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      <invstOrSec>
        <name>Stryker Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Prologis LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ONEOK, Inc.</name>
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        <name>QUALCOMM, Inc.</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
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        <balance>819000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-20</maturityDt>
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          <annualizedRt>4.65000000</annualizedRt>
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        <name>AerCap Ireland Capital DAC</name>
        <lei>549300TI38531ODB1G63</lei>
        <title>AerCap Ireland Capital DAC</title>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>498417.85000000</valUSD>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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        <name>Zoetis, Inc.</name>
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        <title>Zoetis, Inc.</title>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Storage Operating Co.</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage Operating Co.</title>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Merck &amp; Co., Inc.</name>
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        <title>Merck &amp; Co., Inc.</title>
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        <balance>1140000.00000000</balance>
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        <valUSD>1129918.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-04-01</maturityDt>
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        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
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        <invCountry>US</invCountry>
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        <name>Northwestern University</name>
        <lei>OBWWNZE695DUK77DTI34</lei>
        <title>Northwestern University</title>
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        <name>Pfizer, Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
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        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources, Inc.</title>
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        <balance>438000.00000000</balance>
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        <valUSD>407115.51000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>AvalonBay Communities, Inc.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc.</title>
        <cusip>053484AG6</cusip>
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        <name>Barrick Mining Corp.</name>
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        <name>Banco Santander SA</name>
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      <invstOrSec>
        <name>Georgia Power Co.</name>
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        <name>Coca-Cola Femsa SAB de CV</name>
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        <name>Baltimore Gas &amp; Electric Co.</name>
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        <name>Republic Services, Inc.</name>
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          <maturityDt>2035-03-15</maturityDt>
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        <name>MSCI, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Safehold GL Holdings LLC</name>
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        <name>HF Sinclair Corp.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Simon Property Group LP</name>
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        <name>American Water Capital Corp.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>General Mills, Inc.</name>
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        <name>Essex Portfolio LP</name>
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        <name>Gartner, Inc.</name>
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      <invstOrSec>
        <name>Dominion Energy South Carolina, Inc.</name>
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        <name>MetLife, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regency Centers LP</name>
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      <invstOrSec>
        <name>Dover Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lincoln National Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Halliburton Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tampa Electric Co.</name>
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        <name>Allstate Corp. (The)</name>
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        <name>Mid-America Apartments LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern Co. Gas Capital Corp.</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
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        <name>Sherwin-Williams Co. (The)</name>
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        <name>TD SYNNEX Corp.</name>
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        <name>PayPal Holdings, Inc.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Southern California Gas Co.</name>
        <lei>XY0N0J73VHV5F4CUJV89</lei>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2035-03-15</maturityDt>
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        <name>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos., Inc. (The)</title>
        <cusip>969457CS7</cusip>
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        <name>Packaging Corp. of America</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>Medtronic, Inc.</name>
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        <name>GlaxoSmithKline Capital, Inc.</name>
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        <name>Carlisle Cos., Inc.</name>
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        <name>BlackRock Funds III</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Westinghouse Air Brake Technologies Corp.</name>
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        <name>AutoNation, Inc.</name>
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        <name>CenterPoint Energy Houston Electric LLC</name>
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        <name>Tapestry, Inc.</name>
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        <name>Cornell University</name>
        <lei>549300ZZIJPNT0RZWP17</lei>
        <title>Cornell University, Series 2025</title>
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        <name>Diageo Investment Corp.</name>
        <lei>S4G8DPIPDVCF6CB81Z61</lei>
        <title>Diageo Investment Corp.</title>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <name>Comcast Corp.</name>
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        <name>Alabama Power Co.</name>
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        <name>Nomura Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lowe's Cos., Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chubb INA Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AEP Transmission Co. LLC</name>
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        <name>Toyota Motor Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>CenterPoint Energy Houston Electric LLC</name>
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        <name>Altria Group, Inc.</name>
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        <name>General Motors Co.</name>
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        <name>Meritage Homes Corp.</name>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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        <invCountry>US</invCountry>
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        <name>Verizon Communications, Inc.</name>
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        <name>American Honda Finance Corp.</name>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Healthpeak OP LLC</name>
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          <maturityDt>2035-02-15</maturityDt>
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      <invstOrSec>
        <name>GATX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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        <name>PepsiCo, Inc.</name>
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        <name>San Diego Gas &amp; Electric Co.</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Gerdau Trade, Inc.</name>
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        <invCountry>VG</invCountry>

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        <name>Realty Income Corp.</name>
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        <name>Alibaba Group Holding Ltd.</name>
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        <name>Union Electric Co.</name>
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        <name>RELX Capital, Inc.</name>
        <lei>2R15C3RTKJN1RCBOV146</lei>
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        <invCountry>US</invCountry>

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        <name>NXP BV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Manulife Financial Corp.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
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        <balance>630000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>Woodside Finance Ltd.</name>
        <lei>254900AIZKU6TGRRNZ98</lei>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>L3Harris Technologies, Inc.</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3Harris Technologies, Inc.</title>
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        <balance>344000.00000000</balance>
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        <valUSD>342517.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85400000</annualizedRt>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <balance>1015000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Welltower OP LLC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>Welltower OP LLC</title>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1066115.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Consumers Energy Co.</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
        <title>Consumers Energy Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-03-01</maturityDt>
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        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
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        <name>HCA, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>UnitedHealth Group, Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
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        <invCountry>US</invCountry>
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        <name>Broadcom, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Westlake Corp.</name>
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        <name>Black Hills Corp.</name>
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        <name>GE Capital International Funding Co. Unlimited Co.</name>
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        <name>Smurfit Westrock Financing DAC</name>
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        <name>Exelon Corp.</name>
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        <name>Duke Energy Carolinas LLC</name>
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        <name>Diamondback Energy, Inc.</name>
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        <name>Alphabet, Inc.</name>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
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        <name>Booz Allen Hamilton, Inc.</name>
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      <invstOrSec>
        <name>International Paper Co.</name>
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        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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          <maturityDt>2035-04-28</maturityDt>
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      <invstOrSec>
        <name>Enbridge, Inc.</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge, Inc.</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-20</maturityDt>
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        <name>S&amp;P Global, Inc.</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-04</maturityDt>
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        <name>Chevron USA, Inc.</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
        <title>Chevron USA, Inc.</title>
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        <valUSD>634764.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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          <annualizedRt>4.98000000</annualizedRt>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
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          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>Takeda US Financing, Inc.</name>
        <lei>254900ZGPIBGBZ2N3A33</lei>
        <title>Takeda US Financing, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Puget Energy, Inc.</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-09</maturityDt>
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        <name>NSTAR Electric Co.</name>
        <lei>54930080R72Y2Z31UR68</lei>
        <title>NSTAR Electric Co.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-03-01</maturityDt>
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        <name>Visa, Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>CF Industries, Inc.</name>
        <lei>5FVKT86LAD2F40NPC183</lei>
        <title>CF Industries, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kilroy Realty LP</name>
        <lei>5493008CT3N3JR7P1552</lei>
        <title>Kilroy Realty LP</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Host Hotels &amp; Resorts LP</name>
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        <name>CNA Financial Corp.</name>
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        <name>Essential Utilities, Inc.</name>
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        <name>Amrize Finance US LLC</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Ascension Health</name>
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        <name>Microsoft Corp.</name>
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        <name>Starbucks Corp.</name>
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        <name>J Paul Getty Trust (The)</name>
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        <name>Micron Technology, Inc.</name>
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        <name>Southern Power Co.</name>
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        <name>Tyco Electronics Group SA</name>
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        <name>Phillips 66 Co.</name>
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        <name>America Movil SAB de CV</name>
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        <name>DTE Electric Co.</name>
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        <name>Novartis Capital Corp.</name>
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        <name>Union Pacific Corp.</name>
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        <name>Comcast Corp.</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Texas Instruments, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toll Brothers Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Roper Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ORIX Corp.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Microsoft Corp.</name>
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        <name>Synopsys, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Boston Properties LP</name>
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        <name>Brixmor Operating Partnership LP</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Interstate Power &amp; Light Co.</name>
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        <name>Kimco Realty OP LLC</name>
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        <name>Dell International LLC</name>
        <lei>254900ZARLSVK41DKO78</lei>
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        <name>Entergy Texas, Inc.</name>
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        <name>Flex Ltd.</name>
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        <name>Micron Technology, Inc.</name>
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        <name>Caterpillar, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southern California Edison Co.</name>
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        <name>Magna International, Inc.</name>
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        <name>Ford Motor Credit Co. LLC</name>
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        <name>Ameren Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>Humana, Inc.</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Textron, Inc.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>Banco Santander SA</name>
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        <name>CubeSmart LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-07</maturityDt>
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        <name>Campbell's Co. (The)</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
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        <balance>688000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-23</maturityDt>
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        <name>Southwestern Public Service Co.</name>
        <lei>OL6FE7QD5EQ3DOYEO258</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Jersey Central Power &amp; Light Co.</name>
        <lei>549300W9UGH9ZPLNPF79</lei>
        <title>Jersey Central Power &amp; Light Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>United Parcel Service, Inc.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Brookfield Asset Management Ltd.</name>
        <lei>549300CZ84WPNJZKY093</lei>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>J M Smucker Co. (The)</name>
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        <name>Rollins, Inc.</name>
        <lei>549300F2A0BXT4SGWD84</lei>
        <title>Rollins, Inc.</title>
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        <name>Northern States Power Co.</name>
        <lei>3S1GHB0TEH85KX44SB51</lei>
        <title>Northern States Power Co.</title>
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        <invCountry>US</invCountry>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PECO Energy Co.</name>
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        <name>AbbVie, Inc.</name>
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      <invstOrSec>
        <name>Hexcel Corp.</name>
        <lei>S6Q7LW43WUBUHXY2QP69</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
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        <balance>466000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Hubbell, Inc.</name>
        <lei>54930088VDQ6840Y6597</lei>
        <title>Hubbell, Inc.</title>
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        <balance>360000.00000000</balance>
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        <valUSD>355918.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Cummins, Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>Cummins, Inc.</title>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <name>Cencora, Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>Cencora, Inc.</title>
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        <balance>562000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573039.42000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>CommonSpirit Health</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CommonSpirit Health</title>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320222.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.97500000</annualizedRt>
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      <invstOrSec>
        <name>LPL Holdings, Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL Holdings, Inc.</title>
        <cusip>50212YAM6</cusip>
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          <isin value="US50212YAM66"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>443263.06000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Apollo Global Management, Inc.</name>
        <lei>254900LMFT1CY9IYB476</lei>
        <title>Apollo Global Management, Inc.</title>
        <cusip>03769MAE6</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
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        <valUSD>741287.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co.</title>
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          <isin value="US233331BP15"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477996.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.05000000</annualizedRt>
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        <name>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>Kinder Morgan Energy Partners LP</title>
        <cusip>494550AT3</cusip>
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        <balance>412000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434335.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>PulteGroup, Inc.</name>
        <lei>N/A</lei>
        <title>PulteGroup, Inc.</title>
        <cusip>745867AT8</cusip>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251812.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
        <cusip>931142CB7</cusip>
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        <balance>1009000.00000000</balance>
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        <name>Alphabet, Inc.</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Brown &amp; Brown, Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>American Tower Corp.</name>
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        <name>KKR &amp; Co., Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-07</maturityDt>
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        <name>National Grid USA</name>
        <lei>MOM4570XTJ5YYX7JKH83</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
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        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp.</title>
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        <name>Xcel Energy, Inc.</name>
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        <name>Duke Energy Progress LLC</name>
        <lei>0NIFZ782LS46WOC9QK20</lei>
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        <name>Southwest Airlines Co.</name>
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        <name>BAT Capital Corp.</name>
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        <name>GE HealthCare Technologies, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Essential Properties LP</name>
        <lei>254900XX9FNFCDE1NX02</lei>
        <title>Essential Properties LP</title>
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        <invCountry>US</invCountry>
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        <name>LPL Holdings, Inc.</name>
        <lei>549300Z5YF8CCRMYUL26</lei>
        <title>LPL Holdings, Inc.</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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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
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        <name>Canadian Pacific Railway Co.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Canadian Natural Resources Ltd.</name>
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        <name>Consolidated Edison Co. of New York, Inc.</name>
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      <invstOrSec>
        <name>Sysco Corp.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Rio Tinto Alcan, Inc.</name>
        <lei>2138007ZSQ7B17SKOX77</lei>
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        <invCountry>CA</invCountry>
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        <name>Mastercard, Inc.</name>
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        <name>Evergy Metro, Inc.</name>
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        <name>Prologis LP</name>
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        <name>Global Payments, Inc.</name>
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        <name>American Tower Corp.</name>
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        <name>Hershey Co. (The)</name>
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        <name>Extra Space Storage LP</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>eBay, Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay, Inc.</title>
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        <name>Nucor Corp.</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
        <title>Nucor Corp.</title>
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        <name>Duke Energy Ohio, Inc.</name>
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        <name>Southern California Edison Co.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Duke Energy Florida LLC</name>
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      <invstOrSec>
        <name>Exelon Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Electric &amp; Power Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
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        <name>Rio Tinto Finance USA plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ecolab, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verizon Communications, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-15</maturityDt>
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        <name>Evergy Kansas Central, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Extra Space Storage LP</name>
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        <title>Extra Space Storage LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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          <annualizedRt>5.40000000</annualizedRt>
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        <name>Selective Insurance Group, Inc.</name>
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          <maturityDt>2035-04-15</maturityDt>
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        <name>El Paso Electric Co.</name>
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        <title>El Paso Electric Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
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        <name>3M Co.</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>Baxter International, Inc.</name>
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        <name>CSX Corp.</name>
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        <title>CSX Corp.</title>
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        <name>Leland Stanford Junior University (The)</name>
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        <name>American Homes 4 Rent LP</name>
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        <name>Public Service Electric &amp; Gas Co.</name>
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        <name>Trustees of Columbia University in the City of New York (The)</name>
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        <name>TR Finance LLC</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Biogen, Inc.</name>
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        <name>Apple, Inc.</name>
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        <name>NiSource, Inc.</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Expedia Group, Inc.</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>VICI Properties LP</name>
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        <name>Viper Energy Partners LLC</name>
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        <name>McKesson Corp.</name>
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        <name>FirstEnergy Transmission LLC</name>
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        <name>FedEx Corp.</name>
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        <name>Carlyle Group, Inc. (The)</name>
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        <name>HP, Inc.</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>Atmos Energy Corp.</name>
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        <name>Deere &amp; Co.</name>
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        <name>Duke Energy Indiana LLC</name>
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        <name>Public Service Co. of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
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        <name>Philip Morris International, Inc.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Phillips Edison Grocery Center Operating Partnership I LP</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Virginia Electric &amp; Power Co.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Loews Corp.</name>
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        <name>Southern Copper Corp.</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp.</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Pacific Gas &amp; Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas &amp; Electric Co.</title>
        <cusip>694308KU0</cusip>
        <identifiers>
          <isin value="US694308KU01"/>
          <other otherDesc="Inhouse Asset ID" value="694308KU0"/>
        </identifiers>
        <balance>824000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>844670.97000000</valUSD>
        <pctVal>0.304512062824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>Newmont Corp.</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>Newmont Corp.</title>
        <cusip>651639AW6</cusip>
        <identifiers>
          <isin value="US651639AW68"/>
          <other otherDesc="Inhouse Asset ID" value="651639AW6"/>
        </identifiers>
        <balance>387000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416090.07000000</valUSD>
        <pctVal>0.150004498836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</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>Royalty Pharma plc</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>Royalty Pharma plc</title>
        <cusip>78081BAU7</cusip>
        <identifiers>
          <isin value="US78081BAU70"/>
          <other otherDesc="Inhouse Asset ID" value="78081BAU7"/>
        </identifiers>
        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>723790.49000000</valUSD>
        <pctVal>0.260933479414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</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>DR Horton, Inc.</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>DR Horton, Inc.</title>
        <cusip>23331ABU2</cusip>
        <identifiers>
          <isin value="US23331ABU25"/>
          <other otherDesc="Inhouse Asset ID" value="23331ABU2"/>
        </identifiers>
        <balance>623000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644826.50000000</valUSD>
        <pctVal>0.232466196487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</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>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
        <cusip>713448GK8</cusip>
        <identifiers>
          <isin value="US713448GK81"/>
          <other otherDesc="Inhouse Asset ID" value="713448GK8"/>
        </identifiers>
        <balance>1140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1159241.93000000</valUSD>
        <pctVal>0.417917939593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Embraer Netherlands Finance BV</name>
        <lei>724500PBR8LR26XBSP67</lei>
        <title>Embraer Netherlands Finance BV</title>
        <cusip>29082HAE2</cusip>
        <identifiers>
          <isin value="US29082HAE27"/>
          <other otherDesc="Inhouse Asset ID" value="29082HAE2"/>
        </identifiers>
        <balance>493000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>522597.70000000</valUSD>
        <pctVal>0.188401530662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.98000000</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>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456BBC4</cusip>
        <identifiers>
          <isin value="US49456BBC46"/>
          <other otherDesc="Inhouse Asset ID" value="49456BBC4"/>
        </identifiers>
        <balance>610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>645512.03000000</valUSD>
        <pctVal>0.232713336689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="612707.06400000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Diageo Investment Corp.</name>
        <lei>S4G8DPIPDVCF6CB81Z61</lei>
        <title>Diageo Investment Corp.</title>
        <cusip>25245BAE7</cusip>
        <identifiers>
          <isin value="US25245BAE74"/>
          <other otherDesc="Inhouse Asset ID" value="25245BAE7"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>589940.42000000</valUSD>
        <pctVal>0.212679233237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands, Inc.</title>
        <cusip>205887CL4</cusip>
        <identifiers>
          <isin value="US205887CL48"/>
          <other otherDesc="Inhouse Asset ID" value="205887CL4"/>
        </identifiers>
        <balance>440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>447319.03000000</valUSD>
        <pctVal>0.161262841276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="442235.79000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper, Inc.</title>
        <cusip>49271VBB5</cusip>
        <identifiers>
          <isin value="US49271VBB53"/>
          <other otherDesc="Inhouse Asset ID" value="49271VBB5"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>459570.17000000</valUSD>
        <pctVal>0.165679495862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</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>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
        <cusip>038222AK1</cusip>
        <identifiers>
          <isin value="US038222AK16"/>
          <other otherDesc="Inhouse Asset ID" value="038222AK1"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360158.10000000</valUSD>
        <pctVal>0.129840482115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="356041.95800000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ventas Realty LP</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>Ventas Realty LP</title>
        <cusip>92277GBA4</cusip>
        <identifiers>
          <isin value="US92277GBA40"/>
          <other otherDesc="Inhouse Asset ID" value="92277GBA4"/>
        </identifiers>
        <balance>467000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>465921.49000000</valUSD>
        <pctVal>0.167969208216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. (The)</title>
        <cusip>842587EA1</cusip>
        <identifiers>
          <isin value="US842587EA18"/>
          <other otherDesc="Inhouse Asset ID" value="842587EA1"/>
        </identifiers>
        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>621331.97000000</valUSD>
        <pctVal>0.223996190946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</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>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
        <cusip>00724PAK5</cusip>
        <identifiers>
          <isin value="US00724PAK57"/>
          <other otherDesc="Inhouse Asset ID" value="00724PAK5"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340799.05000000</valUSD>
        <pctVal>0.122861357155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="163583.47200000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
