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        <name>United States of America</name>
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        <name>HOLOGIC, INC.</name>
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        <name>EXELON CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>RYAN SPECIALTY, LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>ANALOG DEVICES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LENNOX INTERNATIONAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>DELTA AIR LINES, INC.</name>
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        <title>SKYMILES IP LTD</title>
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      <invstOrSec>
        <name>ABBVIE INC.</name>
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        <name>NXP Semiconductors N.V.</name>
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        <name>HUB INTERNATIONAL LIMITED</name>
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        <name>GE HEALTHCARE TECHNOLOGIES INC.</name>
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        <name>CME GROUP INC.</name>
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        <name>STRYKER CORPORATION</name>
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        <name>MASTERCARD INCORPORATED.</name>
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          <isin value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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        <name>AVANTOR, INC.</name>
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        <name>FORTIVE CORPORATION</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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      <invstOrSec>
        <name>SALESFORCE, 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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      <invstOrSec>
        <name>REALPAGE, INC.</name>
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        <title>REALPAGE INC</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THERMO FISHER SCIENTIFIC INC.</name>
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          <ticker value="TMO"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VISA INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC.</name>
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      <invstOrSec>
        <name>VISA INC.</name>
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        <name>SENSATA TECHNOLOGIES, INC.</name>
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        <name>LAMAR MEDIA CORP.</name>
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      <invstOrSec>
        <name>GARTNER, INC.</name>
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        <name>GFL ENVIRONMENTAL INC.</name>
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        <name>SALESFORCE, INC.</name>
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      <invstOrSec>
        <name>BOOZ ALLEN HAMILTON INC.</name>
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      <invstOrSec>
        <name>Sensata Technologies B.V.</name>
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      <invstOrSec>
        <name>LGC GROUP TL B 1L BANKDEBT</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ATHENAHEALTH GROUP INC.</name>
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      <invstOrSec>
        <name>BECTON, DICKINSON AND COMPANY</name>
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          <isin value="N/A"/>
          <ticker value="BDX"/>
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      <invstOrSec>
        <name>APPLE INC.</name>
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        <title>APPLE INC</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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          <isin value="US6934751057"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>S&amp;P GLOBAL INC.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S P GLOBAL INC CALL OPTION</title>
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          <isin value="N/A"/>
          <ticker value="SPGI"/>
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        <balance>-5.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>YUM! Brands, Inc.</name>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <name>CEDAR FAIR, L.P.</name>
        <lei>549300TUVLNQQ6BVKH61</lei>
        <title>CEDAR FAIR CAN MAGNUM MI</title>
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        <name>NXP Semiconductors N.V.</name>
        <lei>724500M9BY5293JDF951</lei>
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        <name>VISA INC.</name>
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        <name>SBA SENIOR FINANCE II LLC</name>
        <lei>549300PVT2ADFWMYEW87</lei>
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      <invstOrSec>
        <name>VISA INC.</name>
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        <name>RYAN SPECIALTY GROUP LLC</name>
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      <invstOrSec>
        <name>IQVIA INC.</name>
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        <name>AMETEK, INC.</name>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <name>EQUIFAX INC.</name>
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        <name>BOOZ ALLEN HAMILTON INC.</name>
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        <name>CLARIOS GLOBAL LP</name>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>Sunshine Luxembourg VII SARL</name>
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        <name>INGERSOLL RAND INC.</name>
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        <name>QUARTZ ACQUIRECO, LLC</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <name>Life Time, Inc.</name>
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        <name>SALESFORCE, INC.</name>
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        <name>UKG INC.</name>
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        <name>KKR &amp; CO. INC.</name>
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      <invstOrSec>
        <name>ASSUREDPARTNERS INC</name>
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      <invstOrSec>
        <name>AMAZON.COM, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PETVET CARE CENTERS, LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BOOZ ALLEN HAMILTON INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CME GROUP INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <title>CHARLES RIVER LABORATORI</title>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTUIT INC.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
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          <isin value="N/A"/>
          <ticker value="INTU"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANALOG DEVICES, INC.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
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        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LIVE NATION ENTERTAINMENT, INC.</name>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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          <ticker value="BDX"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CCO HOLDINGS, LLC</name>
        <lei>N/A</lei>
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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>STRYKER CORPORATION</name>
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      <invstOrSec>
        <name>HOWMET AEROSPACE INC.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>HOWMET AEROSPACE INC</title>
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      <invstOrSec>
        <name>YUM! Brands, Inc.</name>
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        <name>ABBVIE INC.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
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        <name>STRYKER CORPORATION</name>
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        <name>PTC INC.</name>
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        <name>AZALEA TOPCO, INC.</name>
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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
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        <name>CMS ENERGY CORPORATION</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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      <invstOrSec>
        <name>S&amp;P GLOBAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>EOG RESOURCES, INC.</name>
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        <name>APPLE INC.</name>
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        <name>INTUIT INC.</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>MICROSOFT CORPORATION</name>
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        <name>PETVET CARE CENTERS, LLC</name>
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        <name>SALESFORCE, INC.</name>
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        <name>NXP Semiconductors N.V.</name>
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        <name>MICROSOFT CORPORATION</name>
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        <name>REVVITY, INC.</name>
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        <name>SBA Communications Corporation</name>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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        <name>DANAHER CORPORATION</name>
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        <name>ENTEGRIS ESCROW CORPORATION</name>
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        <name>APPLE INC.</name>
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        <name>HOWMET AEROSPACE INC.</name>
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        <name>Dreyfus Treasury Securities Cash Management; Institutional Shares</name>
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        <name>ALPHABET INC.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="AAPL"/>
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        <balance>-14.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1283.11000000</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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                <issuerName>APPLE INC.</issuerName>
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      <invstOrSec>
        <name>EQUIFAX INC.</name>
        <lei>5493004MCF8JDC86VS77</lei>
        <title>EQUIFAX INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="EFX"/>
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        <balance>-71.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8466.69000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <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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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>EQUIFAX INC.</issuerName>
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            <shareNo>71.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>124173.23000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASTERCARD INCORPORATED.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MATERCARD INC CLASS A</title>
        <cusip>57636Q104</cusip>
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          <isin value="US57636Q1040"/>
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        <balance>35500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADMI CORP.</name>
        <lei>5493008U1LYGMQWO7N12</lei>
        <title>ADMI CORP</title>
        <cusip>00709LAF4</cusip>
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          <isin value="US00709LAF40"/>
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        <balance>856233.05830000</balance>
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        <curCd>USD</curCd>
        <valUSD>839570.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-30</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
        <lei>5493003EG7H0N1E4XV50</lei>
        <title>HILTON WORLDWIDE FIN LLC</title>
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          <isin value="US432891AK52"/>
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        <balance>349000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332422.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AVANTOR FUNDING, INC.</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>AVANTOR FUNDING INC</title>
        <cusip>05352TAA7</cusip>
        <identifiers>
          <isin value="US05352TAA79"/>
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        <balance>2585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2352350.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EPICOR SOFTWARE CORPORATION</name>
        <lei>JGNXVGGGXR4O1L5I7S73</lei>
        <title>EPICOR SOFTWARE CORP</title>
        <cusip>29426NAT1</cusip>
        <identifiers>
          <isin value="US29426NAT19"/>
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        <balance>136070.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136104.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TELEFLEX INCORPORATED</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TELEFLEX INC</title>
        <cusip>879369AF3</cusip>
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          <isin value="US879369AF39"/>
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        <balance>745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682606.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VAIL RESORTS, INC.</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>VAIL RESORTS INC</title>
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          <isin value="US91879QAL32"/>
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        <balance>383000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380127.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCO HOLDINGS, LLC</name>
        <lei>N/A</lei>
        <title>CCO HOLDINGS LLC CAP CORP</title>
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        <balance>5511000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5001232.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <balance>-24.00000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELEFLEX INCORPORATED</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>TELEFLEX INC</title>
        <cusip>879369106</cusip>
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          <isin value="US8793691069"/>
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        <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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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APPLIED SYSTEMS, INC.</name>
        <lei>549300NSKGF0SY5SWQ62</lei>
        <title>APPLIED SYSTEMS INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LINDE PUBLIC LIMITED COMPANY</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>NEW LINDE PLC</title>
        <cusip>G54950103</cusip>
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          <isin value="IE000S9YS762"/>
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        <balance>25290.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9416731.50000000</valUSD>
        <pctVal>0.898242646594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INCORPORATED</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="UNH"/>
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        <balance>-49.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-17482.79000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WOOF HOLDINGS, INC.</name>
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        <name>KORN FERRY</name>
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        <name>NXP Semiconductors N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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      <invstOrSec>
        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SBA Communications Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MICROSOFT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BECTON, DICKINSON AND COMPANY</name>
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        <name>NVIDIA CORPORATION</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>USIS MERGER SUB, INC.</name>
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        <name>KEURIG DR PEPPER INC.</name>
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        <name>DANAHER CORPORATION</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ASSUREDPARTNERS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLIANT HOLDINGS INTERMEDIATE, LLC</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAMAR MEDIA CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KEURIG DR PEPPER INC.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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          <isin value="US49271V1008"/>
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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>TELEDYNE TECHNOLOGIES INCORPORATED</name>
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        <title>TELEDYNE TECHNOLOGIES INC</title>
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          <isin value="US8793601050"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>TE Connectivity Ltd.</name>
        <lei>894500ZRIX9K13RHXR17</lei>
        <title>TE CONNECTIVITY LTD</title>
        <cusip>H84989104</cusip>
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          <isin value="CH0102993182"/>
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        <balance>8236.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABBVIE INC.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC</title>
        <cusip>00287Y109</cusip>
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          <isin value="US00287Y1091"/>
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        <balance>83941.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12512245.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ANALOG DEVICES, INC.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
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          <isin value="N/A"/>
          <ticker value="ADI"/>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BLACK KNIGHT INFOSERV, LLC</name>
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        <name>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC</title>
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        <name>NXP Semiconductors N.V.</name>
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        <name>NXP Semiconductors N.V.</name>
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      <invstOrSec>
        <name>SERVICE CORPORATION INTERNATIONAL</name>
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        <name>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>SkyMiles IP Ltd.</name>
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        <name>APPLIED SYSTEMS, INC.</name>
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        <name>United States of America</name>
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        <name>CHARTER COMMUNICATIONS OPERATING, LLC</name>
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        <name>STARBUCKS CORPORATION</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>CANADIAN NATURAL RESOURCES LIMITED</name>
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        <name>DTE ENERGY COMPANY</name>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>TELEFLEX INCORPORATED</name>
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        <name>GENERAL ELECTRIC COMPANY</name>
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        <name>CME GROUP INC.</name>
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      <invstOrSec>
        <name>EXELON CORPORATION</name>
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        <name>USI, INC.</name>
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        <name>GARTNER, INC.</name>
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        <name>EXELON CORPORATION</name>
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        <name>FILTRATION GROUP CORPORATION</name>
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        <name>META PLATFORMS, INC.</name>
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        <name>CMS ENERGY CORPORATION</name>
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        <name>YUM! Brands, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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      <invstOrSec>
        <name>KKR &amp; CO. INC.</name>
        <lei>54930013V5I303TF9571</lei>
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      <invstOrSec>
        <name>Sensata Technologies B.V.</name>
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      <invstOrSec>
        <name>KKR &amp; CO. INC.</name>
        <lei>54930013V5I303TF9571</lei>
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      <invstOrSec>
        <name>DANAHER CORPORATION</name>
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      <invstOrSec>
        <name>CEDAR FAIR, L.P.</name>
        <lei>549300TUVLNQQ6BVKH61</lei>
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      <invstOrSec>
        <name>S&amp;P GLOBAL INC.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
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        <name>STARBUCKS CORPORATION</name>
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        <name>MSCI INC.</name>
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        <name>KEURIG DR PEPPER INC.</name>
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      <invstOrSec>
        <name>ANALOG DEVICES, INC.</name>
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        <name>HEARTLAND DENTAL, LLC</name>
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      <invstOrSec>
        <name>SENSATA TECHNOLOGIES, INC.</name>
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        <name>ASSUREDPARTNERS, INC.</name>
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      <invstOrSec>
        <name>ABBVIE INC.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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          <isin value="N/A"/>
          <ticker value="ABBV"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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          <isin value="N/A"/>
          <ticker value="MMC"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>GARTNER, INC.</name>
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      <invstOrSec>
        <name>SURGERY CENTER HOLDINGS, INC.</name>
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      <invstOrSec>
        <name>MILEAGE PLUS HOLDINGS, LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISOURCE INC.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC</title>
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      <invstOrSec>
        <name>GENERAL ELECTRIC COMPANY</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GENERAL ELECTRIC CO CALL OPTION</title>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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      <invstOrSec>
        <name>HIG FINANCE 2 LIMITED</name>
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        <title>HOWDEN GROUP HOLDINGS LTD</title>
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        <name>HUB INTERNATIONAL LIMITED</name>
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        <title>HUB INTERNATIONAL LIMITED</title>
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        <name>CEDAR FAIR, L.P.</name>
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        <name>EQUIFAX INC.</name>
        <lei>5493004MCF8JDC86VS77</lei>
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        <name>AMWINS GROUP, INC.</name>
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        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <name>NXP Semiconductors N.V.</name>
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        <name>HUB INTERNATIONAL LIMITED</name>
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        <name>REPUBLIC SERVICES, INC.</name>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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        <name>ADMI CORP.</name>
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      <invstOrSec>
        <name>ASSUREDPARTNERS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AZALEA TOPCO, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STORABLE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-16</maturityDt>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <title>UNITEDHEALTH GROUP INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THERMO FISHER SCIENTIFIC INC.</name>
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          <isin value="N/A"/>
          <ticker value="TMO"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HUMANA INC.</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LINDE PUBLIC LIMITED COMPANY</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO HOLDINGS, LLC</name>
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        <name>SOPHIA, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sensata Technologies B.V.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>TEXAS INSTRUMENTS INCORPORATED</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>TEXAS INSTRUMENTS INC</title>
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        <name>INGERSOLL RAND INC.</name>
        <lei>5299004C02FMZCUOIR50</lei>
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        <name>META PLATFORMS, INC.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>S&amp;P GLOBAL INC.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
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        <assetCat>DE</assetCat>
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          <ticker value="TDY"/>
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        <name>KFC HOLDING CO.</name>
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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA Communications Corporation</name>
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        <title>SBA COMMUNICATIONS CORP</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>YUM! Brands, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
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        <name>LINDE PUBLIC LIMITED COMPANY</name>
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          <isin value="N/A"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VISA INC.</name>
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        <name>LAMAR MEDIA CORP.</name>
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        <name>THERMO FISHER SCIENTIFIC INC.</name>
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        <name>USI, INC.</name>
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        <name>SIX FLAGS THEME PARKS INC.</name>
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        <name>SCE TRUST IV</name>
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        <name>CEDAR FAIR, L.P.</name>
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        <name>GENERAL ELECTRIC COMPANY</name>
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        <name>MASTERCARD INCORPORATED.</name>
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      <invstOrSec>
        <name>PTC INC.</name>
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      <invstOrSec>
        <name>ROPER TECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE GOLDMAN SACHS GROUP, 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>UNITEDHEALTH GROUP INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sensata Technologies B.V.</name>
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      <invstOrSec>
        <name>STRYKER CORPORATION</name>
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        <name>Mobileye Global Inc</name>
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        <name>SOPHIA, L.P.</name>
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      <invstOrSec>
        <name>VISA INC.</name>
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        <name>ABBVIE INC.</name>
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        <name>VISA INC.</name>
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        <name>ABBVIE INC.</name>
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        <name>EXELON CORPORATION</name>
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        <name>LINDE PUBLIC LIMITED COMPANY</name>
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        <name>INGERSOLL RAND INC.</name>
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        <name>ABBVIE INC.</name>
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        <identifiers>
          <isin value="N/A"/>
          <ticker value="ABBV"/>
        </identifiers>
        <balance>-94.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-84005.45000000</valUSD>
        <pctVal>-0.00801310706</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>ABBVIE INC.</issuerName>
                <issueTitle>ABBVIE INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="00287Y109"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>94.00000000</shareNo>
            <exercisePrice>165.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>10652.55000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROADSTREET PARTNERS, INC.</name>
        <lei>549300BS9N54G8DD0R75</lei>
        <title>BROADSTREET PARTNERS INC</title>
        <cusip>11135RAA3</cusip>
        <identifiers>
          <isin value="US11135RAA32"/>
        </identifiers>
        <balance>723000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>638047.50000000</valUSD>
        <pctVal>0.060862038495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>STRYKER CORPORATION</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>STRYKER CORP CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="SYK"/>
        </identifiers>
        <balance>-32.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-15571.32000000</valUSD>
        <pctVal>-0.00148531618</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>STRYKER CORPORATION</issuerName>
                <issueTitle>STRYKER CORP CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="863667101"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>32.00000000</shareNo>
            <exercisePrice>300.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-01-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>31695.23000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-10-30</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>
