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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Caterpillar Inc</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar Inc COM</title>
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      <invstOrSec>
        <name>Spectrum Brands Holdings Inc.</name>
        <lei>549300JM0MJETDD30O20</lei>
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      <invstOrSec>
        <name>Waste Management, Inc.</name>
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      <invstOrSec>
        <name>First American Financial Corporation</name>
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      <invstOrSec>
        <name>Oracle Corp.</name>
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        <title>Oracle Corp. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Henry Schein, Inc.</name>
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        <title>Henry Schein, Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Royalty Pharma PLC</name>
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        <title>Royalty Pharma PLC COM USD0.0001 CLASS A</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Union Pacific Corporation</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corporation COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Air Products &amp; Chemicals, Inc.</name>
        <lei>7QEON6Y1RL5XR3R1W237</lei>
        <title>Air Products &amp; Chemicals, Inc. COM</title>
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          <isin value="US0091581068"/>
          <ticker value="APD"/>
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        <fairValLevel>1</fairValLevel>
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        <name>FLEX LTD</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>Flex Ltd. COM USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="SG9999000020"/>
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          <other otherDesc="SEDOL" value="2353058"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Snowflake Inc</name>
        <lei>254900CJNSY1K7T53Z16</lei>
        <title>Snowflake Inc COM SHS</title>
        <cusip>833445109</cusip>
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          <ticker value="SNOW"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Dana Inc.</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>Dana Inc. COM</title>
        <cusip>235825205</cusip>
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        <name>Infineon Technologies AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>Infineon Technologies AG ORD NPV (REGD)</title>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>Xylem, Inc.</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>Xylem, Inc. COM</title>
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        <name>NN Group N.V.</name>
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        <title>NN Group N.V. EUR0.12</title>
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      <invstOrSec>
        <name>Ally Financial Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial Inc. COM</title>
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        <name>Alphabet Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc. CAP STK CL A</title>
        <cusip>02079K305</cusip>
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        <name>CNH INDUSTRIAL NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH Industrial N.V. COM EUR0.01</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <name>Merck &amp; Co., Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc COM</title>
        <cusip>58933Y105</cusip>
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          <isin value="US58933Y1055"/>
          <ticker value="MRK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Kimberly-Clark Corporation</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
        <title>Kimberly-Clark Corporation COM</title>
        <cusip>494368103</cusip>
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          <isin value="US4943681035"/>
          <ticker value="KMB"/>
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        <curCd>USD</curCd>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHAMPION HOMES INC</name>
        <lei>N/A</lei>
        <title>Champion Homes Inc. COM</title>
        <cusip>830830105</cusip>
        <identifiers>
          <isin value="US8308301055"/>
          <ticker value="SKY"/>
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        <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>Lam Research Corporation</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corporation COM NEW</title>
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        <name>State Street Corp.</name>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <name>Atlas Copco AB</name>
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        <name>Atlanta Braves Holdings Inc</name>
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      <invstOrSec>
        <name>Barclays PLC</name>
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        <name>Trustco Bank Corp NY</name>
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        <name>United States Treasury Bills</name>
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        <name>United States Treasury Bills</name>
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        <name>Broadcom Inc</name>
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        <title>Broadcom Inc COM</title>
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        <name>Ecolab Inc.</name>
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        <name>Daiwa Securities Group Inc.</name>
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        <name>Arcosa Inc</name>
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        <name>Medline Inc.</name>
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        <name>Lowes Companies, Inc.</name>
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        <name>MADISON SQUARE GARDEN SPORTS CORP</name>
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        <title>Madison Square Garden Sports Corp. CL A</title>
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        <name>Otis Worldwide Corp.</name>
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        <name>Commerzbank AG</name>
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        <name>ING Groep N.V.</name>
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        <title>ING Groep N.V. SPONSORED ADR</title>
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        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange Inc COM</title>
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        <name>AEGON LTD</name>
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        <name>AXIS Capital Holdings Limited</name>
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        <name>ABB Ltd.</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB Ltd. SPONSORED ADR</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp. COM</title>
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          <isin value="US4592001014"/>
          <ticker value="IBM"/>
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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>First Citizens BancShares Inc (Delaware)</name>
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        <title>First Citizens BancShares Inc (Delaware) CL A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chubb Ltd. Switzerland</name>
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          <isin value="CH0044328745"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Prologis Inc.</name>
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        <title>Prologis Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Campbells Co.</name>
        <lei>5493007JDSMX8Z5Z1902</lei>
        <title>The Campbells Co. COM</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Canfor Corp.</name>
        <lei>549300DRE7WBHY02BD70</lei>
        <title>Canfor Corp. COM NPV</title>
        <cusip>137576104</cusip>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings Inc COM</title>
        <cusip>42704L104</cusip>
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          <ticker value="HRI"/>
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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>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp. COM</title>
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          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
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        <curCd>USD</curCd>
        <valUSD>130800.00000000</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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      <invstOrSec>
        <name>Webster Financial Corp.</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp. COM</title>
        <cusip>947890109</cusip>
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          <ticker value="WBS"/>
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        <curCd>USD</curCd>
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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>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A. EUR3</title>
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          <isin value="FR0000045072"/>
          <ticker value="ACA"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC ORD GBP1.0769</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp. COM</title>
        <cusip>594918104</cusip>
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      <invstOrSec>
        <name>Federal Signal Corp.</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>Federal Signal Corp. COM</title>
        <cusip>313855108</cusip>
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          <isin value="US3138551086"/>
          <ticker value="FSS"/>
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        <name>S&amp;P Global Inc</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global Inc COM</title>
        <cusip>78409V104</cusip>
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          <ticker value="SPGI"/>
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        <valUSD>340272.00000000</valUSD>
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      <invstOrSec>
        <name>Shinhan Financial Group Co Ltd.</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>Shinhan Financial Group Co Ltd. SPN ADR RESTRD</title>
        <cusip>824596100</cusip>
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          <isin value="US8245961003"/>
          <ticker value="SHG"/>
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        <name>Walt Disney Company</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Company COM</title>
        <cusip>254687106</cusip>
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          <isin value="US2546871060"/>
          <ticker value="DIS"/>
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        <name>Resideo Technologies Inc</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>Resideo Technologies Inc COM</title>
        <cusip>76118Y104</cusip>
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          <ticker value="REZI"/>
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        <name>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep N.V. EUR0.01</title>
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        <name>Pepsico Inc</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>Pepsico Inc COM</title>
        <cusip>713448108</cusip>
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          <ticker value="PEP"/>
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      <invstOrSec>
        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>The Charles Schwab Corporation COM</title>
        <cusip>808513105</cusip>
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          <ticker value="SCHW"/>
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        <invCountry>US</invCountry>
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        <name>UL Solutions Inc.</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL Solutions Inc. CLASS A COM SHS</title>
        <cusip>903731107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd. SPON ADR NEW</title>
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        <name>Comcast Corporation</name>
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        <name>Mueller Water Products, Inc.</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>Diamond Hill Investment Group Inc.</name>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>NESTLE' CAPITAL MARKETS SA</name>
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        <name>Lennar Corp.</name>
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        <name>MasterCard Incorporated</name>
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        <name>The Cigna Group</name>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>United States Treasury Bills</name>
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        <name>Visa Inc</name>
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        <name>Solventum Corp.</name>
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        <name>Sony Group Corp.</name>
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        <name>Qnity Electronics Inc.</name>
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        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Company COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rockwell Automation, Inc.</name>
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      <invstOrSec>
        <name>Mercedes-Benz Group AG</name>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sony Financial Group Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley</name>
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      <invstOrSec>
        <name>Coca-Cola Co (The)</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
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          <ticker value="KO"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VERSANT MEDIA GROUP INC</name>
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        <title>Versant Media Group Inc. COM CL A</title>
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          <isin value="US9252831030"/>
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      <invstOrSec>
        <name>Old Republic International Corporation</name>
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        <title>Old Republic International Corporation COM</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WASTE CONNECTIONS INC</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>Waste Connections Inc. COM</title>
        <cusip>94106B101</cusip>
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          <isin value="CA94106B1013"/>
          <ticker value="WCN"/>
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        <balance>2000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>API Group Corp</name>
        <lei>213800NZT1VX6PZ7BT53</lei>
        <title>API Group Corp COM STK</title>
        <cusip>00187Y100</cusip>
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          <isin value="US00187Y1001"/>
          <ticker value="APG"/>
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        <balance>6000.00000000</balance>
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        <valUSD>243120.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Genuine Parts Co</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>Genuine Parts Co COM</title>
        <cusip>372460105</cusip>
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          <ticker value="GPC"/>
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      <invstOrSec>
        <name>BellRing Intermediate Holdings Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
        <title>BellRing Intermediate Holdings Inc. COMMON STOCK</title>
        <cusip>07831C103</cusip>
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          <ticker value="BRBR"/>
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      <invstOrSec>
        <name>Toyota Motor Corp.</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp. ADS</title>
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        <name>Weyerhaeuser Company</name>
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        <name>Janus Henderson Group PLC</name>
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        <invCountry>JE</invCountry>

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      <invstOrSec>
        <name>Apple Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple Inc. COM</title>
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      <invstOrSec>
        <name>The TJX Companies Inc.</name>
        <lei>V167QI9I69W364E2DY52</lei>
        <title>The TJX Companies Inc. COM</title>
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        <name>United States Treasury Bills</name>
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        <title>B 0 07/02/26</title>
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      <invstOrSec>
        <name>Vertex Pharmaceuticals Incorporated</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals Incorporated COM</title>
        <cusip>92532F100</cusip>
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          <isin value="US92532F1003"/>
          <ticker value="VRTX"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>FedEx Corporation</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corporation COM</title>
        <cusip>31428X106</cusip>
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          <isin value="US31428X1063"/>
          <ticker value="FDX"/>
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        <curCd>USD</curCd>
        <valUSD>83702.30000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc. COM</title>
        <cusip>920253101</cusip>
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          <isin value="US9202531011"/>
          <ticker value="VMI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Advanced Micro Devices Inc.</name>
        <lei>R2I72C950HOYXII45366</lei>
        <title>Advanced Micro Devices Inc. COM</title>
        <cusip>007903107</cusip>
        <identifiers>
          <isin value="US0079031078"/>
          <ticker value="AMD"/>
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        <balance>237.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48212.91000000</valUSD>
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        <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>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc. COM NEW</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
          <ticker value="C"/>
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        <balance>3540.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401471.40000000</valUSD>
        <pctVal>1.923414929426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLUSHING FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>Flushing Financial Corp. COM</title>
        <cusip>343873105</cusip>
        <identifiers>
          <isin value="US3438731057"/>
          <ticker value="FFIC"/>
        </identifiers>
        <balance>8067.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123909.12000000</valUSD>
        <pctVal>0.593637931120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Moelis &amp; Co.</name>
        <lei>549300891QNU7VTQUR83</lei>
        <title>Moelis &amp; Co. CL A</title>
        <cusip>60786M105</cusip>
        <identifiers>
          <isin value="US60786M1053"/>
          <ticker value="MC"/>
        </identifiers>
        <balance>2600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148200.00000000</valUSD>
        <pctVal>0.710013446888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCA Healthcare Inc</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare Inc COM</title>
        <cusip>40412C101</cusip>
        <identifiers>
          <isin value="US40412C1018"/>
          <ticker value="HCA"/>
        </identifiers>
        <balance>135.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63887.40000000</valUSD>
        <pctVal>0.306079035672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAVCO INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>Cavco Industries COM</title>
        <cusip>149568107</cusip>
        <identifiers>
          <isin value="US1495681074"/>
          <ticker value="CVCO"/>
        </identifiers>
        <balance>570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276045.30000000</valUSD>
        <pctVal>1.322509277667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments Inc. COM</title>
        <cusip>882508104</cusip>
        <identifiers>
          <isin value="US8825081040"/>
          <ticker value="TXN"/>
        </identifiers>
        <balance>1595.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>309653.30000000</valUSD>
        <pctVal>1.483522313584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mondelez International Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International Inc. CL A</title>
        <cusip>609207105</cusip>
        <identifiers>
          <isin value="US6092071058"/>
          <ticker value="MDLZ"/>
        </identifiers>
        <balance>4500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259380.00000000</valUSD>
        <pctVal>1.242667259472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 04/16/26</title>
        <cusip>912797QD2</cusip>
        <identifiers>
          <isin value="US912797QD26"/>
        </identifiers>
        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104841.32000000</valUSD>
        <pctVal>0.502285742169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc. COM</title>
        <cusip>023135106</cusip>
        <identifiers>
          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
        </identifiers>
        <balance>525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109341.75000000</valUSD>
        <pctVal>0.523846915022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Niagen Bioscience Inc.</name>
        <lei>529900OPI7B8JPXCVS70</lei>
        <title>Niagen Bioscience Inc. COM NEW</title>
        <cusip>171077407</cusip>
        <identifiers>
          <isin value="US1710774076"/>
          <ticker value="NAGE"/>
        </identifiers>
        <balance>8500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37485.00000000</valUSD>
        <pctVal>0.179587409288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daimler Truck Holding AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
        <title>Daimler Truck Holding AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000DTR0CK8"/>
          <ticker value="DTG"/>
          <other otherDesc="SEDOL" value="BP6VLQ4"/>
        </identifiers>
        <balance>6191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>296753.82000000</valUSD>
        <pctVal>1.421722014948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Gabelli ESG Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
