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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE WENDY'S COMPANY</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>THE WENDY S COMPANY</title>
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          <isin value="US95058W1009"/>
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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>RBC BEARINGS INCORPORATED</name>
        <lei>N/A</lei>
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          <isin value="US75524B1044"/>
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        <curCd>USD</curCd>
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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>WILLSCOT HOLDINGS CORPORATION</name>
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          <isin value="US9713781048"/>
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        <curCd>USD</curCd>
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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>LEONARDO DRS, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATLASSIAN CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ALNYLAM PHARMACEUTICALS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ANGLOGOLD ASHANTI PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BLACKSTONE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>On Holding AG</name>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FASTENAL COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BLUE OWL CAPITAL INC.</name>
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        <name>TARGA RESOURCES CORP.</name>
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        <name>CLOUDFLARE, INC.</name>
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        <name>INSULET CORPORATION</name>
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        <name>UNION PACIFIC CORPORATION</name>
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        <name>CITIGROUP INC.</name>
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        <name>MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.</name>
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        <name>AST SPACEMOBILE, INC.</name>
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        <name>UBIQUITI INC.</name>
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        <name>Popular, Inc.</name>
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        <name>EAGLE MATERIALS INC.</name>
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        <name>BOSTON SCIENTIFIC CORPORATION</name>
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        <title>BOSTON SCIENTIFIC CORP</title>
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        <name>PAYCHEX, INC.</name>
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        <name>Dreyfus Treasury Securities Cash Management; Institutional Shares</name>
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        <name>ABBVIE INC.</name>
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        <name>Nu Holdings Ltd.</name>
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        <name>DRAFTKINGS INC.</name>
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        <name>ALASKA AIR GROUP, INC.</name>
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        <name>U-Haul Holding Company</name>
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        <name>SNOWFLAKE INC.</name>
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        <name>PENUMBRA, INC.</name>
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        <name>MEDPACE HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FLUTTER ENTERTAINMENT PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>COUPANG, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BIRKENSTOCK HOLDING PLC</name>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BURLINGTON STORES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WILLIAMS-SONOMA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GCI LIBERTY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CENCORA, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SOFI TECHNOLOGIES, INC.</name>
        <lei>549300SW81JCMVZDDY09</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FISERV, INC.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>FISERV INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FLOOR &amp; DECOR HOLDINGS, INC.</name>
        <lei>549300M5FR3N688XGQ36</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN AIRLINES GROUP INC.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>INTUITIVE SURGICAL, INC.</name>
        <lei>54930052SRG011710797</lei>
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        <name>MOTOROLA SOLUTIONS, INC.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
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        <name>AFFIRM HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>AFFIRM HOLDINGS INC</title>
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        <name>ROLLINS, INC.</name>
        <lei>549300F2A0BXT4SGWD84</lei>
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        <name>Restaurant Brands International Inc.</name>
        <lei>5299009RXTX9DN9AKJ98</lei>
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        <name>VERTIV HOLDINGS CO</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HOLDINGS CO</title>
        <cusip>92537N108</cusip>
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        <name>ROCKWELL AUTOMATION, INC.</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
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        <name>AVIS BUDGET GROUP, INC.</name>
        <lei>529900E95812SYWMCE44</lei>
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        <name>APELLIS PHARMACEUTICALS, INC.</name>
        <lei>254900HS0ZFRXXSB9D42</lei>
        <title>APELLIS PHARMACEUTICALS INC</title>
        <cusip>03753U106</cusip>
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        <invCountry>US</invCountry>

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        <name>BOOZ ALLEN HAMILTON HOLDING CORPORATION</name>
        <lei>529900JPV47PIUWMA015</lei>
        <title>BOOZ ALLEN HAMILTON HOLDING CORP</title>
        <cusip>099502106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DYNATRACE, INC.</name>
        <lei>6488T0Z33CE9L61EX904</lei>
        <title>DYNATRACE INC</title>
        <cusip>268150109</cusip>
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        <name>FACTSET RESEARCH SYSTEMS INC.</name>
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        <name>JONES LANG LASALLE INCORPORATED</name>
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        <name>LIBERTY BROADBAND CORPORATION</name>
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        <name>VAIL RESORTS, INC.</name>
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        <name>3M COMPANY</name>
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        <name>PLANET FITNESS, INC.</name>
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        <name>LAS VEGAS SANDS CORP.</name>
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        <name>ENPHASE ENERGY, INC.</name>
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        <name>INSMED INCORPORATED</name>
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        <name>THE TJX COMPANIES, INC.</name>
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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
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        <title>TEXAS INSTRUMENTS INC</title>
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          <isin value="US8825081040"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LYFT, INC.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALPHABET INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC.</name>
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        <payoffProfile>Long</payoffProfile>
        <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>BROWN &amp; BROWN, INC.</name>
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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>SITEONE LANDSCAPE SUPPLY, INC.</name>
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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>VERALTO CORPORATION</name>
        <lei>635400FJE6GSOJUSNY27</lei>
        <title>VERALTO CORP</title>
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          <isin value="US92338C1036"/>
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        <balance>1922.00000000</balance>
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        <curCd>USD</curCd>
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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>LPL FINANCIAL HOLDINGS INC.</name>
        <lei>549300XROQ4Y8G2L7682</lei>
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          <isin value="US50212V1008"/>
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        <payoffProfile>Long</payoffProfile>
        <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>LITHIA MOTORS, INC.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LITHIA MOTORS INC</title>
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        <balance>59.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERACTIVE BROKERS GROUP, INC.</name>
        <lei>5493004DT6DCDUZNDM53</lei>
        <title>INTERACTIVE BROKERS GROUP INC CL A</title>
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          <isin value="US45841N1072"/>
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        <balance>468.00000000</balance>
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        <curCd>USD</curCd>
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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>DARLING INGREDIENTS INC.</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>DARLING INGREDIENTS INC</title>
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          <isin value="US2372661015"/>
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        <balance>159.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9834.15000000</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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      <invstOrSec>
        <name>WALMART INC.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC</title>
        <cusip>931142103</cusip>
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        <balance>8407.00000000</balance>
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        <curCd>USD</curCd>
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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>LUMENTUM HOLDINGS INC.</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>LUMENTUM HOLDINGS INC</title>
        <cusip>55024U109</cusip>
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        <balance>113.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Ultragenyx Pharmaceutical Inc</name>
        <lei>529900EV44GVDN1DCX77</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBEEAN CRUISES LTD</title>
        <cusip>V7780T103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TAKE-TWO INTERACTIVE SOFTWARE, INC.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>TAKE TWO INTERACTIVE SOFTWARE INC</title>
        <cusip>874054109</cusip>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
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      <invstOrSec>
        <name>Circle Internet Group Inc</name>
        <lei>254900HFVVR6NPMQVN93</lei>
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        <name>DROPBOX, INC.</name>
        <lei>N/A</lei>
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        <name>ILLINOIS TOOL WORKS INC.</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>ILLINOIS TOOL WORKS INC</title>
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        <name>ONTO INNOVATION INC.</name>
        <lei>254900RXZVN73CHOO062</lei>
        <title>ONTO INNOVATION INC</title>
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        <invCountry>US</invCountry>

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        <name>PALO ALTO NETWORKS, INC.</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>PALO ALTO NETWORKS INC</title>
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        <invCountry>US</invCountry>

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        <name>STRATEGY INC</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>STRATEGY INC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORPORATION</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP</title>
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          <isin value="US9576381092"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE PROGRESSIVE CORPORATION</name>
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        <title>PROGRESSIVE CORPORATION</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CASEY'S GENERAL STORES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOWMET AEROSPACE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>IONIS PHARMACEUTICALS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SHARKNINJA, INC.</name>
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        <name>TRANSDIGM GROUP INCORPORATED</name>
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        <name>TOPBUILD CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>APOLLO GLOBAL MANAGEMENT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DOCUSIGN, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JABIL INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>YUM! Brands, Inc.</name>
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        <name>SALESFORCE, INC.</name>
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        <name>NEUROCRINE BIOSCIENCES, INC.</name>
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        <name>HEICO CORPORATION</name>
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        <name>KARMAN HOLDINGS INC.</name>
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        <name>PUBLIC STORAGE.</name>
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        <name>DUTCH BROS INC.</name>
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        <name>TRUMP MEDIA &amp; TECHNOLOGY GROUP CORP.</name>
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        <name>AMGEN INC.</name>
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        <name>NEXSTAR MEDIA GROUP, INC.</name>
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        <name>NRG ENERGY, INC.</name>
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        <name>LAZARD, INC.</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>LAZARD INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UBER TECHNOLOGIES, INC.</name>
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      <invstOrSec>
        <name>ORACLE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FAIR ISAAC CORPORATION</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOOKING HOLDINGS INC.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
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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>SAREPTA THERAPEUTICS, INC.</name>
        <lei>549300IKDPIED8J8IG21</lei>
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          <isin value="US8036071004"/>
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        <curCd>USD</curCd>
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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>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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          <isin value="US0258161092"/>
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        <curCd>USD</curCd>
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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>HUBSPOT, INC.</name>
        <lei>529900BLNVEW0MVKJB37</lei>
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        <curCd>USD</curCd>
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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>WATERS CORPORATION</name>
        <lei>5T547R1474YC9HOD8Q74</lei>
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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>AON PUBLIC LIMITED COMPANY</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>AON PLC</title>
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          <isin value="IE00BLP1HW54"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POOL CORPORATION</name>
        <lei>5493005VZK1KMN6CO617</lei>
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        <curCd>USD</curCd>
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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>GCI LIBERTY, INC.</name>
        <lei>N/A</lei>
        <title>GCI LIBERTY INC A</title>
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        <curCd>USD</curCd>
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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>KKR &amp; CO. INC.</name>
        <lei>54930013V5I303TF9571</lei>
        <title>KKR CO INC A</title>
        <cusip>48251W104</cusip>
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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>THE BOEING COMPANY</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO</title>
        <cusip>097023105</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unity Software Inc</name>
        <lei>549300D1ESJMGNQNG432</lei>
        <title>UNITY SOFTWARE INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CINTAS CORPORATION</name>
        <lei>N/A</lei>
        <title>CINTAS CORP</title>
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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</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY MEDIA CORP - FORMULA ONE GROUP</name>
        <lei>549300ZKUTPIBZLWLL89</lei>
        <title>LIBERTY MEDIA CORP - FORMULA ONE GROUP</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>APPLOVIN CORPORATION</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>APPLOVIN CORP</title>
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      <invstOrSec>
        <name>Astera Labs, Inc</name>
        <lei>529900LJL8TUEGF7HG20</lei>
        <title>ASTERA LABS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CARLISLE COMPANIES INCORPORATED</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>CARLISLE CO</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MCKESSON CORPORATION</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>MCKESSON CORP</title>
        <cusip>58155Q103</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SentinelOne Inc</name>
        <lei>984500DCD44DBF954221</lei>
        <title>SENTINELONE INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAVA GROUP, INC.</name>
        <lei>N/A</lei>
        <title>CAVA GROUP INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TKO GROUP HOLDINGS, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DOUBLEVERIFY HOLDINGS, INC.</name>
        <lei>N/A</lei>
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          <isin value="US25862V1052"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carnival Corporation</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZSCALER, INC.</name>
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        <name>REPLIGEN CORPORATION</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LAM RESEARCH CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SPROUTS FARMERS MARKET, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>XP Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Somnigroup International Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WAYFAIR INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PALANTIR TECHNOLOGIES INC.</name>
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        <name>TEMPUS AI, INC.</name>
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        <name>KINSALE CAPITAL GROUP, INC.</name>
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        <name>VERISK ANALYTICS, INC.</name>
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        <name>MICROSOFT CORPORATION</name>
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        <name>THE HOME DEPOT, INC.</name>
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        <name>LENNOX INTERNATIONAL INC.</name>
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        <name>STEEL DYNAMICS, INC.</name>
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        <name>AUTOMATIC DATA PROCESSING, INC.</name>
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        <name>MOODY'S CORPORATION</name>
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        <title>MOODY S CORP</title>
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        <name>MORNINGSTAR, INC.</name>
        <lei>529900YGNQPOVAXQ7F29</lei>
        <title>MORNINGSTAR INC</title>
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        <name>ETSY, INC.</name>
        <lei>54930089Q7XT501AEA40</lei>
        <title>ETSY INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>VISTRA CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CATERPILLAR INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARES MANAGEMENT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DOMINO'S PIZZA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ARTHUR J. GALLAGHER &amp; CO.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>DAVITA INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COSTCO WHOLESALE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TYLER TECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MONGODB, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GILEAD SCIENCES, INC.</name>
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        <name>BRIGHT HORIZONS FAMILY SOLUTIONS INC.</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>APPFOLIO, INC.</name>
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        <name>TPG INC.</name>
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        <name>SIMPSON MANUFACTURING CO., INC.</name>
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        <name>CBRE GROUP, INC.</name>
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        <name>TERADATA CORPORATION</name>
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        <name>ULTA BEAUTY, INC.</name>
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        <name>TEXAS PACIFIC LAND CORPORATION</name>
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        <name>GitLab Inc</name>
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        <name>WASTE MANAGEMENT, INC.</name>
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        <name>CHEWY, INC.</name>
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        <name>SUPER MICRO COMPUTER, INC.</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHURCHILL DOWNS INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DOORDASH, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MURPHY USA INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ECOLAB INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LATTICE SEMICONDUCTOR CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>QUANTA SERVICES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NVIDIA CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LIBERTY BROADBAND CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PEGASYSTEMS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE TRADE DESK, INC.</name>
        <lei>549300GXPD31VT3E0P46</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DELL TECHNOLOGIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GODADDY INC.</name>
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        <name>COSTAR GROUP, INC.</name>
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        <name>DECKERS OUTDOOR CORPORATION</name>
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        <name>PINTEREST, INC.</name>
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        <name>COINBASE GLOBAL, INC.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>THE HERSHEY COMPANY</name>
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        <name>APPLIED MATERIALS, INC.</name>
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        <name>CROWDSTRIKE HOLDINGS, INC.</name>
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        <title>CROWDSTRIKE HOLDINGS INC A</title>
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        <name>Summit Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>SUMMIT THERAPEUTICS INC</title>
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      <invstOrSec>
        <name>FTAI Aviation Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ENTEGRIS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>QUALCOMM INCORPORATED</name>
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        <name>LULULEMON ATHLETICA INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>XPO, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>STRYKER CORPORATION</name>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BJ'S WHOLESALE CLUB HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WORKDAY, INC.</name>
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        <name>RALPH LAUREN CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRANE TECHNOLOGIES PLC</name>
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        <invCountry>IE</invCountry>

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        <name>ROCKET LAB CORPORATION</name>
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        <name>BENTLEY SYSTEMS, INCORPORATED</name>
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        <name>MCDONALD'S CORPORATION</name>
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        <name>CDW CORPORATION</name>
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        <name>SLB N.V.</name>
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        <name>ELI LILLY AND COMPANY</name>
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        <name>AMPHENOL CORPORATION</name>
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        <name>VISA INC.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
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        <name>GRAND CANYON EDUCATION, INC.</name>
        <lei>529900XFER799IYOSW74</lei>
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        <name>GLOBANT S.A.</name>
        <lei>2221008DCMSPYS42DS88</lei>
        <title>GLOBANT SA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN TOWER CORPORATION</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP REIT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ARISTA NETWORKS, INC.</name>
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        <name>MARVELL TECHNOLOGY, INC.</name>
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        <name>Duolingo Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KLA CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HALOZYME THERAPEUTICS, INC.</name>
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        <name>PERFORMANCE FOOD GROUP COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE WILLIAMS COMPANIES, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JEFFERIES FINANCIAL GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CHENIERE ENERGY, INC.</name>
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        <name>THE CIGNA GROUP</name>
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        <title>CIGNA GROUP THE</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DATADOG, INC.</name>
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        <title>DATADOG INC CLASS A</title>
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        <name>KIMBERLY-CLARK CORPORATION</name>
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        <name>TAPESTRY, INC.</name>
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        <name>W.W. GRAINGER, INC.</name>
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        <name>ADOBE INC.</name>
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        <name>AIRBNB, INC.</name>
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        <name>WYNDHAM HOTELS &amp; RESORTS, INC.</name>
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        <name>Samsara Inc</name>
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        <name>SUN COMMUNITIES, INC.</name>
        <lei>549300H5GEOJYN41ZG57</lei>
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        <name>CORE &amp; MAIN, INC.</name>
        <lei>N/A</lei>
        <title>CORE MAIN INC</title>
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        <name>VALVOLINE INC.</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>VALVOLINE INC</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRACTOR SUPPLY COMPANY</name>
        <lei>549300OJ9VZHZRO6I137</lei>
        <title>TRACTOR SUPPLY CO</title>
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          <isin value="US8923561067"/>
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        <curCd>USD</curCd>
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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>SOUTHWEST AIRLINES CO.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>SOUTHWEST AIRLINES CO</title>
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          <isin value="US8447411088"/>
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        <balance>1101.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <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>PAYCOM SOFTWARE, INC.</name>
        <lei>254900LSB0HNJUDC6Q18</lei>
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          <isin value="US70432V1026"/>
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        <balance>570.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Doximity Inc</name>
        <lei>N/A</lei>
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          <isin value="US26622P1075"/>
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        <balance>2673.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <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>RYAN SPECIALTY HOLDINGS, INC.</name>
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          <isin value="US78351F1075"/>
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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>CHOICE HOTELS INTERNATIONAL, INC.</name>
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        <curCd>USD</curCd>
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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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        <name>NATERA, INC.</name>
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        <curCd>USD</curCd>
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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>PTC INC.</name>
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          <isin value="US69370C1009"/>
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        <curCd>USD</curCd>
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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>NUTANIX, INC.</name>
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        <balance>1177.00000000</balance>
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        <curCd>USD</curCd>
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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>CARVANA CO.</name>
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        <title>CARVANA CO</title>
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        <balance>2613.00000000</balance>
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        <curCd>USD</curCd>
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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>COPART, INC.</name>
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        <balance>15902.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AAON, INC.</name>
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        <balance>1398.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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        <title>MARSH MCLENNAN COS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GE VERNOVA INC.</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE VERNOVA LLC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Everest Group, Ltd.</name>
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        <title>EVEREST GROUP LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CORCEPT THERAPEUTICS INCORPORATED</name>
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        <title>CORCEPT THERAPEUTICS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>IDEXX LABORATORIES, INC.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
        <title>IDEXX LABORATORIES INC</title>
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        <invCountry>US</invCountry>

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        <name>MONSTER BEVERAGE CORPORATION</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>MONSTER BEVERAGE CORP</title>
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        <name>ROKU, INC.</name>
        <lei>549300KR6ITU0YIR1T71</lei>
        <title>ROKU INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>BROOKFIELD ASSET MANAGEMENT LTD.</name>
        <lei>549300CZ84WPNJZKY093</lei>
        <title>BROOKFIELD ASSET MANAGEMENT LTD</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTUIT INC.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>INTUIT INC</title>
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        <name>NORWEGIAN CRUISE LINE HOLDINGS LTD.</name>
        <lei>N/A</lei>
        <title>NORWEGIAN CRUISE LINE HOLDINGS LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GUIDEWIRE SOFTWARE, INC.</name>
        <lei>549300WXSG0J8IXZCK32</lei>
        <title>GUIDEWIRE SOFTWARE INC</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WINGSTOP INC.</name>
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        <name>TWILIO INC.</name>
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        <name>COMFORT SYSTEMS USA, INC.</name>
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        <name>LAMAR ADVERTISING COMPANY</name>
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        <name>HCA HEALTHCARE, INC.</name>
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        <name>WEX INC.</name>
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        <name>ALPHABET INC.</name>
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        <name>THE COCA-COLA COMPANY</name>
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        <name>EXLSERVICE HOLDINGS, INC.</name>
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        <name>Procore Technologies Inc</name>
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        <name>RH</name>
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        <name>MOLINA HEALTHCARE, INC.</name>
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        <name>TRADEWEB MARKETS INC.</name>
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        <name>BLOCK, INC.</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <title>O REILLY AUTOMOTIVE INC</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FREEDOM HOLDING CORP.</name>
        <lei>254900RKI81EPUJ3RW71</lei>
        <title>FREEDOM HOLDING CORP NV</title>
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          <isin value="US3563901046"/>
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        <curCd>USD</curCd>
        <valUSD>44478.16000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="42231.00000000"/>
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      <invstOrSec>
        <name>APPLE INC.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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          <isin value="US0378331005"/>
          <other otherDesc="Internal" value="037833100"/>
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        <balance>245823.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62387419.17000000</valUSD>
        <pctVal>11.61919528719</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>The Bank of New York Mellon Corporation</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>BANK OF NEW YORK MELLON CORPORATION</title>
        <cusip>064058100</cusip>
        <identifiers>
          <isin value="US0640581007"/>
          <other otherDesc="Internal" value="064058100"/>
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        <balance>919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109020.97000000</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>STARBUCKS CORPORATION</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORPORATION</title>
        <cusip>855244109</cusip>
        <identifiers>
          <isin value="US8552441094"/>
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        <balance>2911.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260796.49000000</valUSD>
        <pctVal>0.048571416927</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>AXON ENTERPRISE, INC.</name>
        <lei>549300QP2IEEGFE16681</lei>
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        <cusip>05464C101</cusip>
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        <balance>1460.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>620047.40000000</valUSD>
        <pctVal>0.115479241227</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>MONOLITHIC POWER SYSTEMS, INC.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
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          <isin value="US6098391054"/>
          <other otherDesc="Internal" value="609839105"/>
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        <balance>895.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>978548.25000000</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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      <invstOrSec>
        <name>SYNOPSYS, INC.</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
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        <cusip>871607107</cusip>
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        <balance>2688.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1065738.24000000</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>ZOETIS INC.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>ZOETIS INC</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <other otherDesc="Internal" value="98978V103"/>
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        <balance>6801.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>803946.21000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARMSTRONG WORLD INDUSTRIES, INC.</name>
        <lei>KXMRXXOJ88Q45Y45MG74</lei>
        <title>ARMSTRONG WORLD INDUSTRIES INC</title>
        <cusip>04247X102</cusip>
        <identifiers>
          <isin value="US04247X1028"/>
          <other otherDesc="Internal" value="04247X102"/>
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        <balance>219.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36091.20000000</valUSD>
        <pctVal>0.006721719002</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>AMERIPRISE FINANCIAL, INC.</name>
        <lei>6ZLKQF7QB6JAEKQS5388</lei>
        <title>AMERIPRISE FINANCIAL INC</title>
        <cusip>03076C106</cusip>
        <identifiers>
          <isin value="US03076C1062"/>
          <other otherDesc="Internal" value="03076C106"/>
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        <balance>1604.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712817.60000000</valUSD>
        <pctVal>0.132757004677</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>JAMES HARDIE INDUSTRIES PUBLIC LIMITED COMPANY</name>
        <lei>635400NSGXKTVOO7JU45</lei>
        <title>JAMES HARDIE INDUSTRIES PLC</title>
        <cusip>G4253H101</cusip>
        <identifiers>
          <isin value="IE000R94NGM2"/>
          <other otherDesc="Internal" value="G4253H101"/>
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        <balance>1984.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37576.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EXELIXIS, INC.</name>
        <lei>254900PJQB59O2O95R37</lei>
        <title>EXELIXIS INC</title>
        <cusip>30161Q104</cusip>
        <identifiers>
          <isin value="US30161Q1040"/>
          <other otherDesc="Internal" value="30161Q104"/>
        </identifiers>
        <balance>4286.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>183826.54000000</valUSD>
        <pctVal>0.034236333152</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>CORPAY, INC.</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>CORPAY INC</title>
        <cusip>219948106</cusip>
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          <other otherDesc="Internal" value="219948106"/>
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        <balance>1308.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380614.92000000</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>AMAZON.COM, INC.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON COM INC</title>
        <cusip>023135106</cusip>
        <identifiers>
          <isin value="US0231351067"/>
          <other otherDesc="Internal" value="023135106"/>
        </identifiers>
        <balance>119904.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24972406.08000000</valUSD>
        <pctVal>4.650925890107</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Allianz Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monique Labbe</ncom:signature>
      <ncom:signerName>Monique Labbe</ncom:signerName>
      <ncom:title>Treasurer - Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
