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        <name>Manufacturers and Traders Trust Co.</name>
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        <name>Lowe`s Cos., Inc.</name>
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        <name>Principal Life Global Funding II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Life Insurance Co.</name>
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        <name>BorgWarner Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Securities Clearing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elevance Health, Inc.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Visa Inc.</name>
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        <name>Florida Power &amp; Light Co.</name>
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        <name>Georgia-Pacific LLC</name>
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        <name>QUALCOMM Inc.</name>
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        <name>Schlumberger Holdings Corp.</name>
        <lei>529900IKZG65COT1D505</lei>
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        <name>Cisco Systems, Inc.</name>
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        <name>JPMorgan Chase Bank, N.A.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>PNC Bank, Delaware</name>
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        <name>Duke Energy Progress, LLC</name>
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        <name>Athene Global Funding</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mid-Atlantic Interstate Transmission, LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Duke Energy Florida, LLC</name>
        <lei>7MOHLM3DKE63RX2ZCN83</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Corp.</name>
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        <name>Pioneer Natural Resources Co.</name>
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        <name>Sutter Health</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>PPG Industries, Inc.</name>
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        <name>CME Group Inc.</name>
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        <name>Apple Inc.</name>
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        <name>Virginia Power Fuel Securitization, LLC</name>
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        <name>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International Inc.</title>
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      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
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          <isin value="US025816CS64"/>
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        <curCd>USD</curCd>
        <valUSD>282403.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-04</maturityDt>
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          <annualizedRt>2.55000000</annualizedRt>
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      <invstOrSec>
        <name>Cboe Global Markets, Inc.</name>
        <lei>529900RLNSGA90UPEH54</lei>
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        <curCd>USD</curCd>
        <valUSD>299884.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-12</maturityDt>
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          <annualizedRt>3.65000000</annualizedRt>
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      <invstOrSec>
        <name>Cintas Corp. No. 2</name>
        <lei>549300QVUQTTKMTE0G41</lei>
        <title>Cintas Corp. No. 2</title>
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          <isin value="US17252MAN02"/>
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        <curCd>USD</curCd>
        <valUSD>284879.12000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>John Deere Capital Corp.</name>
        <lei>E0KSF7PFQ210NWI8Z391</lei>
        <title>John Deere Capital Corp.</title>
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          <isin value="US24422EXB00"/>
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        <curCd>USD</curCd>
        <valUSD>285006.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>Walmart Inc.</name>
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        <title>Walmart Inc.</title>
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          <isin value="US931142ET65"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272810.23000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-22</maturityDt>
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          <annualizedRt>1.80000000</annualizedRt>
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      <invstOrSec>
        <name>Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc.</name>
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        <title>Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc.</title>
        <cusip>05723KAE0</cusip>
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          <isin value="US05723KAE01"/>
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        <curCd>USD</curCd>
        <valUSD>270084.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
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          <annualizedRt>3.33700000</annualizedRt>
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      <invstOrSec>
        <name>Parker-Hannifin Corp.</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>Parker-Hannifin Corp.</title>
        <cusip>701094AR5</cusip>
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          <isin value="US701094AR58"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298205.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>TRANE TECHNOLOGIES FINANCING Ltd.</name>
        <lei>549300A5OEF3CJI2CO89</lei>
        <title>TRANE TECHNOLOGIES FINANCING Ltd.</title>
        <cusip>456873AD0</cusip>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271630.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299751.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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        <name>New York Life Global Funding</name>
        <lei>635400DPNHEAUHB7ZI15</lei>
        <title>New York Life Global Funding</title>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-09</maturityDt>
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          <annualizedRt>4.85000000</annualizedRt>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc.</title>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-27</maturityDt>
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          <annualizedRt>2.85000000</annualizedRt>
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        <name>Pacific Life Global Funding II</name>
        <lei>6354003EUPCHXTWUU869</lei>
        <title>Pacific Life Global Funding II</title>
        <cusip>6944PL2D0</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-20</maturityDt>
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          <annualizedRt>1.45000000</annualizedRt>
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        <name>Citibank N.A.</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Citibank N.A.</title>
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        <balance>280000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-09-29</maturityDt>
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          <annualizedRt>5.80300000</annualizedRt>
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      <invstOrSec>
        <name>Ecolab Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>Ecolab Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>Health Care Service Corp., a Mutual Legacy Reserve Co.</name>
        <lei>549300TMJ1FKCKECR148</lei>
        <title>Health Care Service Corp., a Mutual Legacy Reserve Co.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
        <cusip>594918BY9</cusip>
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        <balance>300000.00000000</balance>
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        <valUSD>294342.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>National Rural Utilities Cooperative Finance Corp.</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp.</title>
        <cusip>637432NP6</cusip>
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        <balance>274000.00000000</balance>
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        <valUSD>264609.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
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          <isin value="US844741BK34"/>
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        <curCd>USD</curCd>
        <valUSD>272369.46000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PACCAR Financial Corp.</name>
        <lei>PH3S12DWZBHHQKVYZ297</lei>
        <title>PACCAR Financial Corp.</title>
        <cusip>69371RT30</cusip>
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          <isin value="US69371RT304"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280964.35000000</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>2027-08-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Piedmont Natural Gas Co., Inc.</name>
        <lei>VXB4M3BDPKF3I2AZ3G89</lei>
        <title>Piedmont Natural Gas Co., Inc.</title>
        <cusip>720186AL9</cusip>
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          <isin value="US720186AL95"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275481.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
        <cusip>002824BF6</cusip>
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          <isin value="US002824BF69"/>
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        <balance>279000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276011.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89788MAC6</cusip>
        <identifiers>
          <isin value="US89788MAC64"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296638.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CF Industries, Inc.</name>
        <lei>5FVKT86LAD2F40NPC183</lei>
        <title>CF Industries, Inc.</title>
        <cusip>12527GAH6</cusip>
        <identifiers>
          <isin value="US12527GAH65"/>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287288.96000000</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>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U.S. Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>U.S. Bancorp, Series X</title>
        <cusip>91159HHR4</cusip>
        <identifiers>
          <isin value="US91159HHR49"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290946.60000000</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>2027-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lam Research Corp.</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corp.</title>
        <cusip>512807AU2</cusip>
        <identifiers>
          <isin value="US512807AU29"/>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284728.97000000</valUSD>
        <pctVal>0.648198805107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund</title>
        <cusip>09261HAD9</cusip>
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          <isin value="US09261HAD98"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284225.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <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>NSTAR Electric Co.</name>
        <lei>54930080R72Y2Z31UR68</lei>
        <title>NSTAR Electric Co.</title>
        <cusip>67021CAM9</cusip>
        <identifiers>
          <isin value="US67021CAM91"/>
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        <balance>282000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>273413.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fifth Third Bank, N.A.</name>
        <lei>QFROUN1UWUYU0DVIWD51</lei>
        <title>Fifth Third Bank, N.A.</title>
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          <isin value="US31677QBR92"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285691.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>94974BGL8</cusip>
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          <isin value="US94974BGL80"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267431.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Medtronic Global Holdings S.C.A.</name>
        <lei>549300JXMTTP8GKYIX14</lei>
        <title>Medtronic Global Holdings S.C.A.</title>
        <cusip>58507LBB4</cusip>
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          <isin value="US58507LBB45"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283951.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-30</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Archer-Daniels-Midland Co.</name>
        <lei>549300LO13MQ9HYSTR83</lei>
        <title>Archer-Daniels-Midland Co.</title>
        <cusip>039482AB0</cusip>
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          <isin value="US039482AB02"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-03-27</maturityDt>
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        <name>Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Truist Bank</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>Truist Bank</title>
        <cusip>07330MAA5</cusip>
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        <balance>295000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-30</maturityDt>
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        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GBY4</cusip>
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        <balance>305000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-18</maturityDt>
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          <annualizedRt>3.45000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>General Dynamics Corp.</title>
        <cusip>369550BC1</cusip>
        <identifiers>
          <isin value="US369550BC16"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273712.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>Kimberly-Clark Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
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        <name>Netflix, Inc.</name>
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        <name>Nuveen, LLC</name>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mars, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-20</maturityDt>
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        <name>Emerson Electric Co.</name>
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        <title>Emerson Electric Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-21</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>Mid-America Apartments, L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salesforce, Inc.</name>
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        <name>RGA Global Funding</name>
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        <name>Zoetis Inc.</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Chevron Corp.</name>
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        <name>CenterPoint Energy Resources Corp.</name>
        <lei>2JADVB0458J06WCD4N56</lei>
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        <name>Northwestern Mutual Global Funding</name>
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        <title>Northwestern Mutual Global Funding</title>
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        <name>Amazon.com, Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-22</maturityDt>
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        <name>FMR LLC</name>
        <lei>6X064LF7Y6B4DKF2GZ26</lei>
        <title>FMR LLC</title>
        <cusip>302508AQ9</cusip>
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        <name>Ascension Health</name>
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        <name>Adobe Inc.</name>
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        <name>Caterpillar Financial Services Corp.</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Equitable Financial Life Global Funding</name>
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        <name>Linde Inc.</name>
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        <name>Consumers Energy Co.</name>
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        <name>Cummins Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
        <lei>549300RLHFT5RU20WM87</lei>
        <title>Berkshire Hathaway Finance Corp.</title>
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        <name>Pricoa Global Funding I</name>
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      <invstOrSec>
        <name>Mastercard Inc.</name>
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        <name>Equitable Holdings, Inc.</name>
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        <name>Northern Trust Corp.</name>
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        <name>Deere &amp; Co.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Alphabet Inc.</name>
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        <name>Target Corp.</name>
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        <name>Comcast Corp.</name>
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        <name>NVIDIA Corp.</name>
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        <name>PepsiCo, Inc.</name>
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        <name>Invesco Private Government Fund</name>
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        <name>Keybank N.A.</name>
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        <name>Virginia Electric and Power Co.</name>
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        <name>Constellation Energy Generation, LLC</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>ERAC USA Finance LLC</name>
        <lei>LTKX5ODQW6Z7BQ2K1V47</lei>
        <title>ERAC USA Finance LLC</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
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          <isin value="US592179KL87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
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          <isin value="US14040HBW43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
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          <isin value="US126408HM81"/>
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        <curCd>USD</curCd>
        <valUSD>287234.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MassMutual Global Funding II</name>
        <lei>549300K1IE3K7YU6VG29</lei>
        <title>MassMutual Global Funding II</title>
        <cusip>57629W4S6</cusip>
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          <isin value="US57629W4S64"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284106.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Estee Lauder Cos. Inc. (The)</name>
        <lei>549300VFZ8XJ9NUPU221</lei>
        <title>Estee Lauder Cos. Inc. (The)</title>
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          <isin value="US29736RAS94"/>
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        <curCd>USD</curCd>
        <valUSD>268655.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Public Service Co. of Colorado</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>Public Service Co. of Colorado</title>
        <cusip>744448CV1</cusip>
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          <isin value="US744448CV12"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286208.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DTE Electric Co.</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co.</title>
        <cusip>23338VAK2</cusip>
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          <isin value="US23338VAK26"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276739.26000000</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>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Automatic Data Processing, Inc.</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
        <title>Automatic Data Processing, Inc.</title>
        <cusip>053015AG8</cusip>
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          <isin value="US053015AG87"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307503.87000000</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>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brighthouse Financial Global Funding</name>
        <lei>549300BLFX3KJ2IFOA78</lei>
        <title>Brighthouse Financial Global Funding</title>
        <cusip>10921U2J6</cusip>
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          <isin value="US10921U2J68"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273078.62000000</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>2027-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
        <cusip>666807BN1</cusip>
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          <isin value="US666807BN13"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>269243.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
        <cusip>437076BY7</cusip>
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          <isin value="US437076BY77"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285750.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apollo Management Holdings, L.P.</name>
        <lei>5493006XQW0V5K38YM64</lei>
        <title>Apollo Management Holdings, L.P.</title>
        <cusip>03765HAD3</cusip>
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          <isin value="US03765HAD35"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289981.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87200000</annualizedRt>
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        <name>Illinois Tool Works Inc.</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>Illinois Tool Works Inc.</title>
        <cusip>452308AX7</cusip>
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          <isin value="US452308AX78"/>
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        <valUSD>261898.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.65000000</annualizedRt>
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        <name>Northwestern Mutual Global Funding</name>
        <lei>635400LZXFVELZDVP257</lei>
        <title>Northwestern Mutual Global Funding</title>
        <cusip>66815L2K4</cusip>
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          <isin value="US66815L2K46"/>
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        <balance>270000.00000000</balance>
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        <valUSD>269556.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.35000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61746BEF9</cusip>
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          <isin value="US61746BEF94"/>
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        <balance>280000.00000000</balance>
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        <valUSD>275298.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>ConocoPhillips Co.</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>ConocoPhillips Co.</title>
        <cusip>208251AE8</cusip>
        <identifiers>
          <isin value="US208251AE82"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274451.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Gas Co.</name>
        <lei>XY0N0J73VHV5F4CUJV89</lei>
        <title>Southern California Gas Co.</title>
        <cusip>842434CW0</cusip>
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          <isin value="US842434CW01"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279746.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. L.P.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Caterpillar Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Schlumberger Investment S.A.</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Hormel Foods Corp.</name>
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        <title>Hormel Foods Corp.</title>
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        <valUSD>275531.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.80000000</annualizedRt>
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        <name>Providence St. Joseph Health Obligated Group</name>
        <lei>549300ME146XSPPHUT62</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chevron U.S.A. Inc.</name>
        <lei>VA8TZDWPEZYU430RZ444</lei>
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        <valUSD>270675.08000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Marathon Petroleum Corp.</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
        <cusip>22160KAP0</cusip>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275993.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.60000000</annualizedRt>
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        <name>Exxon Mobil Corp.</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
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        <valUSD>286023.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Blackrock, Inc.</name>
        <lei>529900VBK42Y5HHRMD23</lei>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>MidAmerican Energy Co.</name>
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    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Self-Indexed Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
