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        <name>Host Hotels &amp; Resorts, Inc.</name>
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        <name>Acushnet Holdings Corp.</name>
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        <name>Oracle Corp.</name>
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        <name>COPT Defense Properties LP</name>
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        <name>Wintrust Financial Corp.</name>
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      <invstOrSec>
        <name>RLI Corp.</name>
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        <name>Thailand Baht</name>
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        <name>JBS NV</name>
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        <name>nCino, Inc.</name>
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        <name>DTE Energy Co.</name>
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        <name>GM Financial Automobile Leasing Trust</name>
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        <name>First Advantage Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>Pool Corp.</name>
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        <name>Euronext NV</name>
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        <name>N/A</name>
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        <name>Norwegian Krone</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Vulcan Materials Co.</name>
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        <name>Extra Space Storage LP</name>
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        <name>Alphabet, Inc.</name>
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        <name>N/A</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>Novonesis Novozymes B</name>
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        <name>ABN AMRO Bank NV</name>
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        <name>Walmart, Inc.</name>
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        <name>CME Group, Inc.</name>
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        <name>Interactive Brokers Group, Inc.</name>
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        <name>Evonik Industries AG</name>
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        <name>N/A</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>FNMA</name>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <name>uniQure NV</name>
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        <name>N/A</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc.</title>
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        <name>Canadian Natural Resources Ltd.</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>Canadian Natural Resources Ltd.</title>
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        <name>Landstar System, Inc.</name>
        <lei>254900CUQXQRL09MEI52</lei>
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        <name>Loews Corp.</name>
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        <name>AMETEK, Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Chubb Ltd.</name>
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        <name>Warner Music Group Corp.</name>
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        <name>Muenchener Rueckversicherungs-Gesellschaft AG</name>
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        <name>Balchem Corp.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>GM Financial Consumer Automobile Receivables Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Doximity, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ING Groep NV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shell Finance US, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RWE AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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          <isin value="US68389XCP87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-06</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="49590643"/>
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        <name>Mid-America Apartment Communities, Inc.</name>
        <lei>549300FQZKFR5YNSHZ21</lei>
        <title>Mid-America Apartment Communities, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810RD2</cusip>
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        <balance>400000.00000000</balance>
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          <maturityDt>2043-11-15</maturityDt>
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      <invstOrSec>
        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <title>BJ's Wholesale Club Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <title>Taiwan Semiconductor Manufacturing Co. Ltd.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RPM International, Inc.</name>
        <lei>549300TJCKW4BRXPJ474</lei>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="49591452"/>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140NMGY7</cusip>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd.</title>
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        <invCountry>AU</invCountry>
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          <maturityDt>2032-06-23</maturityDt>
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        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp.</title>
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        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128284N7</cusip>
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          <isin value="US9128284N73"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TechnipFMC plc</name>
        <lei>549300D5I93QWCJTCK36</lei>
        <title>TechnipFMC plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BDSFG982"/>
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        <balance>3743.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258753.59000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Manulife Financial Corp.</name>
        <lei>5493007GBX87QOZACS27</lei>
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        <name>Stryker Corp.</name>
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        <name>Kitron ASA</name>
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        <name>Roche Holding AG</name>
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        <name>Snowflake, Inc.</name>
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        <name>Saia, Inc.</name>
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        <name>SBA Communications Corp.</name>
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        <name>N/A</name>
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        <name>Next plc</name>
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        <name>ABIOMED, Inc.</name>
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        <name>N/A</name>
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        <name>XCMG Construction Machinery Co. Ltd.</name>
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        <name>GSK plc</name>
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        <name>Healthpeak OP LLC</name>
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        <name>Mettler-Toledo International, Inc.</name>
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        <name>Apple, Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc.</title>
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        <name>Cactus, Inc.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Freshpet, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>British American Tobacco plc</name>
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        <name>BPCE SA</name>
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        <name>United States of America</name>
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        <name>DoorDash, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Credit Acceptance Auto Loan Trust</name>
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        <name>FNMA</name>
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        <name>Toyota Motor Credit Corp.</name>
        <lei>Z2VZBHUMB7PWWJ63I008</lei>
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        <name>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
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        <name>CarMax Auto Owner Trust</name>
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        <name>FNMA</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Sonoco Products Co.</name>
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        <name>Oncor Electric Delivery Co. LLC</name>
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        <name>N/A</name>
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        <name>Deutsche Boerse AG</name>
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        <name>N/A</name>
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        <name>Danish Krone</name>
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        <invCountry>DK</invCountry>
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        <name>Compass Group plc</name>
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        <name>Capital One Financial Corp.</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
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        <name>SM Energy Co.</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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        <name>New Zealand Dollar</name>
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        <name>N/A</name>
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        <name>Spotify Technology SA</name>
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        <name>MGIC Investment Corp.</name>
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        <name>Bank of Ireland Group plc</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Mastercard, Inc.</name>
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        <name>Barclays plc</name>
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        <name>Cranswick plc</name>
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        <name>American Homes 4 Rent</name>
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        <name>FNMA</name>
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        <name>Indra Sistemas SA</name>
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        <name>Amazon.com, Inc.</name>
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        <name>EastGroup Properties, Inc.</name>
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        <name>Regions Financial Corp.</name>
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        <name>Hillman Solutions Corp.</name>
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        <name>Turkish Lira</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Cheniere Energy Partners LP</name>
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        <name>Cushman &amp; Wakefield Ltd.</name>
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        <name>N/A</name>
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        <name>Ford Credit Auto Owner Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Fabrinet</name>
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        <name>New Mexican Pesos</name>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>RTX Corp.</name>
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        <name>Prudential plc</name>
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        <name>Concentra Group Holdings Parent, Inc.</name>
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        <name>FHLMC</name>
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        <name>Progressive Corp. (The)</name>
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        <name>ASML Holding NV</name>
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        <name>Nexstar Media Group, Inc.</name>
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        <name>Paylocity Holding Corp.</name>
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        <name>Bayer AG</name>
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        <name>Deutsche Bank AG</name>
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        <name>Reach ABS Trust</name>
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        <name>World Omni Auto Receivables Trust</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>St. James's Place plc</name>
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        <name>Casella Waste Systems, Inc.</name>
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        <name>MVW LLC</name>
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      <invstOrSec>
        <name>OneMain Direct Auto Receivables Trust</name>
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        <name>American Credit Acceptance Receivables Trust</name>
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        <name>VAT Group AG</name>
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      <invstOrSec>
        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810SR05"/>
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        <name>Power Integrations, Inc.</name>
        <lei>54930085LGXSCIHD5W31</lei>
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        <name>BNP Paribas SA</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>HealthEquity, Inc.</name>
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        <title>HealthEquity, Inc.</title>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Legence Corp.</name>
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        <name>Telstra Group Ltd.</name>
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        <name>United States of America</name>
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        <name>Trane Technologies plc</name>
        <lei>549300BURLR9SLYY2705</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury STRIPS Bonds</title>
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        <name>FHLMC</name>
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        <name>FNMA</name>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>Banco Santander SA</name>
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        <name>Travelers Cos., Inc. (The)</name>
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        <name>Verra Mobility Corp.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Chipotle Mexican Grill, Inc.</name>
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        <name>Novo Nordisk A/S</name>
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        <name>Air Liquide SA</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Regency Centers Corp.</name>
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        <name>Carvana Co.</name>
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        <name>United States of America</name>
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        <name>Maple Parent Holdings Corp.</name>
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        <name>Reckitt Benckiser Group plc</name>
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        <name>Plains All American Pipeline LP</name>
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        <name>FNMA</name>
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        <name>N/A</name>
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        <name>Deere &amp; Co.</name>
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        <name>MarketAxess Holdings, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>N/A</name>
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        <name>Ventas, Inc.</name>
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        <name>Perimeter Solutions, Inc.</name>
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        <name>JPMorgan Income Fund</name>
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        <name>N/A</name>
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        <name>Cie Financiere Richemont SA</name>
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        <name>N/A</name>
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        <name>Lincoln Electric Holdings, Inc.</name>
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        <name>N/A</name>
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        <name>Loar Holdings, Inc.</name>
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        <name>3i Group plc</name>
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        <name>Drive Auto Receivables Trust</name>
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        <name>Swiss Franc</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Warby Parker, Inc.</name>
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        <name>DT Auto Owner Trust</name>
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        <name>Cheniere Energy, Inc.</name>
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        <name>Simpson Manufacturing Co., Inc.</name>
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        <name>Huntington Bancshares, Inc.</name>
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        <name>Morgan Stanley</name>
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        <name>Nissan Auto Lease Trust</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="49587237"/>
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        <name>FNMA</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CJJ18"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Moran Foods LLC</name>
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        <name>Tencent Holdings Ltd.</name>
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        <name>Intact Financial Corp.</name>
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        <name>Take-Two Interactive Software, Inc.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Canadian Dollar</name>
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        <name>Hyundai Auto Receivables Trust</name>
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        <name>N/A</name>
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        <name>Societe Generale SA</name>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc.</title>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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      <invstOrSec>
        <name>Andersen Group, Inc.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Sumitomo Electric Industries Ltd.</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>NiSource, Inc.</name>
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        <title>NiSource, Inc.</title>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Virginia Power Fuel Securitization LLC</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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          <isin value="DE000F2Y2EY1"/>
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        <name>JPMorgan Active Value ETF</name>
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        <title>JPMorgan Active Value ETF</title>
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        <name>Appalachian Power Co.</name>
        <lei>3SCHO1ABYYIG382BEI70</lei>
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        <name>GNMA</name>
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        <title>GNMA II, 30 Year</title>
        <cusip>36179XBR6</cusip>
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        <name>Cooperatieve Rabobank UA</name>
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        <title>Cooperatieve Rabobank UA</title>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
        <cusip>30303M102</cusip>
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        <name>Five Below, Inc.</name>
        <lei>529900AAXP5Z6BGI7418</lei>
        <title>Five Below, Inc.</title>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <name>Medtronic plc</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize NV</title>
        <cusip>N/A</cusip>
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        <name>Capital One Financial Corp.</name>
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        <name>Carrier Global Corp.</name>
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        <name>elf Beauty, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>CarMax Auto Owner Trust</name>
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        <name>Yum China Holdings, Inc.</name>
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        <name>SFS Auto Receivables Securitization Trust</name>
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        <name>ASML Holding NV</name>
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        <name>Aon plc</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Figure Technology Solutions, Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Sage Group plc (The)</name>
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        <name>N/A</name>
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        <name>Societe Generale SA</name>
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        <name>N/A</name>
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        <name>Energy Transfer LP</name>
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        <name>N/A</name>
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        <name>UBS Group AG</name>
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        <name>Chemed Corp.</name>
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        <name>DBS Group Holdings Ltd.</name>
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        <name>Al Rajhi Bank</name>
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        <name>Janus International Group, Inc.</name>
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        <name>ITOCHU Corp.</name>
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        <name>N/A</name>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Arch Capital Group Ltd.</name>
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        <name>GoDaddy, Inc.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Hyundai Capital America</name>
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        <name>SpringCastle America Funding LLC</name>
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        <name>N/A</name>
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        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges &amp; Clearing Ltd.</title>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>XAK Technology Equity Index</title>
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          <other otherDesc="Inhouse Sedol" value="IXTM6ID"/>
          <other otherDesc="Future Ticker" value="IXTM6 Index"/>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
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      <invstOrSec>
        <name>Hong Kong Dollar</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <name>Bridgecrest Lending Auto Securitization Trust</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="49590093"/>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="49586760"/>
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      <invstOrSec>
        <name>Israeli Shekel</name>
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        <title>Israeli Shekel</title>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Devon Energy Corp.</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp.</title>
        <cusip>25179MBH5</cusip>
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          <isin value="US25179MBH51"/>
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        <balance>73000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
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          <isin value="US3635761097"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC UMBS, 30 Year</title>
        <cusip>3133AMS98</cusip>
        <identifiers>
          <isin value="US3133AMS982"/>
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        <balance>262207.39000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233083.57000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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        <assetCat>EC</assetCat>
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        <name>DT Auto Owner Trust</name>
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          <isin value="US23346KAE01"/>
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        <name>N/A</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Utz Brands, Inc.</name>
        <lei>5299009BHBU2NH5HRN16</lei>
        <title>Utz Brands, Inc.</title>
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        <name>JPMorgan Prime Money Market Fund</name>
        <lei>549300YD7H8SEEU7VG41</lei>
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        <name>Brixmor Operating Partnership LP</name>
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        <title>Brixmor Operating Partnership LP</title>
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        <name>SBM Offshore NV</name>
        <lei>549300RDGCRYZ5QE6513</lei>
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        <invCountry>NL</invCountry>
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        <name>WSP Global, Inc.</name>
        <lei>549300IQ87LU6X6ERQ78</lei>
        <title>WSP Global, Inc.</title>
        <cusip>92938W202</cusip>
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        <balance>2566.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Global Payments, Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments, Inc.</title>
        <cusip>37940XAD4</cusip>
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        <name>Nasdaq, Inc.</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>N/A</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="49590641"/>
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        <name>Nordex SE</name>
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        <name>Expedia Group, Inc.</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>GMK Norilskiy Nickel PAO</name>
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        <name>PepsiCo, Inc.</name>
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        <name>N/A</name>
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        <balance>1.00000000</balance>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Fifth Third Bancorp</name>
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        <name>AptarGroup, Inc.</name>
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        <name>Asics Corp.</name>
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        <name>Galderma Group AG</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>NatWest Group plc</name>
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        <name>Royal Bank of Canada</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>N/A</name>
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        <name>Cigna Group (The)</name>
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        <name>JPMorgan BetaBuilders Japan ETF</name>
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        <name>ServisFirst Bancshares, Inc.</name>
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        <name>Czech Repub. Kronas</name>
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        <name>StepStone Group, Inc.</name>
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        <name>MASTR Alternative Loan Trust</name>
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        <name>JB Hunt Transport Services, Inc.</name>
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        <name>Truist Financial Corp.</name>
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        <name>NNN REIT, Inc.</name>
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        <name>MSA Safety, Inc.</name>
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      <invstOrSec>
        <name>ITC Holdings Corp.</name>
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        <name>Deutsche Bank AG</name>
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        <name>Evercore, Inc.</name>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>Penske Truck Leasing Co. LP</name>
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        <name>N/A</name>
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        <name>Ciena Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Alliance Laundry Holdings, Inc.</name>
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        <name>Veros Auto Receivables Trust</name>
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      <invstOrSec>
        <name>Drive Auto Receivables Trust</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>WSFS Financial Corp.</name>
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        <name>N/A</name>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <name>United States of America</name>
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        <name>Itausa SA</name>
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        <name>Interstate Power and Light Co.</name>
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        <name>Henry Schein, Inc.</name>
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        <name>Allegro MicroSystems, Inc.</name>
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        <name>N/A</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>Chevron Corp.</name>
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        <name>Cigna Group (The)</name>
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        <name>Progress Residential Trust</name>
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        <name>Ameren Corp.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Southern California Edison Co.</name>
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        <name>CPS Auto Receivables Trust</name>
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        <name>Twilio, Inc.</name>
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        <name>ConocoPhillips</name>
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        <name>Core &amp; Main, Inc.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Gazprom PJSC</name>
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        <name>Cullen/Frost Bankers, Inc.</name>
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        <name>Shell plc</name>
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        <name>Somnigroup International, Inc.</name>
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        <name>FNMA</name>
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        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <name>N/A</name>
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        <name>Duke Energy Corp.</name>
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        <name>Edwards Lifesciences Corp.</name>
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        <name>FHLMC Seasoned Credit Risk Transfer Trust</name>
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        <name>Cencora, Inc.</name>
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        <name>HDFC Bank Ltd.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Conagra Brands, Inc.</name>
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        <name>FNMA</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>AppLovin Corp.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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      <invstOrSec>
        <name>World Omni Automobile Lease Securitization Trust</name>
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        <name>FNMA</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Commerce Bancshares, Inc.</name>
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        <name>N/A</name>
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        <name>Standard Chartered plc</name>
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        <name>Oracle Corp.</name>
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        <name>Forgent Power Solutions, Inc.</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Boeing Co. (The)</name>
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        <name>United States of America</name>
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        <name>Obayashi Corp.</name>
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        <name>Siemens AG</name>
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        <name>FHLMC</name>
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        <name>American Credit Acceptance Receivables Trust</name>
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        <name>Credit Agricole SA</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>N/A</name>
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        <name>Humana, Inc.</name>
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        <name>Progress Residential Trust</name>
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        <name>Medtronic plc</name>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <name>Microsoft Corp.</name>
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      <invstOrSec>
        <name>Comfort Systems USA, Inc.</name>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>N/A</name>
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>Bel Fuse, Inc.</name>
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      <invstOrSec>
        <name>Enbridge, Inc.</name>
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      <invstOrSec>
        <name>Eversource Energy</name>
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          <isin value="US30040WAQ15"/>
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          <maturityDt>2027-03-01</maturityDt>
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      <invstOrSec>
        <name>Modine Manufacturing Co.</name>
        <lei>Z35SZFYJR8GZZRSIUU09</lei>
        <title>Modine Manufacturing Co.</title>
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          <isin value="US6078281002"/>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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          <isin value="US0605051046"/>
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      <invstOrSec>
        <name>Xometry, Inc.</name>
        <lei>5493006JFRGU7YRRXE44</lei>
        <title>Xometry, Inc., Class A</title>
        <cusip>98423F109</cusip>
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          <isin value="US98423F1093"/>
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        <balance>1618.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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              <counterpartyName>Barclays Bank</counterpartyName>
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        <name>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage</title>
        <cusip>74460D109</cusip>
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          <isin value="US74460D1090"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <curCd>N/A</curCd>
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              <counterpartyName>Barclays Bank</counterpartyName>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
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          <isin value="US89788MAQ50"/>
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        <balance>40000.00000000</balance>
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        <name>Prologis, Inc.</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis, Inc.</title>
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        <name>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc</title>
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        <balance>20902.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CFF32"/>
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        <balance>400000.00000000</balance>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc., Class B</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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      <invstOrSec>
        <name>Badger Meter, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryman Hospitality Properties, Inc.</name>
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      <invstOrSec>
        <name>Labcorp Holdings, Inc.</name>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US912810QZ49"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Safran SA</name>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="XMM6COS"/>
          <other otherDesc="Future Ticker" value="XMM6 Comdty"/>
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        <name>TransUnion</name>
        <lei>549300ZS772LUNUMRB03</lei>
        <title>TransUnion</title>
        <cusip>89400J107</cusip>
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          <isin value="US89400J1079"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Murphy USA, Inc.</name>
        <lei>549300Y081F8XIKQIO72</lei>
        <title>Murphy USA, Inc.</title>
        <cusip>626755102</cusip>
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          <isin value="US6267551025"/>
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        <balance>261.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128926.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Multi-Family Structured Pass-Through Certificates, Series KJ44, Class A2</title>
        <cusip>3137H9QU6</cusip>
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          <isin value="US3137H9QU61"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502509.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5 Year Note</title>
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          <other otherDesc="Inhouse Sedol" value="FVM6COS"/>
          <other otherDesc="Future Ticker" value="FVM6 Comdty"/>
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>United States of America</issuerName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="49589093"/>
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        <curCd>N/A</curCd>
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        <name>N/A</name>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>CDW Corp.</name>
        <lei>9845001B052ABF0B6755</lei>
        <title>CDW Corp.</title>
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          <isin value="US12514G1085"/>
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        <name>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>Emerson Electric Co.</title>
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        <name>DigitalOcean Holdings, Inc.</name>
        <lei>549300EPISPY3RE3DL21</lei>
        <title>DigitalOcean Holdings, Inc.</title>
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        <name>First Horizon Corp.</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon Corp.</title>
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        <name>Rayonier, Inc.</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
        <title>Rayonier, Inc.</title>
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        <name>Volvo AB</name>
        <lei>549300HGV012CNC8JD22</lei>
        <title>Volvo AB, Class B</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="49590079"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
        <cusip>032095BB6</cusip>
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          <isin value="US032095BB62"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112693.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercedes-Benz Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>Mercedes-Benz Auto Receivables Trust, Series 2023-1, Class A3</title>
        <cusip>58770AAC7</cusip>
        <identifiers>
          <isin value="US58770AAC71"/>
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        <balance>14438.17000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14449.68000000</valUSD>
        <pctVal>0.003024411774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.51000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd.</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
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        <balance>57400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>0.133493631086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>3M Co.</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
        <title>3M Co.</title>
        <cusip>88579Y101</cusip>
        <identifiers>
          <isin value="US88579Y1010"/>
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        <balance>4540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659344.20000000</valUSD>
        <pctVal>0.138005018944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co. LP</title>
        <cusip>709599BN3</cusip>
        <identifiers>
          <isin value="US709599BN39"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209294.47000000</valUSD>
        <pctVal>0.043806690492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Carlsberg A/S</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>Carlsberg A/S, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
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        <balance>2733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
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        <pctVal>0.071066357260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="49590141"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-12474.48000000</valUSD>
        <pctVal>-0.00261098959</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
              <counterpartyLei>MBNUM2BPBDO7JBLYG310</counterpartyLei>
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            <amtCurSold>5602267.54000000</amtCurSold>
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            <unrealizedAppr>-12474.48000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ITT, Inc.</name>
        <lei>549300KDSERHTJOXUS80</lei>
        <title>ITT, Inc.</title>
        <cusip>45073V108</cusip>
        <identifiers>
          <isin value="US45073V1089"/>
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        <balance>1583.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301608.99000000</valUSD>
        <pctVal>0.063128718473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Consumer Automobile Receivables Trust</name>
        <lei>N/A</lei>
        <title>GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A3</title>
        <cusip>36267KAD9</cusip>
        <identifiers>
          <isin value="US36267KAD90"/>
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        <balance>26830.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26964.10000000</valUSD>
        <pctVal>0.005643761075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="49586226"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>774.08000000</valUSD>
        <pctVal>0.000162019966</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC Bank</counterpartyName>
              <counterpartyLei>MP6I5ZYZBEU3UXPYFY54</counterpartyLei>
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            <amtCurSold>124919.46000000</amtCurSold>
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            <amtCurPur>13989.54000000</amtCurPur>
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            <settlementDt>2026-04-29</settlementDt>
            <unrealizedAppr>774.08000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co.</title>
        <cusip>42824CBV0</cusip>
        <identifiers>
          <isin value="US42824CBV00"/>
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        <balance>6000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5807.92000000</valUSD>
        <pctVal>0.001215635338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
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        <balance>51535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>1660841.96000000</valUSD>
        <pctVal>0.347624997921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Large Cap Value Fund</name>
        <lei>549300JPSGHFE3RK0F55</lei>
        <title>JPMorgan Large Cap Value Fund, Class R6</title>
        <cusip>48121L833</cusip>
        <identifiers>
          <isin value="US48121L8330"/>
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        <balance>458764.76500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9615709.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MercadoLibre, Inc.</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre, Inc.</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>191.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>330242.82000000</valUSD>
        <pctVal>0.069121964871</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>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CNF4</cusip>
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          <isin value="US91282CNF40"/>
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        <balance>645000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646688.09000000</valUSD>
        <pctVal>0.135356013007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brazilian Real</name>
        <lei>N/A</lei>
        <title>Brazilian Real</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="BRL"/>
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        <balance>-0.01000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
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        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DCB9</cusip>
        <identifiers>
          <isin value="US05526DCB91"/>
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        <balance>146000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149813.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Neptune Insurance Holdings, Inc.</name>
        <lei>529900I3QTHC0Q1C2D65</lei>
        <title>Neptune Insurance Holdings, Inc., Class A</title>
        <cusip>64073B103</cusip>
        <identifiers>
          <isin value="US64073B1035"/>
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        <balance>4125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99783.75000000</valUSD>
        <pctVal>0.020885386281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nestle SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle SA (Registered)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
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        <balance>10601.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>1039863.26000000</valUSD>
        <pctVal>0.217650127045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regency Centers LP</name>
        <lei>5493008PTR2GAOYBXW28</lei>
        <title>Regency Centers LP</title>
        <cusip>75884RAV5</cusip>
        <identifiers>
          <isin value="US75884RAV50"/>
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        <balance>283000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281433.60000000</valUSD>
        <pctVal>0.058905878446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>Carvana Auto Receivables Trust</name>
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        <name>Coca-Cola HBC AG</name>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Unipol Assicurazioni SpA</name>
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        <name>Gaztransport Et Technigaz SA</name>
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        <name>FNMA</name>
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        <name>Lendmark Funding Trust</name>
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        <name>Marvell Technology, Inc.</name>
        <lei>254900WVU0BM7ZCJ9E93</lei>
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        <name>ON Semiconductor Corp.</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON Semiconductor Corp.</title>
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        <name>Ally Auto Receivables Trust</name>
        <lei>N/A</lei>
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        <name>Union Pacific Corp.</name>
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        <name>N/A</name>
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        <name>Shopify, Inc.</name>
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        <name>Boston Scientific Corp.</name>
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        <name>Western Digital Corp.</name>
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        <name>Kenvue, Inc.</name>
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        <name>Baker Hughes Co.</name>
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        <title>Baker Hughes Co., Class A</title>
        <cusip>05722G100</cusip>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
        <title>Regeneron Pharmaceuticals, Inc.</title>
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        <name>Booking Holdings, Inc.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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      <invstOrSec>
        <name>United Rentals, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>Heineken NV</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="49586130"/>
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        <curCd>N/A</curCd>
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              <counterpartyName>HSBC Bank</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Danieli &amp; C Officine Meccaniche SpA</name>
        <lei>815600B4B8C6A353E566</lei>
        <title>Danieli &amp; C Officine Meccaniche SpA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0000076486"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Russian Roubles</name>
        <lei>N/A</lei>
        <title>Russian Roubles</title>
        <cusip>N/A</cusip>
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        <balance>0.02000000</balance>
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        <assetCat>STIV</assetCat>
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        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Karman Holdings, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Friedrich Vorwerk Group SE</name>
        <lei>529900NBM89YAM5ENI18</lei>
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        <name>Shake Shack, Inc.</name>
        <lei>529900J74GJAHYP80N79</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>DOC DR LLC</name>
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        <name>FHLMC</name>
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        <name>GMK Norilskiy Nickel PAO</name>
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        <name>GLS Auto Receivables Issuer Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Honda Auto Receivables Owner Trust</name>
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        <name>N/A</name>
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        <name>AutoZone, Inc.</name>
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        <name>Cigna Group (The)</name>
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        <name>Deutsche Telekom AG</name>
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        <name>Carmax Auto Owner Trust</name>
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        <name>First Interstate BancSystem, Inc.</name>
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        <name>FedEx Corp.</name>
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        <name>Zimmer Biomet Holdings, Inc.</name>
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        <name>First Financial Bancorp</name>
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        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
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        <name>Dover Corp.</name>
        <lei>549300FMC2ALGA7N9E80</lei>
        <title>Dover Corp.</title>
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        <name>FNMA</name>
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        <name>PG&amp;E Energy Recovery Funding LLC</name>
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        <name>N/A</name>
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        <name>Sierra Timeshare Receivables Funding LLC</name>
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        <name>N/A</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Wealthfront Corp.</name>
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        <name>United States of America</name>
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        <name>ONEOK, Inc.</name>
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        <name>Severstal PAO</name>
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        <name>Keyence Corp.</name>
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        <name>McDonald's Corp.</name>
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        <name>United States of America</name>
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        <name>Kubota Credit Owner Trust</name>
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        <name>Credit Acceptance Auto Loan Trust</name>
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        <name>Kontoor Brands, Inc.</name>
        <lei>549300M0CPXV65RFF271</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kinder Morgan, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chefs' Warehouse, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Magnitogorsk Iron &amp; Steel Works PJSC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Portland General Electric Co.</name>
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        <name>UBS Group AG</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Quaker Chemical Corp.</name>
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        <name>DT Midstream, Inc.</name>
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        <name>Zijin Mining Group Co. Ltd.</name>
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        <name>Polish Zloty - New</name>
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        <name>United States of America</name>
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        <name>Oracle Corp.</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>BNP Paribas SA</name>
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        <name>United States of America</name>
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        <name>Capgemini SE</name>
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        <name>FNMA</name>
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        <name>Entergy Corp.</name>
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        <name>ConocoPhillips Co.</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>ConocoPhillips Co.</title>
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      <invstOrSec>
        <name>Moran Foods Backstop Equity</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Liberty Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SLG Office Trust</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FHLMC</name>
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          <isin value="US3137H5HE09"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Woodward, Inc.</name>
        <lei>YPYKXXTR8TFDH54ZMB45</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Other</title>
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        <balance>500000.00000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>First Hawaiian, Inc.</name>
        <lei>5493002DJSH46F5OLV06</lei>
        <title>First Hawaiian, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E Recovery Funding LLC</name>
        <lei>N/A</lei>
        <title>PG&amp;E Recovery Funding LLC, Series A-3</title>
        <cusip>71710TAF5</cusip>
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          <isin value="US71710TAF57"/>
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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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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA UMBS, 30 Year</title>
        <cusip>3140M3AF7</cusip>
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          <isin value="US3140M3AF76"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>Philippines</name>
        <lei>N/A</lei>
        <title>Philippines</title>
        <cusip>N/A</cusip>
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        <name>Continental AG</name>
        <lei>529900A7YD9C0LLXM621</lei>
        <title>Continental AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE0005439004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="49585086"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>EURO</name>
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        <name>Duke Energy Indiana LLC</name>
        <lei>6URPHM2EAWGJ2C6ISB97</lei>
        <title>Duke Energy Indiana LLC</title>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>British Pound</name>
        <lei>N/A</lei>
        <title>British Pound</title>
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        <balance>795.38000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027X100</cusip>
        <identifiers>
          <isin value="US03027X1000"/>
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        <balance>2772.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478391.76000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UniCredit SpA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA</title>
        <cusip>904678AY5</cusip>
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          <isin value="US904678AY53"/>
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        <balance>217000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199380.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-03</maturityDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>M&amp;T Bank Corp.</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp.</title>
        <cusip>55261F104</cusip>
        <identifiers>
          <isin value="US55261F1049"/>
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        <balance>1144.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236487.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Platforms, Inc.</name>
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        <name>Lowe's Cos., Inc.</name>
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      <invstOrSec>
        <name>Exeter Automobile Receivables Trust</name>
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        <name>NatWest Group plc</name>
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        <name>Burlington Stores, Inc.</name>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>Exeter Automobile Receivables Trust</name>
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        <name>N/A</name>
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        <name>Flowco Holdings, Inc.</name>
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        <name>SSE plc</name>
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        <name>SCE Recovery Funding LLC</name>
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        <name>AbbVie, Inc.</name>
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        <name>PHH Mortgage Trust</name>
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        <name>Rolls-Royce Holdings plc</name>
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        <name>Duquesne Light Holdings, Inc.</name>
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        <name>Fidelity National Information Services, Inc.</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
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        <name>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>Garmin Ltd.</title>
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        <name>Games Workshop Group plc</name>
        <lei>213800RP9QJQYGWHNT41</lei>
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        <name>Saudi Arabian Ryal</name>
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        <name>FHLMC Pool</name>
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        <name>American Tower Corp.</name>
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        <name>JPMorgan Core Bond Fund</name>
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        <name>Cloudflare, Inc.</name>
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        <name>BankUnited, Inc.</name>
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        <name>Applied Industrial Technologies, Inc.</name>
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        <name>Mitie Group plc</name>
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        <name>Equinix, Inc.</name>
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        <name>FNMA</name>
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        <name>Santander Drive Auto Receivables Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Best Buy Co., Inc.</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="CNY is confirmed. CNY is an abbreviation for Chinese Yuan for when traded is on-shore markets." noteItem="C.2.b"/>




      <explntrNote note="CNY is confirmed. CNY is an abbreviation for Chinese Yuan for when traded is on-shore markets." noteItem="C.11.e.ii"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust I</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
