
        <valUSD>23013.76000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>REGIONS FINANCIAL CORP COM</title>
        <cusip>7591EP100</cusip>
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          <isin value="US7591EP1005"/>
          <ticker value="RF"/>
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        <balance>1587.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47927.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EAST WEST BANCORP INC</name>
        <lei>254900O4X656YXFOYB11</lei>
        <title>EAST WEST BANCORP INC COM</title>
        <cusip>27579R104</cusip>
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          <ticker value="EWBC"/>
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        <balance>299.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38597.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <cusip>316773100</cusip>
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          <isin value="US3167731005"/>
          <ticker value="FITB"/>
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        <balance>1203.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67813.11000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSCI INC</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC COM</title>
        <cusip>55354G100</cusip>
        <identifiers>
          <isin value="US55354G1004"/>
          <ticker value="MSCI"/>
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        <balance>102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57124.08000000</valUSD>
        <pctVal>0.604382097770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEYERHAEUSER COMPANY</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>WEYERHAEUSER COMPANY COM NEW</title>
        <cusip>962166104</cusip>
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          <ticker value="WY"/>
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        <balance>1605.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38423.70000000</valUSD>
        <pctVal>0.406529022613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARTFORD INSURANCE GROUP INC (THE)</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>HARTFORD INSURANCE GROUP INC (THE) COM</title>
        <cusip>416515104</cusip>
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          <isin value="US4165151048"/>
          <ticker value="HIG"/>
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        <balance>427.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56586.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLM CORP (SALLIE MAE)</name>
        <lei>N/A</lei>
        <title>SLM CORP (SALLIE MAE) COM</title>
        <cusip>78442P106</cusip>
        <identifiers>
          <isin value="US78442P1066"/>
          <ticker value="SLM"/>
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        <balance>816.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21167.04000000</valUSD>
        <pctVal>0.223950740892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFIRM HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>AFFIRM HOLDINGS INC COM CL A</title>
        <cusip>00827B106</cusip>
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          <ticker value="AFRM"/>
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        <balance>624.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50887.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VICI PROPERTIES INC</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI PROPERTIES INC COM</title>
        <cusip>925652109</cusip>
        <identifiers>
          <isin value="US9256521090"/>
          <ticker value="VICI"/>
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        <balance>1824.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48427.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>James Howley</ncom:signature>
      <ncom:signerName>James Howley</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
