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      <invstOrSec>
        <name>IQVIA INC.</name>
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        <title>IQVIA INC</title>
        <cusip>46266TAB4</cusip>
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        <curCd>USD</curCd>
        <valUSD>860520.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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      <invstOrSec>
        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <title>HILTON DOMESTIC OPERATING CO INC</title>
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        <curCd>USD</curCd>
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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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        <securityLending>
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      <invstOrSec>
        <name>BOOZ ALLEN HAMILTON INC.</name>
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        <balance>476000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>GE HEALTHCARE TECHNOLOGIES INC.</name>
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          <isin value="N/A"/>
          <ticker value="GEHC"/>
          <other otherDesc="Internal" value="GEHC1C100"/>
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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>MCKESSON CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INGERSOLL RAND 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>CROWN CASTLE INC.</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HUB INTERNATIONAL LIMITED</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB INTERNATIONAL</title>
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          <other otherDesc="Internal" value="44332EAZ9"/>
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        <balance>14747240.00000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>VMWARE LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Domino's Pizza Master Issuer LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADMI CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SERVICE CORPORATION INTERNATIONAL</name>
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        <name>AON PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMWINS GROUP, INC.</name>
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        <name>USI INC NY</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <title>HILTON DOMESTIC OPERATIN</title>
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        <isRestrictedSec>N</isRestrictedSec>

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

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        <isRestrictedSec>N</isRestrictedSec>

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

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        <name>AVANTOR FUNDING, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>LGC GROUP TL</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ABBOTT LABORATORIES</name>
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        <name>ELLUCIAN HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LOCKHEED MARTIN CORPORATION</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VICI PROPERTIES L.P.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <name>Pepsico, Inc.</name>
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        <name>ELI LILLY AND COMPANY</name>
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        <name>PRA HEALTH SCIENCES, INC.</name>
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        <name>PTC INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>TRANSDIGM INC.</name>
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        <name>INTUIT INC.</name>
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        <name>IRB HOLDING CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NXP Semiconductors N.V.</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>BALL CORPORATION</name>
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        <name>ALLIANT ENERGY CORPORATION</name>
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        <name>ADVANCED MICRO DEVICES, INC.</name>
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        <name>SURGERY CENTER HOLDINGS, 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>Life Time, Inc.</name>
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        <name>AON PUBLIC LIMITED COMPANY</name>
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        <name>ALPHABET INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TRANS UNION LLC</name>
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        <name>MASTERCARD INCORPORATED.</name>
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        <title>MATERCARD INC CLASS A</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MASTERCARD INCORPORATED.</name>
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        <name>LOCKHEED MARTIN CORPORATION</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>AVANTOR FUNDING, INC.</name>
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        <name>TELEFLEX INCORPORATED</name>
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        <name>VICI PROPERTIES L.P.</name>
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        <name>VISA INC.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC CALL OPTION</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KORN FERRY</name>
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        <name>BIOGEN INC.</name>
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        <name>CPI HOLDCO B, LLC</name>
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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <name>Willis Towers Watson Public Limited Company</name>
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        <name>NVIDIA CORPORATION</name>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS, INC.</name>
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        <name>MSCI INC.</name>
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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>BIOGEN INC.</name>
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        <name>MSCI INC.</name>
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        <name>GARTNER, INC.</name>
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        <name>MCDONALD'S CORPORATION</name>
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        <name>MOTOROLA SOLUTIONS, INC.</name>
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        <name>SIX FLAGS ENTERTAINMENT CORPORATION</name>
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        <name>SBA SENIOR FINANCE II LLC</name>
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        <name>KEURIG DR PEPPER INC.</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Northrop Grumman Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <name>CROWN CASTLE INC.</name>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMERICAN ELECTRIC POWER COMPANY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THERMO FISHER SCIENTIFIC INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HILTON DOMESTIC OPERATING COMPANY INC.</name>
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        <name>VISA INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HEARTLAND DENTAL, LLC</name>
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        <name>SIX FLAGS THEME PARKS INC.</name>
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        <name>SIX FLAGS ENTERTAINMENT CORPORATION</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PTC INC.</name>
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        <name>STORABLE, INC.</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>Northrop Grumman Corporation</name>
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        <name>TRANSDIGM INC.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>QUARTZ ACQUIRECO, LLC</name>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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"/>
          <other otherDesc="Internal" value="2098876"/>
        </identifiers>
        <balance>30492.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4798221.12000000</valUSD>
        <pctVal>0.479966307288</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>529900AS2CYWYFHRS781</lei>
        <title>SIX FLAGS ENTERTAINMENT</title>
        <cusip>83001AAC6</cusip>
        <identifiers>
          <isin value="US83001AAC62"/>
          <other otherDesc="Internal" value="BDRT6C4"/>
        </identifiers>
        <balance>1443000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1421355.00000000</valUSD>
        <pctVal>0.142178214308</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERVICE CORPORATION INTERNATIONAL</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>SERVICE CORP INTL</title>
        <cusip>817565CH5</cusip>
        <identifiers>
          <isin value="US817565CH52"/>
          <other otherDesc="Internal" value="BS6QB60"/>
        </identifiers>
        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>568400.00000000</valUSD>
        <pctVal>0.056857081455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROADSTREET PARTNERS, INC.</name>
        <lei>549300BS9N54G8DD0R75</lei>
        <title>BROADSTREET PARTNERS INC</title>
        <cusip>11135RAA3</cusip>
        <identifiers>
          <isin value="US11135RAA32"/>
          <other otherDesc="Internal" value="BNBW7Y8"/>
        </identifiers>
        <balance>1438000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1373290.00000000</valUSD>
        <pctVal>0.137370269867</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Allianz Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monique Labbe</ncom:signature>
      <ncom:signerName>Monique Labbe</ncom:signerName>
      <ncom:title>Treasurer - Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
