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        <name>YUM! Brands, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HEARTLAND DENTAL, LLC</name>
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        <name>HOLOGIC, INC.</name>
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        <name>TK ELEVATOR U.S. NEWCO, INC.</name>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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        <name>FORMULA ONE ASSET MANAGEMENT LIMITED</name>
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        <name>AVANTOR, INC.</name>
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        <name>SIRIUS XM RADIO INC.</name>
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        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <name>AMAZON.COM, INC.</name>
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        <name>AMAZON.COM, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARCHES BUYER INC.</name>
        <lei>2549009ADY4208OH2Y47</lei>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>APPLE 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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      <invstOrSec>
        <name>HOLOGIC, INC.</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
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          <isin value="N/A"/>
          <ticker value="HOLX"/>
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        <balance>-84.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1120.59000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <title>PNC FINANCIAL SERVICES GROUP INC</title>
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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>YUM! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CEDAR FAIR, L.P.</name>
        <lei>549300TUVLNQQ6BVKH61</lei>
        <title>CEDAR FAIR CAN MAGNUM MI</title>
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          <isin value="US150190AF30"/>
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        <valUSD>1255465.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SNAP INC.</name>
        <lei>549300JNC0L6VP8A2Q35</lei>
        <title>SNAP INC</title>
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          <isin value="US83304AAF30"/>
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        <balance>1020000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>SNAP INC.</title>
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      <invstOrSec>
        <name>CATALENT PHARMA SOLUTIONS, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>VISA INC.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC CLASS A</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MICROSOFT CORPORATION</name>
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          <ticker value="MSFT"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RYAN SPECIALTY GROUP, LLC</name>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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          <ticker value="BDX"/>
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      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES GROUP INC THE CALL OPTION</title>
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        <name>Sunshine Luxembourg VII SARL</name>
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        <name>Life Time Inc.</name>
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        <name>AMAZON.COM, INC.</name>
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        <name>AMAZON.COM, INC.</name>
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          <ticker value="GOOGL"/>
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        <name>YUM! Brands, Inc.</name>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LGC GROUP TL</name>
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        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>GENERAL ELECTRIC COMPANY</name>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
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        <name>EOG RESOURCES, INC.</name>
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        <name>APPLIED SYSTEMS, INC.</name>
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        <name>PETVET CARE CENTERS, LLC</name>
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        <name>NXP Semiconductors N.V.</name>
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      <invstOrSec>
        <name>CCO HOLDINGS, LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALPHABET INC.</name>
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          <isin value="US02079K1079"/>
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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>HUB INTERNATIONAL LIMITED</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB INTERNATIONAL LTD</title>
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          <isin value="US44332PAG63"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385250.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2029-12-01</maturityDt>
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      <invstOrSec>
        <name>TELEFLEX INCORPORATED</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TELEFLEX INC</title>
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          <isin value="US8793691069"/>
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        <balance>49110.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WASTE CONNECTIONS, INC.</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC</title>
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          <isin value="CA94106B1013"/>
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        <balance>124662.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLIED SYSTEMS, INC.</name>
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          <isin value="US03827FBA84"/>
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        <balance>471644.98000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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          <isin value="N/A"/>
          <ticker value="UNH"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>WOOF HOLDINGS, INC.</name>
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        <title>WELLPET TL B 1L BANKDEBT</title>
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          <isin value="US98082EAB02"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-16</maturityDt>
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      <invstOrSec>
        <name>MSCI INC.</name>
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          <isin value="US55354G1004"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KORN FERRY</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>KORN FERRY INTERNATIONAL</title>
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          <isin value="US50067PAA75"/>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROJECT BOOST PURCHASER, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>SEAWORLD PARKS &amp; ENTERTAINMENT, INC.</name>
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        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <title>CHARLES SCHWAB CORP PREFERRED</title>
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        <name>NVIDIA CORPORATION</name>
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        <title>NVIDIA CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>USIS MERGER SUB, INC.</name>
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        <name>KEURIG DR PEPPER INC.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KEURIG DR PEPPER INC CALL OPTION</title>
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      <invstOrSec>
        <name>GENERAL ELECTRIC COMPANY</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GENERAL ELECTRIC CO</title>
        <cusip>369604301</cusip>
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        <balance>344294.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KEURIG DR PEPPER INC.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TELEDYNE TECHNOLOGIES INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TE Connectivity Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MICROSOFT CORPORATION</name>
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          <isin value="N/A"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>IRB HOLDING CORP.</name>
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        <name>CORELOGIC, INC.</name>
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        <name>MSCI INC.</name>
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        <name>MSCI INC.</name>
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        <name>SkyMiles IP Ltd.</name>
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        <title>DELTA AIR LINES SKYMILES</title>
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        <name>United States of America</name>
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        <name>SPOTIFY USA INC.</name>
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        <name>Clarios Global LP</name>
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        <name>Domino's Pizza Master Issuer LLC</name>
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        <name>Life Time Inc.</name>
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        <name>SENSATA TECHNOLOGIES, INC.</name>
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        <name>GARTNER, INC.</name>
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        <name>SURGERY CENTER HOLDINGS, INC.</name>
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        <name>MILEAGE PLUS HOLDINGS, LLC</name>
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        <name>NISOURCE INC.</name>
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        <name>POLARIS NEWCO, LLC</name>
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        <name>GENERAL ELECTRIC COMPANY</name>
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        <name>HIG FINANCE 2 LIMITED</name>
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        <name>CEDAR FAIR, L.P.</name>
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        <name>REALPAGE, INC.</name>
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        <title>REALPAGE INC</title>
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        <name>UKG INC.</name>
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        <name>TK Elevator Midco GmbH</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HUB INTERNATIONAL LIMITED</name>
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        <name>HUB INTERNATIONAL LIMITED</name>
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        <name>CASH</name>
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        <name>STARBUCKS CORPORATION</name>
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        <name>HOLOGIC, INC.</name>
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        <name>ASCEND LEARNING, LLC</name>
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        <name>FILTRATION GROUP CORPORATION</name>
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      <invstOrSec>
        <name>HUMANA INC.</name>
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      <invstOrSec>
        <name>IQVIA INC.</name>
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      <invstOrSec>
        <name>ADMI CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BLACK KNIGHT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMAZON.COM, INC.</name>
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        <name>AZALEA TOPCO, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STORABLE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MICROSOFT CORPORATION</name>
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          <ticker value="MSFT"/>
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        <name>NISOURCE INC.</name>
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        <name>CATALENT PHARMA SOLUTIONS, INC.</name>
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        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <name>HUMANA INC.</name>
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        <name>CCO HOLDINGS, LLC</name>
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        <name>SOPHIA, L.P.</name>
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        <name>Sensata Technologies B.V.</name>
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        <name>APPLE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GENERAL ELECTRIC COMPANY</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CEDAR FAIR, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GENERAL ELECTRIC COMPANY</name>
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          <isin value="N/A"/>
          <ticker value="GE"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALLIANT HOLDINGS INTERMEDIATE, LLC</name>
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      <invstOrSec>
        <name>ROPER TECHNOLOGIES, 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>YUM! Brands, Inc.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>Sensata Technologies B.V.</name>
        <lei>PUCKW5P5O3XMOZVH7T53</lei>
        <title>SENSATA TECHNOLOGIES BV</title>
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        <balance>260000.00000000</balance>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOPHIA, L.P.</name>
        <lei>549300RP8NIJ7FY7OS79</lei>
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        <balance>868437.50000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMEREN CORPORATION</name>
        <lei>XRZQ5S7HYJFPHJ78L959</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TRANSDIGM UK HOLDINGS PLC</name>
        <lei>549300JTYP71LZZSE903</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TRANSDIGM INC.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>APPLE INC.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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        <name>CATALENT, INC.</name>
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        <name>FILTRATION GROUP CORPORATION</name>
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        <name>ACRISURE, LLC</name>
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        <name>PETVET CARE CENTERS, LLC</name>
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        <name>PETVET CARE CENTERS, LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-14</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.37000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON COM INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="AMZN"/>
        </identifiers>
        <balance>-120.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1785.57000000</valUSD>
        <pctVal>-0.00016970760</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>AMAZON.COM, INC.</issuerName>
                <issueTitle>AMAZON COM INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="023135106"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>120.00000000</shareNo>
            <exercisePrice>190.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>118008.41000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUM! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM BRANDS INC</title>
        <cusip>988498101</cusip>
        <identifiers>
          <isin value="US9884981013"/>
        </identifiers>
        <balance>269672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28676920.48000000</valUSD>
        <pctVal>2.725567412231</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>SIX FLAGS ENTERTAINMENT CORPORATION</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>SIX FLAGS ENTERTAINMENT</title>
        <cusip>83001AAC6</cusip>
        <identifiers>
          <isin value="US83001AAC62"/>
        </identifiers>
        <balance>2690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2367200.00000000</valUSD>
        <pctVal>0.224988006739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2413083.73000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES GROUP INC THE CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="PNC"/>
        </identifiers>
        <balance>-49.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2929.22000000</valUSD>
        <pctVal>-0.00027840459</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>THE PNC FINANCIAL SERVICES GROUP, INC.</issuerName>
                <issueTitle>PNC FINANCIAL SERVICES GROUP INC THE CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="693475105"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>49.00000000</shareNo>
            <exercisePrice>200.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>27793.78000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Allianz Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Bashir C. Asad</ncom:signature>
      <ncom:signerName>Bashir C. Asad</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
