<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd "><headerData><submissionType>NPORT-P</submissionType><isConfidential>false</isConfidential><filerInfo><filer><issuerCredentials><cik>0000277751</cik><ccc>XXXXXXXX</ccc></issuerCredentials></filer><seriesClassInfo><seriesId>S000025898</seriesId><classId>C000077645</classId><classId>C000077646</classId><classId>C000077647</classId><classId>C000077648</classId><classId>C000077649</classId><classId>C000147334</classId><classId>C000150517</classId></seriesClassInfo></filerInfo></headerData><formData><genInfo><regName>JANUS INVESTMENT FUND</regName><regFileNumber>811-01879</regFileNumber><regCik>0000277751</regCik><regLei>W6UYDZFUOFJ4HQQ32382</regLei><regStreet1>151 DETROIT STREET</regStreet1><regCity>DENVER</regCity><regStateConditional regCountry="US" regState="US-CO"/><regZipOrPostalCode>80206</regZipOrPostalCode><regPhone>3033333863</regPhone><seriesName>Janus Henderson Adaptive Risk Managed U.S. Equity Fund</seriesName><seriesId>S000025898</seriesId><seriesLei>5493006DGCHLVTOMO890</seriesLei><repPdEnd>2023-06-30</repPdEnd><repPdDate>2022-09-30</repPdDate><isFinalFiling>N</isFinalFiling></genInfo><fundInfo><totAssets>588839544</totAssets><totLiabs>3913384</totLiabs><netAssets>584926160</netAssets><assetsAttrMiscSec>0</assetsAttrMiscSec><assetsInvested>0</assetsInvested><amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr><amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp><amtPayOneYrOthAffil>0</amtPayOneYrOthAffil><amtPayOneYrOther>0</amtPayOneYrOther><amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr><amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp><amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil><amtPayAftOneYrOther>0</amtPayAftOneYrOther><delayDeliv>0</delayDeliv><standByCommit>0</standByCommit><liquidPref>0</liquidPref><cshNotRptdInCorD>6702</cshNotRptdInCorD><borrowers><borrower aggrVal="3733392" lei="7TK5RJIZDFROZCA6XF66" name="MIZUHO SECURITIES USA LLC"/><borrower aggrVal="5771751.94" lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY &amp; CO. LLC"/><borrower aggrVal="1768.68" lei="VYVVCKR63DVZZN70PB21" name="WELLS FARGO SECURITIES, LLC"/><borrower aggrVal="162897.74" lei="AC28XWWI3WIBK2824319" name="BARCLAYS CAPITAL, INC."/><borrower aggrVal="5670345.39" lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS &amp; CO. LLC"/><borrower aggrVal="1938345.99" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES, INC."/><borrower aggrVal="3846422.4" lei="BFM8T61CT2L1QCEMIK50" name="UBS AG LONDON BRANCH"/></borrowers><isNonCashCollateral>N</isNonCashCollateral><returnInfo><monthlyTotReturns><monthlyTotReturn classId="C000077645" rtn1="-9.59" rtn2="-3.16" rtn3="6.76"/><monthlyTotReturn classId="C000077646" rtn1="-9.74" rtn2="-3.11" rtn3="6.63"/><monthlyTotReturn classId="C000150517" rtn1="-9.57" rtn2="-3.12" rtn3="6.79"/><monthlyTotReturn classId="C000077647" rtn1="-9.6" rtn2="-3.17" rtn3="6.76"/><monthlyTotReturn classId="C000147334" rtn1="-9.64" rtn2="-3.08" rtn3="6.8"/><monthlyTotReturn classId="C000077648" rtn1="-9.62" rtn2="-3.17" rtn3="6.78"/><monthlyTotReturn classId="C000077649" rtn1="-9.57" rtn2="-3.12" rtn3="6.79"/></monthlyTotReturns><monthlyReturnCats><commodityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></commodityContracts><creditContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></creditContracts><equityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></equityContracts><foreignExchgContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></foreignExchgContracts><interestRtContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></interestRtContracts><otherContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></otherContracts></monthlyReturnCats><othMon1 netRealizedGain="4636640" netUnrealizedAppr="-69124572"/><othMon2 netRealizedGain="10312331" netUnrealizedAppr="-32763843"/><othMon3 netRealizedGain="-950471" netUnrealizedAppr="43781853"/></returnInfo><mon1Flow redemption="-9660291.82" reinvestment="0" sales="2875862.89"/><mon2Flow redemption="-12556846.66" reinvestment="0" sales="1873047.99"/><mon3Flow redemption="-11777177.34" reinvestment="0" sales="1821493.61"/><varInfo><fundsDesignatedInfo><nameDesignatedIndex>Russell 1000 Total Return Index</nameDesignatedIndex><indexIdentifier>RUSSELL.MC.RIY</indexIdentifier></fundsDesignatedInfo></varInfo></fundInfo><invstOrSecs><invstOrSec><name>N/A</name><lei>N/A</lei><title>Royal Bank of Canada</title><cusip>N/A</cusip><identifiers><other otherDesc="RBC SL TD" value="Internal ID"/></identifiers><balance>4362329</balance><units>PA</units><curCd>USD</curCd><valUSD>4362329</valUSD><pctVal>0.746</pctVal><payoffProfile>Long</payoffProfile><assetCat>STIV</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2022-10-03</maturityDt><couponKind>Fixed</couponKind><annualizedRt>3.06</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><cashCollateralCondition cashCollateralVal="4362329" isCashCollateral="Y"/><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Aflac Inc</name><lei>549300N0B7DOGLXWPP39</lei><title>Aflac Inc</title><cusip>001055102</cusip><identifiers><isin value="US0010551028"/><ticker value="AFL US"/><other otherDesc="2026361" value="Sedol"/></identifiers><balance>63033</balance><units>NS</units><curCd>USD</curCd><valUSD>3542455</valUSD><pctVal>0.606</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>AGNC Investment Corp</name><lei>5TRACI5HRMELWV32OF39</lei><title>AGNC Investment Corp</title><cusip>00123Q104</cusip><identifiers><isin value="US00123Q1040"/><ticker value="AGNC US"/><other otherDesc="BYYHJL8" value="Sedol"/></identifiers><balance>603680</balance><units>NS</units><curCd>USD</curCd><valUSD>5082986</valUSD><pctVal>0.869</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>AES Corp/The</name><lei>2NUNNB7D43COUIRE5295</lei><title>AES Corp/VA</title><cusip>00130H105</cusip><identifiers><isin value="US00130H1059"/><ticker value="AES US"/><other otherDesc="2002479" value="Sedol"/></identifiers><balance>69154</balance><units>NS</units><curCd>USD</curCd><valUSD>1562880</valUSD><pctVal>0.267</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>AT&amp;T Inc</name><lei>549300Z40J86GGSTL398</lei><title>AT&amp;T Inc</title><cusip>00206R102</cusip><identifiers><isin value="US00206R1023"/><ticker value="T US"/><other otherDesc="2831811" value="Sedol"/></identifiers><balance>226673</balance><units>NS</units><curCd>USD</curCd><valUSD>3477164</valUSD><pctVal>0.594</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>Abbott Laboratories</name><lei>HQD377W2YR662HK5JX27</lei><title>Abbott Laboratories</title><cusip>002824100</cusip><identifiers><isin value="US0028241000"/><ticker value="ABT US"/><other otherDesc="2002305" value="Sedol"/></identifiers><balance>36047</balance><units>NS</units><curCd>USD</curCd><valUSD>3487908</valUSD><pctVal>0.596</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>AbbVie Inc</name><lei>FR5LCKFTG8054YNNRU85</lei><title>AbbVie Inc</title><cusip>00287Y109</cusip><identifiers><isin value="US00287Y1091"/><ticker value="ABBV US"/><other otherDesc="B92SR70" value="Sedol"/></identifiers><balance>41110</balance><units>NS</units><curCd>USD</curCd><valUSD>5517373</valUSD><pctVal>0.943</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>Agilent Technologies Inc</name><lei>QUIX8Y7A2WP0XRMW7G29</lei><title>Agilent Technologies Inc</title><cusip>00846U101</cusip><identifiers><isin value="US00846U1016"/><ticker value="A US"/><other otherDesc="2520153" value="Sedol"/></identifiers><balance>27282</balance><units>NS</units><curCd>USD</curCd><valUSD>3316127</valUSD><pctVal>0.567</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>Albertsons Cos Inc</name><lei>549300YKWOC0AOR16R51</lei><title>Albertsons Cos Inc - Class A</title><cusip>013091103</cusip><identifiers><isin value="US0130911037"/><ticker value="ACI US"/><other otherDesc="BYNQ369" value="Sedol"/></identifiers><balance>138159</balance><units>NS</units><curCd>USD</curCd><valUSD>3434633</valUSD><pctVal>0.587</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>American Electric Power Co Inc</name><lei>1B4S6S7G0TW5EE83BO58</lei><title>American Electric Power Co Inc</title><cusip>025537101</cusip><identifiers><isin value="US0255371017"/><ticker value="AEP US"/><other otherDesc="2026242" value="Sedol"/></identifiers><balance>38631</balance><units>NS</units><curCd>USD</curCd><valUSD>3339650</valUSD><pctVal>0.571</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>Annaly Capital Management Inc</name><lei>2DTL0G3FPRYUT58TI025</lei><title>ANNALY CAPITAL MANAGEMENT IN</title><cusip>035710839</cusip><identifiers><isin value="US0357108390"/><ticker value="NLY US"/><other otherDesc="BPMQ7X2" value="Sedol"/></identifiers><balance>336517</balance><units>NS</units><curCd>USD</curCd><valUSD>5774632</valUSD><pctVal>0.987</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>Ares Capital Corp</name><lei>WEQ82666OJYSI5GUAB47</lei><title>Ares Capital Corp</title><cusip>04010L103</cusip><identifiers><isin value="US04010L1035"/><ticker value="ARCC US"/><other otherDesc="B032FN0" value="Sedol"/></identifiers><balance>94641</balance><units>NS</units><curCd>USD</curCd><valUSD>1597540</valUSD><pctVal>0.273</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>Bank of New York Mellon Corp/T</name><lei>WFLLPEPC7FZXENRZV188</lei><title>Bank of New York Mellon Corp</title><cusip>064058100</cusip><identifiers><isin value="US0640581007"/><ticker value="BK US"/><other otherDesc="B1Z77F6" value="Sedol"/></identifiers><balance>91763</balance><units>NS</units><curCd>USD</curCd><valUSD>3534711</valUSD><pctVal>0.604</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>Bank of Nova Scotia/The</name><lei>L3I9ZG2KFGXZ61BMYR72</lei><title>Bank of Nova Scotia</title><cusip>064149107</cusip><identifiers><isin value="CA0641491075"/><ticker value="BNS US"/><other otherDesc="2957665" value="Sedol"/></identifiers><balance>103168</balance><units>NS</units><curCd>USD</curCd><valUSD>4907702</valUSD><pctVal>0.839</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><loanByFundCondition isLoanByFund="Y" loanVal="3733392"/></securityLending></invstOrSec><invstOrSec><name>Bank OZK</name><lei>549300VYK2WBD7SST478</lei><title>Bank OZK</title><cusip>06417N103</cusip><identifiers><isin value="US06417N1037"/><ticker value="OZK US"/><other otherDesc="BZ56Q65" value="Sedol"/></identifiers><balance>95494</balance><units>NS</units><curCd>USD</curCd><valUSD>3777743</valUSD><pctVal>0.646</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>Berkshire Hathaway Inc</name><lei>5493000C01ZX7D35SD85</lei><title>Berkshire Hathaway Inc</title><cusip>084670702</cusip><identifiers><isin value="US0846707026"/><ticker value="BRK/B US"/><other otherDesc="2073390" value="Sedol"/></identifiers><balance>13226</balance><units>NS</units><curCd>USD</curCd><valUSD>3531606</valUSD><pctVal>0.604</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>Berry Global Group Inc</name><lei>549300G6KKUMMXM8NH73</lei><title>Berry Global Group Inc</title><cusip>08579W103</cusip><identifiers><isin value="US08579W1036"/><ticker value="BERY US"/><other otherDesc="B8BR3H3" value="Sedol"/></identifiers><balance>69648</balance><units>NS</units><curCd>USD</curCd><valUSD>3240721</valUSD><pctVal>0.554</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>Blackstone Mortgage Trust Inc</name><lei>549300OLDJ20R2Y2UW20</lei><title>Blackstone Mortgage Trust, Inc COM USD0.01 CLS'A'</title><cusip>09257W100</cusip><identifiers><isin value="US09257W1009"/><ticker value="BXMT US"/><other otherDesc="B94QHZ0" value="Sedol"/></identifiers><balance>241025</balance><units>NS</units><curCd>USD</curCd><valUSD>5625523</valUSD><pctVal>0.962</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>Blue Owl Capital Inc</name><lei>N/A</lei><title>Blue Owl Capital Inc</title><cusip>09581B103</cusip><identifiers><isin value="US09581B1035"/><ticker value="OWL US"/><other otherDesc="BN7CQS9" value="Sedol"/></identifiers><balance>614044</balance><units>NS</units><curCd>USD</curCd><valUSD>5667626</valUSD><pctVal>0.969</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>BorgWarner Inc</name><lei>549300DSFX2IE88NSX47</lei><title>BorgWarner Inc</title><cusip>099724106</cusip><identifiers><isin value="US0997241064"/><ticker value="BWA US"/><other otherDesc="2111955" value="Sedol"/></identifiers><balance>78376</balance><units>NS</units><curCd>USD</curCd><valUSD>2461006</valUSD><pctVal>0.421</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>Boston Properties Inc</name><lei>549300OF70FSEUQBT254</lei><title>Boston Properties Inc</title><cusip>101121101</cusip><identifiers><isin value="US1011211018"/><ticker value="BXP US"/><other otherDesc="2019479" value="Sedol"/></identifiers><balance>35436</balance><units>NS</units><curCd>USD</curCd><valUSD>2656637</valUSD><pctVal>0.454</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>Boston Scientific Corp</name><lei>Y6ZDD9FP4P8JSSJMW954</lei><title>Boston Scientific Corp</title><cusip>101137107</cusip><identifiers><isin value="US1011371077"/><ticker value="BSX US"/><other otherDesc="2113434" value="Sedol"/></identifiers><balance>43902</balance><units>NS</units><curCd>USD</curCd><valUSD>1700324</valUSD><pctVal>0.291</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>Bristol-Myers Squibb Co</name><lei>HLYYNH7UQUORYSJQCN42</lei><title>Bristol-Myers Squibb Co</title><cusip>110122108</cusip><identifiers><isin value="US1101221083"/><ticker value="BMY US"/><other otherDesc="2126335" value="Sedol"/></identifiers><balance>54445</balance><units>NS</units><curCd>USD</curCd><valUSD>3870495</valUSD><pctVal>0.662</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>Brookfield Asset Management In</name><lei>C6J3FGIWG6MBDGTE8F80</lei><title>BROOKFIELD ASSET MANAGE-CL A</title><cusip>112585104</cusip><identifiers><isin value="CA1125851040"/><ticker value="BAM US"/><other otherDesc="2092555" value="Sedol"/></identifiers><balance>60206</balance><units>NS</units><curCd>USD</curCd><valUSD>2461823</valUSD><pctVal>0.421</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>CBRE Group Inc</name><lei>52990016II9MJ2OSWA10</lei><title>CBRE Group Inc</title><cusip>12504L109</cusip><identifiers><isin value="US12504L1098"/><ticker value="CBRE US"/><other otherDesc="B6WVMH3" value="Sedol"/></identifiers><balance>49746</balance><units>NS</units><curCd>USD</curCd><valUSD>3358352</valUSD><pctVal>0.574</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>Campbell Soup Co</name><lei>5493007JDSMX8Z5Z1902</lei><title>Campbell Soup Co</title><cusip>134429109</cusip><identifiers><isin value="US1344291091"/><ticker value="CPB US"/><other otherDesc="2162845" value="Sedol"/></identifiers><balance>81212</balance><units>NS</units><curCd>USD</curCd><valUSD>3826709</valUSD><pctVal>0.654</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>CIBC</name><lei>2IGI19DL77OX0HC3ZE78</lei><title>Canadian Imperial Bank of Commerce</title><cusip>136069101</cusip><identifiers><isin value="CA1360691010"/><ticker value="CM US"/><other otherDesc="2418872" value="Sedol"/></identifiers><balance>179837</balance><units>NS</units><curCd>USD</curCd><valUSD>7869667</valUSD><pctVal>1.345</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><loanByFundCondition isLoanByFund="Y" loanVal="5417337.45"/></securityLending></invstOrSec><invstOrSec><name>Canadian National Railway Co</name><lei>3SU7BEP7TH9YEQOZCS77</lei><title>Canadian National Railway Co</title><cusip>136375102</cusip><identifiers><isin value="CA1363751027"/><ticker value="CNI US"/><other otherDesc="2210959" value="Sedol"/></identifiers><balance>57713</balance><units>NS</units><curCd>USD</curCd><valUSD>6232427</valUSD><pctVal>1.066</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>Canadian Pacific Railway Ltd</name><lei>N/A</lei><title>Canadian Pacific Railway Ltd</title><cusip>13645T100</cusip><identifiers><isin value="CA13645T1003"/><ticker value="CP US"/><other otherDesc="2793104" value="Sedol"/></identifiers><balance>38721</balance><units>NS</units><curCd>USD</curCd><valUSD>2583465</valUSD><pctVal>0.442</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>Cardinal Health Inc</name><lei>CCU46N3GJMF4OK4N7U60</lei><title>Cardinal Health Inc</title><cusip>14149Y108</cusip><identifiers><isin value="US14149Y1082"/><ticker value="CAH US"/><other otherDesc="2175672" value="Sedol"/></identifiers><balance>44768</balance><units>NS</units><curCd>USD</curCd><valUSD>2985130</valUSD><pctVal>0.51</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>CenterPoint Energy Inc</name><lei>21TPXMRRHFKOBHDC8J74</lei><title>CenterPoint Energy Inc</title><cusip>15189T107</cusip><identifiers><isin value="US15189T1079"/><ticker value="CNP US"/><other otherDesc="2440637" value="Sedol"/></identifiers><balance>176663</balance><units>NS</units><curCd>USD</curCd><valUSD>4978363</valUSD><pctVal>0.851</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>Chipotle Mexican Grill Inc</name><lei>N/A</lei><title>Chipotle Mexican Grill Inc</title><cusip>169656105</cusip><identifiers><isin value="US1696561059"/><ticker value="CMG US"/><other otherDesc="B0X7DZ3" value="Sedol"/></identifiers><balance>1768</balance><units>NS</units><curCd>USD</curCd><valUSD>2656880</valUSD><pctVal>0.454</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>Church &amp; Dwight Co Inc</name><lei>POOXSI30AWAQGYJZC921</lei><title>Church &amp; Dwight Co Inc</title><cusip>171340102</cusip><identifiers><isin value="US1713401024"/><ticker value="CHD US"/><other otherDesc="2195841" value="Sedol"/></identifiers><balance>86974</balance><units>NS</units><curCd>USD</curCd><valUSD>6213423</valUSD><pctVal>1.062</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>Cisco Systems Inc</name><lei>549300LKFJ962MZ46593</lei><title>Cisco Systems Inc</title><cusip>17275R102</cusip><identifiers><isin value="US17275R1023"/><ticker value="CSCO US"/><other otherDesc="2198163" value="Sedol"/></identifiers><balance>66603</balance><units>NS</units><curCd>USD</curCd><valUSD>2664120</valUSD><pctVal>0.455</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>Citizens Financial Group Inc</name><lei>2138004JDDA4ZQUPFW65</lei><title>Citizens Financial Group Inc</title><cusip>174610105</cusip><identifiers><isin value="US1746101054"/><ticker value="CFG US"/><other otherDesc="BQRX1X3" value="Sedol"/></identifiers><balance>182817</balance><units>NS</units><curCd>USD</curCd><valUSD>6281592</valUSD><pctVal>1.074</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>Coca-Cola Co/The</name><lei>UWJKFUJFZ02DKWI3RY53</lei><title>Coca-Cola Co</title><cusip>191216100</cusip><identifiers><isin value="US1912161007"/><ticker value="KO US"/><other otherDesc="2206657" value="Sedol"/></identifiers><balance>112479</balance><units>NS</units><curCd>USD</curCd><valUSD>6301074</valUSD><pctVal>1.077</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>Cognizant Technology Solutions</name><lei>5493006IEVQEFQO40L83</lei><title>Cognizant Technology Solutions Corp</title><cusip>192446102</cusip><identifiers><isin value="US1924461023"/><ticker value="CTSH US"/><other otherDesc="2257019" value="Sedol"/></identifiers><balance>107865</balance><units>NS</units><curCd>USD</curCd><valUSD>6195766</valUSD><pctVal>1.059</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>Conagra Brands Inc</name><lei>54930035UDEIH090K650</lei><title>Conagra Brands Inc</title><cusip>205887102</cusip><identifiers><isin value="US2058871029"/><ticker value="CAG US"/><other otherDesc="2215460" value="Sedol"/></identifiers><balance>168712</balance><units>NS</units><curCd>USD</curCd><valUSD>5505073</valUSD><pctVal>0.941</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>Consolidated Edison Inc</name><lei>54930033SBW53OO8T749</lei><title>Consolidated Edison Inc</title><cusip>209115104</cusip><identifiers><isin value="US2091151041"/><ticker value="ED US"/><other otherDesc="2216850" value="Sedol"/></identifiers><balance>68975</balance><units>NS</units><curCd>USD</curCd><valUSD>5915296</valUSD><pctVal>1.011</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>Corning Inc</name><lei>549300X2937PB0CJ7I56</lei><title>Corning Inc</title><cusip>219350105</cusip><identifiers><isin value="US2193501051"/><ticker value="GLW US"/><other otherDesc="2224701" value="Sedol"/></identifiers><balance>111187</balance><units>NS</units><curCd>USD</curCd><valUSD>3226647</valUSD><pctVal>0.552</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>Corteva Inc</name><lei>549300WZN9I2QKLS0O94</lei><title>Corteva Inc</title><cusip>22052L104</cusip><identifiers><isin value="US22052L1044"/><ticker value="CTVA US"/><other otherDesc="BK73B42" value="Sedol"/></identifiers><balance>61438</balance><units>NS</units><curCd>USD</curCd><valUSD>3511182</valUSD><pctVal>0.6</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>Dell Technologies Inc</name><lei>549300TJB5YBRUPOG437</lei><title>Dell Technologies Inc</title><cusip>24703L202</cusip><identifiers><isin value="US24703L2025"/><ticker value="DELL US"/><other otherDesc="BHKD3S6" value="Sedol"/></identifiers><balance>76684</balance><units>NS</units><curCd>USD</curCd><valUSD>2620292</valUSD><pctVal>0.448</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>Dominion Energy Inc</name><lei>ILUL7B6Z54MRYCF6H308</lei><title>Dominion Energy Inc</title><cusip>25746U109</cusip><identifiers><isin value="US25746U1097"/><ticker value="D US"/><other otherDesc="2542049" value="Sedol"/></identifiers><balance>46789</balance><units>NS</units><curCd>USD</curCd><valUSD>3233588</valUSD><pctVal>0.553</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>Elanco Animal Health Inc</name><lei>549300SHPNDCE059M934</lei><title>Elanco Animal Health Inc</title><cusip>28414H103</cusip><identifiers><isin value="US28414H1032"/><ticker value="ELAN US"/><other otherDesc="BF5L3T2" value="Sedol"/></identifiers><balance>195840</balance><units>NS</units><curCd>USD</curCd><valUSD>2430374</valUSD><pctVal>0.416</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>Emerson Electric Co</name><lei>FGLT0EWZSUIRRITFOA30</lei><title>Emerson Electric Co</title><cusip>291011104</cusip><identifiers><isin value="US2910111044"/><ticker value="EMR US"/><other otherDesc="2313405" value="Sedol"/></identifiers><balance>30473</balance><units>NS</units><curCd>USD</curCd><valUSD>2231233</valUSD><pctVal>0.381</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>Enbridge Inc</name><lei>98TPTUM4IVMFCZBCUR27</lei><title>Enbridge Inc</title><cusip>29250N105</cusip><identifiers><isin value="CA29250N1050"/><ticker value="ENB US"/><other otherDesc="2478906" value="Sedol"/></identifiers><balance>71986</balance><units>NS</units><curCd>USD</curCd><valUSD>2670681</valUSD><pctVal>0.457</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>Equinix Inc</name><lei>549300EVUN2BTLJ3GT74</lei><title>EQUINIX INC</title><cusip>29444U700</cusip><identifiers><isin value="US29444U7000"/><ticker value="EQIX US"/><other otherDesc="BVLZX12" value="Sedol"/></identifiers><balance>4644</balance><units>NS</units><curCd>USD</curCd><valUSD>2641693</valUSD><pctVal>0.452</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>Exelon Corp</name><lei>3SOUA6IRML7435B56G12</lei><title>Exelon Corp</title><cusip>30161N101</cusip><identifiers><isin value="US30161N1019"/><ticker value="EXC US"/><other otherDesc="2670519" value="Sedol"/></identifiers><balance>88121</balance><units>NS</units><curCd>USD</curCd><valUSD>3301013</valUSD><pctVal>0.564</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>FS KKR Capital Corp</name><lei>549300TYRSI1T21B1360</lei><title>FS KKR Capital Corp</title><cusip>302635206</cusip><identifiers><isin value="US3026352068"/><ticker value="FSK US"/><other otherDesc="BLPJL16" value="Sedol"/></identifiers><balance>412836</balance><units>NS</units><curCd>USD</curCd><valUSD>6997570</valUSD><pctVal>1.196</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>Fastenal Co</name><lei>529900PP0C7H2HHPSJ32</lei><title>Fastenal Co</title><cusip>311900104</cusip><identifiers><isin value="US3119001044"/><ticker value="FAST US"/><other otherDesc="2332262" value="Sedol"/></identifiers><balance>115177</balance><units>NS</units><curCd>USD</curCd><valUSD>5302749</valUSD><pctVal>0.907</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>Fidelity National Financial In</name><lei>549300CAZYIH39SYQ287</lei><title>Fidelity National Financial Inc</title><cusip>31620R303</cusip><identifiers><isin value="US31620R3030"/><ticker value="FNF US"/><other otherDesc="BNBRDD4" value="Sedol"/></identifiers><balance>212605</balance><units>NS</units><curCd>USD</curCd><valUSD>7696301</valUSD><pctVal>1.316</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>Fifth Third Bancorp</name><lei>THRNG6BD57P9QWTQLG42</lei><title>Fifth Third Bancorp</title><cusip>316773100</cusip><identifiers><isin value="US3167731005"/><ticker value="FITB US"/><other otherDesc="2336747" value="Sedol"/></identifiers><balance>195882</balance><units>NS</units><curCd>USD</curCd><valUSD>6260389</valUSD><pctVal>1.07</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>FirstEnergy Corp</name><lei>549300SVYJS666PQJH88</lei><title>FirstEnergy Corp</title><cusip>337932107</cusip><identifiers><isin value="US3379321074"/><ticker value="FE US"/><other otherDesc="2100920" value="Sedol"/></identifiers><balance>140027</balance><units>NS</units><curCd>USD</curCd><valUSD>5180999</valUSD><pctVal>0.886</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>Fortinet Inc</name><lei>549300O0QJWDBAS0QX03</lei><title>Fortinet Inc</title><cusip>34959E109</cusip><identifiers><isin value="US34959E1091"/><ticker value="FTNT US"/><other otherDesc="B5B2106" value="Sedol"/></identifiers><balance>55343</balance><units>NS</units><curCd>USD</curCd><valUSD>2719002</valUSD><pctVal>0.465</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>Fortive Corp</name><lei>549300MU9YQJYHDQEF63</lei><title>Fortive Corp</title><cusip>34959J108</cusip><identifiers><isin value="US34959J1088"/><ticker value="FTV US"/><other otherDesc="BYT3MK1" value="Sedol"/></identifiers><balance>28511</balance><units>NS</units><curCd>USD</curCd><valUSD>1662191</valUSD><pctVal>0.284</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>Franklin Resources Inc</name><lei>RIFQSET379FOGTEFKS80</lei><title>Franklin Resources Inc</title><cusip>354613101</cusip><identifiers><isin value="US3546131018"/><ticker value="BEN US"/><other otherDesc="2350684" value="Sedol"/></identifiers><balance>218600</balance><units>NS</units><curCd>USD</curCd><valUSD>4704272</valUSD><pctVal>0.804</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>General Mills Inc</name><lei>2TGYMUGI08PO8X8L6150</lei><title>General Mills Inc</title><cusip>370334104</cusip><identifiers><isin value="US3703341046"/><ticker value="GIS US"/><other otherDesc="2367026" value="Sedol"/></identifiers><balance>53358</balance><units>NS</units><curCd>USD</curCd><valUSD>4087756</valUSD><pctVal>0.699</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>Gilead Sciences Inc</name><lei>549300WTZWR07K8MNV44</lei><title>Gilead Sciences Inc</title><cusip>375558103</cusip><identifiers><isin value="US3755581036"/><ticker value="GILD US"/><other otherDesc="2369174" value="Sedol"/></identifiers><balance>56108</balance><units>NS</units><curCd>USD</curCd><valUSD>3461303</valUSD><pctVal>0.592</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</title><cusip>40412C101</cusip><identifiers><isin value="US40412C1018"/><ticker value="HCA US"/><other otherDesc="B4MGBG6" value="Sedol"/></identifiers><balance>18273</balance><units>NS</units><curCd>USD</curCd><valUSD>3358395</valUSD><pctVal>0.574</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>HP Inc</name><lei>WHKXQACZ14C5XRO8LW03</lei><title>HP Inc</title><cusip>40434L105</cusip><identifiers><isin value="US40434L1052"/><ticker value="HPQ US"/><other otherDesc="BYX4D52" value="Sedol"/></identifiers><balance>133845</balance><units>NS</units><curCd>USD</curCd><valUSD>3335417</valUSD><pctVal>0.57</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>Hasbro Inc</name><lei>549300NUB6D2R1ITYR45</lei><title>Hasbro Inc</title><cusip>418056107</cusip><identifiers><isin value="US4180561072"/><ticker value="HAS US"/><other otherDesc="2414580" value="Sedol"/></identifiers><balance>37473</balance><units>NS</units><curCd>USD</curCd><valUSD>2526430</valUSD><pctVal>0.432</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>Hormel Foods Corp</name><lei>MSD54751OJP1FS2ND863</lei><title>Hormel Foods Corp</title><cusip>440452100</cusip><identifiers><isin value="US4404521001"/><ticker value="HRL US"/><other otherDesc="2437264" value="Sedol"/></identifiers><balance>83679</balance><units>NS</units><curCd>USD</curCd><valUSD>3802374</valUSD><pctVal>0.65</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>Howmet Aerospace Inc</name><lei>549300HO5WFZUT5N2T22</lei><title>Howmet Aerospace Inc</title><cusip>443201108</cusip><identifiers><isin value="US4432011082"/><ticker value="HWM US"/><other otherDesc="BKLJ8V2" value="Sedol"/></identifiers><balance>103077</balance><units>NS</units><curCd>USD</curCd><valUSD>3188172</valUSD><pctVal>0.545</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>Huntington Bancshares Inc/OH</name><lei>549300XTVCVV9I7B5T19</lei><title>Huntington Bancshares Inc/OH</title><cusip>446150104</cusip><identifiers><isin value="US4461501045"/><ticker value="HBAN US"/><other otherDesc="2445966" value="Sedol"/></identifiers><balance>280999</balance><units>NS</units><curCd>USD</curCd><valUSD>3703567</valUSD><pctVal>0.633</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>Huntsman Corp</name><lei>5299000V56320A7RIQ67</lei><title>Huntsman Corp</title><cusip>447011107</cusip><identifiers><isin value="US4470111075"/><ticker value="HUN US"/><other otherDesc="B0650B9" value="Sedol"/></identifiers><balance>68020</balance><units>NS</units><curCd>USD</curCd><valUSD>1669211</valUSD><pctVal>0.285</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>Ingersoll Rand Inc</name><lei>5299004C02FMZCUOIR50</lei><title>Ingersoll Rand Inc</title><cusip>45687V106</cusip><identifiers><isin value="US45687V1061"/><ticker value="IR US"/><other otherDesc="BL5GZ82" value="Sedol"/></identifiers><balance>59949</balance><units>NS</units><curCd>USD</curCd><valUSD>2593394</valUSD><pctVal>0.443</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>International Paper Co</name><lei>824LMFJDH41EY779Q875</lei><title>International Paper Co</title><cusip>460146103</cusip><identifiers><isin value="US4601461035"/><ticker value="IP US"/><other otherDesc="2465254" value="Sedol"/></identifiers><balance>138666</balance><units>NS</units><curCd>USD</curCd><valUSD>4395712</valUSD><pctVal>0.751</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>Invitation Homes Inc</name><lei>N/A</lei><title>Invitation Homes Inc</title><cusip>46187W107</cusip><identifiers><isin value="US46187W1071"/><ticker value="INVH US"/><other otherDesc="BD81GW9" value="Sedol"/></identifiers><balance>145787</balance><units>NS</units><curCd>USD</curCd><valUSD>4923227</valUSD><pctVal>0.842</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>Jabil Inc</name><lei>5493000CGCQY2OQU7669</lei><title>Jabil Inc</title><cusip>466313103</cusip><identifiers><isin value="US4663131039"/><ticker value="JBL US"/><other otherDesc="2471789" value="Sedol"/></identifiers><balance>66112</balance><units>NS</units><curCd>USD</curCd><valUSD>3815323</valUSD><pctVal>0.652</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>Jefferies Financial Group Inc</name><lei>549300HOF34RGOJ5YL07</lei><title>Jefferies Financial Group Inc</title><cusip>47233W109</cusip><identifiers><isin value="US47233W1099"/><ticker value="JEF US"/><other otherDesc="BG0Q4Z2" value="Sedol"/></identifiers><balance>210338</balance><units>NS</units><curCd>USD</curCd><valUSD>6204971</valUSD><pctVal>1.061</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>Johnson &amp; Johnson</name><lei>549300G0CFPGEF6X2043</lei><title>Johnson &amp; Johnson</title><cusip>478160104</cusip><identifiers><isin value="US4781601046"/><ticker value="JNJ US"/><other otherDesc="2475833" value="Sedol"/></identifiers><balance>11519</balance><units>NS</units><curCd>USD</curCd><valUSD>1881744</valUSD><pctVal>0.322</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>Juniper Networks Inc</name><lei>AUHIXNGG7U2U7JEHM527</lei><title>Juniper Networks Inc</title><cusip>48203R104</cusip><identifiers><isin value="US48203R1041"/><ticker value="JNPR US"/><other otherDesc="2431846" value="Sedol"/></identifiers><balance>64875</balance><units>NS</units><curCd>USD</curCd><valUSD>1694535</valUSD><pctVal>0.29</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>Kellogg Co</name><lei>LONOZNOJYIBXOHXWDB86</lei><title>Kellogg Co</title><cusip>487836108</cusip><identifiers><isin value="US4878361082"/><ticker value="K US"/><other otherDesc="2486813" value="Sedol"/></identifiers><balance>68809</balance><units>NS</units><curCd>USD</curCd><valUSD>4793235</valUSD><pctVal>0.819</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>Keurig Dr Pepper Inc</name><lei>DYTQ8KRTKO7Y2BVU5K74</lei><title>Keurig Dr Pepper Inc</title><cusip>49271V100</cusip><identifiers><isin value="US49271V1008"/><ticker value="KDP US"/><other otherDesc="BD3W133" value="Sedol"/></identifiers><balance>100990</balance><units>NS</units><curCd>USD</curCd><valUSD>3617462</valUSD><pctVal>0.618</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>KeyCorp</name><lei>RKPI3RZGV1V1FJTH5T61</lei><title>KeyCorp</title><cusip>493267108</cusip><identifiers><isin value="US4932671088"/><ticker value="KEY US"/><other otherDesc="2490911" value="Sedol"/></identifiers><balance>371954</balance><units>NS</units><curCd>USD</curCd><valUSD>5958703</valUSD><pctVal>1.019</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>Kimco Realty Corp</name><lei>549300EA7I6T15IBYS12</lei><title>Kimco Realty Corp</title><cusip>49446R109</cusip><identifiers><isin value="US49446R1095"/><ticker value="KIM US"/><other otherDesc="2491594" value="Sedol"/></identifiers><balance>138581</balance><units>NS</units><curCd>USD</curCd><valUSD>2551276</valUSD><pctVal>0.436</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>Kinder Morgan Inc</name><lei>549300WR7IX8XE0TBO16</lei><title>Kinder Morgan Inc/DE</title><cusip>49456B101</cusip><identifiers><isin value="US49456B1017"/><ticker value="KMI US"/><other otherDesc="B3NQ4P8" value="Sedol"/></identifiers><balance>216822</balance><units>NS</units><curCd>USD</curCd><valUSD>3607918</valUSD><pctVal>0.617</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>Kraft Heinz Co/The</name><lei>9845007488EC87F5AF14</lei><title>Kraft Heinz Co</title><cusip>500754106</cusip><identifiers><isin value="US5007541064"/><ticker value="KHC US"/><other otherDesc="BYRY499" value="Sedol"/></identifiers><balance>194762</balance><units>NS</units><curCd>USD</curCd><valUSD>6495313</valUSD><pctVal>1.11</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>Leggett &amp; Platt Inc</name><lei>DKOVQUCDW4ZLYCUD4T55</lei><title>Leggett &amp; Platt Inc</title><cusip>524660107</cusip><identifiers><isin value="US5246601075"/><ticker value="LEG US"/><other otherDesc="2510682" value="Sedol"/></identifiers><balance>78997</balance><units>NS</units><curCd>USD</curCd><valUSD>2624280</valUSD><pctVal>0.449</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>Leidos Holdings Inc</name><lei>549300IUTGTP6EJP8124</lei><title>Leidos Holdings Inc</title><cusip>525327102</cusip><identifiers><isin value="US5253271028"/><ticker value="LDOS US"/><other otherDesc="BDV82B8" value="Sedol"/></identifiers><balance>19823</balance><units>NS</units><curCd>USD</curCd><valUSD>1733918</valUSD><pctVal>0.296</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>Magellan Midstream Partners LP</name><lei>MZF5TI8NFVZZNUSKDL39</lei><title>Magellan Midstream Partners LP</title><cusip>559080106</cusip><identifiers><isin value="US5590801065"/><ticker value="MMP US"/><other otherDesc="2723037" value="Sedol"/></identifiers><balance>113346</balance><units>NS</units><curCd>USD</curCd><valUSD>5385068</valUSD><pctVal>0.921</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>Manulife Financial Corp</name><lei>5493007GBX87QOZACS27</lei><title>Manulife Financial Corp</title><cusip>56501R106</cusip><identifiers><isin value="CA56501R1064"/><ticker value="MFC US"/><other otherDesc="2492520" value="Sedol"/></identifiers><balance>225360</balance><units>NS</units><curCd>USD</curCd><valUSD>3531391</valUSD><pctVal>0.604</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>Masco Corp</name><lei>5GCSNMQXHEYA1JO8QN11</lei><title>Masco Corp</title><cusip>574599106</cusip><identifiers><isin value="US5745991068"/><ticker value="MAS US"/><other otherDesc="2570200" value="Sedol"/></identifiers><balance>135743</balance><units>NS</units><curCd>USD</curCd><valUSD>6337841</valUSD><pctVal>1.084</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>McCormick &amp; Co Inc/MD</name><lei>549300JQQA6MQ4OJP259</lei><title>McCormick &amp; Co Inc/MD</title><cusip>579780206</cusip><identifiers><isin value="US5797802064"/><ticker value="MKC US"/><other otherDesc="2550161" value="Sedol"/></identifiers><balance>109788</balance><units>NS</units><curCd>USD</curCd><valUSD>7824591</valUSD><pctVal>1.338</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>Merck &amp; Co Inc</name><lei>4YV9Y5M8S0BRK1RP0397</lei><title>Merck &amp; Co Inc</title><cusip>58933Y105</cusip><identifiers><isin value="US58933Y1055"/><ticker value="MRK US"/><other otherDesc="2778844" value="Sedol"/></identifiers><balance>43284</balance><units>NS</units><curCd>USD</curCd><valUSD>3727618</valUSD><pctVal>0.637</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>MetLife Inc</name><lei>C4BXATY60WC6XEOZDX54</lei><title>MetLife Inc</title><cusip>59156R108</cusip><identifiers><isin value="US59156R1086"/><ticker value="MET US"/><other otherDesc="2573209" value="Sedol"/></identifiers><balance>59300</balance><units>NS</units><curCd>USD</curCd><valUSD>3604254</valUSD><pctVal>0.616</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</title><cusip>609207105</cusip><identifiers><isin value="US6092071058"/><ticker value="MDLZ US"/><other otherDesc="B8CKK03" value="Sedol"/></identifiers><balance>63644</balance><units>NS</units><curCd>USD</curCd><valUSD>3489601</valUSD><pctVal>0.597</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>Nasdaq Inc</name><lei>549300L8X1Q78ERXFD06</lei><title>Nasdaq Inc</title><cusip>631103108</cusip><identifiers><isin value="US6311031081"/><ticker value="NDAQ US"/><other otherDesc="2965107" value="Sedol"/></identifiers><balance>48204</balance><units>NS</units><curCd>USD</curCd><valUSD>2732203</valUSD><pctVal>0.467</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>National Retail Properties Inc</name><lei>5493008JKH5SOTI0JS97</lei><title>National Retail Properties Inc</title><cusip>637417106</cusip><identifiers><isin value="US6374171063"/><ticker value="NNN US"/><other otherDesc="2211811" value="Sedol"/></identifiers><balance>150759</balance><units>NS</units><curCd>USD</curCd><valUSD>6009254</valUSD><pctVal>1.027</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>NetApp Inc</name><lei>QTX3D84DZDD5JYOCYH15</lei><title>NetApp Inc</title><cusip>64110D104</cusip><identifiers><isin value="US64110D1046"/><ticker value="NTAP US"/><other otherDesc="2630643" value="Sedol"/></identifiers><balance>42103</balance><units>NS</units><curCd>USD</curCd><valUSD>2604071</valUSD><pctVal>0.445</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>New York Community Bancorp Inc</name><lei>529900HVXOTLY61GL030</lei><title>New York Community Bancorp Inc</title><cusip>649445103</cusip><identifiers><isin value="US6494451031"/><ticker value="NYCB US"/><other otherDesc="2711656" value="Sedol"/></identifiers><balance>308112</balance><units>NS</units><curCd>USD</curCd><valUSD>2628195</valUSD><pctVal>0.449</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><loanByFundCondition isLoanByFund="Y" loanVal="1987322.4"/></securityLending></invstOrSec><invstOrSec><name>New York Times Co/The</name><lei>529900J1WEMMIW7BOH57</lei><title>New York Times Co</title><cusip>650111107</cusip><identifiers><isin value="US6501111073"/><ticker value="NYT US"/><other otherDesc="2632003" value="Sedol"/></identifiers><balance>97365</balance><units>NS</units><curCd>USD</curCd><valUSD>2799244</valUSD><pctVal>0.479</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>NortonLifeLock Inc</name><lei>YF6ZV0M6AU4FY94MK914</lei><title>NortonLifeLock Inc</title><cusip>668771108</cusip><identifiers><isin value="US6687711084"/><ticker value="NLOK US"/><other otherDesc="BJN4XN5" value="Sedol"/></identifiers><balance>100514</balance><units>NS</units><curCd>USD</curCd><valUSD>2024352</valUSD><pctVal>0.346</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>Omega Healthcare Investors Inc</name><lei>549300OJ7ENK42CZ8E73</lei><title>Omega Healthcare Investors Inc</title><cusip>681936100</cusip><identifiers><isin value="US6819361006"/><ticker value="OHI US"/><other otherDesc="2043274" value="Sedol"/></identifiers><balance>115985</balance><units>NS</units><curCd>USD</curCd><valUSD>3420398</valUSD><pctVal>0.585</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>PG&amp;E Corp</name><lei>8YQ2GSDWYZXO2EDN3511</lei><title>PG&amp;E Corp</title><cusip>69331C108</cusip><identifiers><isin value="US69331C1080"/><ticker value="PCG US"/><other otherDesc="2689560" value="Sedol"/></identifiers><balance>308289</balance><units>NS</units><curCd>USD</curCd><valUSD>3853612</valUSD><pctVal>0.659</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>PPL Corp</name><lei>9N3UAJSNOUXFKQLF3V18</lei><title>PPL Corp</title><cusip>69351T106</cusip><identifiers><isin value="US69351T1060"/><ticker value="PPL US"/><other otherDesc="2680905" value="Sedol"/></identifiers><balance>233088</balance><units>NS</units><curCd>USD</curCd><valUSD>5908781</valUSD><pctVal>1.01</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>Paychex Inc</name><lei>529900K900DW6SUBM174</lei><title>Paychex Inc</title><cusip>704326107</cusip><identifiers><isin value="US7043261079"/><ticker value="PAYX US"/><other otherDesc="2674458" value="Sedol"/></identifiers><balance>24270</balance><units>NS</units><curCd>USD</curCd><valUSD>2723337</valUSD><pctVal>0.466</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>PepsiCo Inc</name><lei>FJSUNZKFNQ5YPJ5OT455</lei><title>PepsiCo Inc</title><cusip>713448108</cusip><identifiers><isin value="US7134481081"/><ticker value="PEP US"/><other otherDesc="2681511" value="Sedol"/></identifiers><balance>22655</balance><units>NS</units><curCd>USD</curCd><valUSD>3698655</valUSD><pctVal>0.632</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>Philip Morris International In</name><lei>HL3H1H2BGXWVG3BSWR90</lei><title>Philip Morris International Inc</title><cusip>718172109</cusip><identifiers><isin value="US7181721090"/><ticker value="PM US"/><other otherDesc="B2PKRQ3" value="Sedol"/></identifiers><balance>59877</balance><units>NS</units><curCd>USD</curCd><valUSD>4970390</valUSD><pctVal>0.85</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>Pinnacle West Capital Corp</name><lei>TWSEY0NEDUDCKS27AH81</lei><title>Pinnacle West Capital Corp</title><cusip>723484101</cusip><identifiers><isin value="US7234841010"/><ticker value="PNW US"/><other otherDesc="2048804" value="Sedol"/></identifiers><balance>52260</balance><units>NS</units><curCd>USD</curCd><valUSD>3371293</valUSD><pctVal>0.576</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>Progressive Corp/The</name><lei>529900TACNVLY9DCR586</lei><title>Progressive Corp/The</title><cusip>743315103</cusip><identifiers><isin value="US7433151039"/><ticker value="PGR US"/><other otherDesc="2705024" value="Sedol"/></identifiers><balance>48889</balance><units>NS</units><curCd>USD</curCd><valUSD>5681391</valUSD><pctVal>0.971</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>Public Service Enterprise Grou</name><lei>PUSS41EMO3E6XXNV3U28</lei><title>Public Service Enterprise Group Inc</title><cusip>744573106</cusip><identifiers><isin value="US7445731067"/><ticker value="PEG US"/><other otherDesc="2707677" value="Sedol"/></identifiers><balance>72251</balance><units>NS</units><curCd>USD</curCd><valUSD>4062674</valUSD><pctVal>0.695</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>Quest Diagnostics Inc</name><lei>8MCWUBXQ0WE04KMXBX50</lei><title>Quest Diagnostics Inc</title><cusip>74834L100</cusip><identifiers><isin value="US74834L1008"/><ticker value="DGX US"/><other otherDesc="2702791" value="Sedol"/></identifiers><balance>28985</balance><units>NS</units><curCd>USD</curCd><valUSD>3556170</valUSD><pctVal>0.608</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>Regions Financial Corp</name><lei>CW05CS5KW59QTC0DG824</lei><title>Regions Financial Corp</title><cusip>7591EP100</cusip><identifiers><isin value="US7591EP1005"/><ticker value="RF US"/><other otherDesc="B01R311" value="Sedol"/></identifiers><balance>169899</balance><units>NS</units><curCd>USD</curCd><valUSD>3409873</valUSD><pctVal>0.583</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>Repligen Corp</name><lei>54930006QJ0T5AUO1E71</lei><title>Repligen Corp</title><cusip>759916109</cusip><identifiers><isin value="US7599161095"/><ticker value="RGEN US"/><other otherDesc="2731654" value="Sedol"/></identifiers><balance>13294</balance><units>NS</units><curCd>USD</curCd><valUSD>2487440</valUSD><pctVal>0.425</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>Royal Bank of Canada</name><lei>ES7IP3U3RHIGC71XBU11</lei><title>Royal Bank of Canada</title><cusip>780087102</cusip><identifiers><isin value="CA7800871021"/><ticker value="RY US"/><other otherDesc="2756196" value="Sedol"/></identifiers><balance>72033</balance><units>NS</units><curCd>USD</curCd><valUSD>6485851</valUSD><pctVal>1.109</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>Ryder System Inc</name><lei>ZXJ6Y2OSPZXIVGRILD15</lei><title>Ryder System Inc</title><cusip>783549108</cusip><identifiers><isin value="US7835491082"/><ticker value="R US"/><other otherDesc="2760669" value="Sedol"/></identifiers><balance>9153</balance><units>NS</units><curCd>USD</curCd><valUSD>690960</valUSD><pctVal>0.118</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>S&amp;P Global Inc</name><lei>Y6X4K52KMJMZE7I7MY94</lei><title>S&amp;P Global Inc</title><cusip>78409V104</cusip><identifiers><isin value="US78409V1044"/><ticker value="SPGI US"/><other otherDesc="BYV2325" value="Sedol"/></identifiers><balance>10272</balance><units>NS</units><curCd>USD</curCd><valUSD>3136555</valUSD><pctVal>0.536</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>Schwab US Large-Cap ETF</name><lei>549300NAZEQOIX80E226</lei><title>Schwab Strategic Trust US LARGE-CAP ETF</title><cusip>808524201</cusip><identifiers><isin value="US8085242019"/><ticker value="SCHX US"/><other otherDesc="B59L0B9" value="Sedol"/></identifiers><balance>259558</balance><units>NS</units><curCd>USD</curCd><valUSD>10992281</valUSD><pctVal>1.879</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>RF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Sempra Energy</name><lei>PBBKGKLRK5S5C0Y4T545</lei><title>Sempra Energy</title><cusip>816851109</cusip><identifiers><isin value="US8168511090"/><ticker value="SRE US"/><other otherDesc="2138158" value="Sedol"/></identifiers><balance>10862</balance><units>NS</units><curCd>USD</curCd><valUSD>1628648</valUSD><pctVal>0.278</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>Service Corp International/US</name><lei>549300RKVM2ME20JHZ15</lei><title>Service Corp International/US</title><cusip>817565104</cusip><identifiers><isin value="US8175651046"/><ticker value="SCI US"/><other otherDesc="2797560" value="Sedol"/></identifiers><balance>48499</balance><units>NS</units><curCd>USD</curCd><valUSD>2800332</valUSD><pctVal>0.479</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>Shockwave Medical Inc</name><lei>549300LDXO56IC5Y1538</lei><title>SHOCKWAVE MEDICAL INC</title><cusip>82489T104</cusip><identifiers><isin value="US82489T1043"/><ticker value="SWAV US"/><other otherDesc="BHLNZ89" value="Sedol"/></identifiers><balance>819</balance><units>NS</units><curCd>USD</curCd><valUSD>227739</valUSD><pctVal>0.039</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>Sirius XM Holdings Inc</name><lei>54930055RWDMVXAGZK98</lei><title>Sirius XM Holdings Inc</title><cusip>82968B103</cusip><identifiers><isin value="US82968B1035"/><ticker value="SIRI US"/><other otherDesc="BGLDK10" value="Sedol"/></identifiers><balance>1427781</balance><units>NS</units><curCd>USD</curCd><valUSD>8148642</valUSD><pctVal>1.393</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><loanByFundCondition isLoanByFund="Y" loanVal="6189426.3"/></securityLending></invstOrSec><invstOrSec><name>A O Smith Corp</name><lei>549300XG4US7UJNECY36</lei><title>AO Smith Corp</title><cusip>831865209</cusip><identifiers><isin value="US8318652091"/><ticker value="AOS US"/><other otherDesc="2816023" value="Sedol"/></identifiers><balance>88986</balance><units>NS</units><curCd>USD</curCd><valUSD>4322940</valUSD><pctVal>0.739</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>J M Smucker Co/The</name><lei>5493000WDH6A0LHDJD55</lei><title>JM Smucker Co</title><cusip>832696405</cusip><identifiers><isin value="US8326964058"/><ticker value="SJM US"/><other otherDesc="2951452" value="Sedol"/></identifiers><balance>26987</balance><units>NS</units><curCd>USD</curCd><valUSD>3708284</valUSD><pctVal>0.634</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>Southern Co/The</name><lei>549300FC3G3YU2FBZD92</lei><title>Southern Co</title><cusip>842587107</cusip><identifiers><isin value="US8425871071"/><ticker value="SO US"/><other otherDesc="2829601" value="Sedol"/></identifiers><balance>72958</balance><units>NS</units><curCd>USD</curCd><valUSD>4961144</valUSD><pctVal>0.848</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>Starwood Property Trust Inc</name><lei>BUGSFQZERKRBFWIG5267</lei><title>Starwood Property Trust Inc</title><cusip>85571B105</cusip><identifiers><isin value="US85571B1052"/><ticker value="STWD US"/><other otherDesc="B3PQ520" value="Sedol"/></identifiers><balance>299314</balance><units>NS</units><curCd>USD</curCd><valUSD>5453501</valUSD><pctVal>0.932</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>STORE Capital Corp</name><lei>5493004EA6C9IHDZ7N66</lei><title>STORE Capital Corp</title><cusip>862121100</cusip><identifiers><isin value="US8621211007"/><ticker value="STOR US"/><other otherDesc="BSKRKJ5" value="Sedol"/></identifiers><balance>247969</balance><units>NS</units><curCd>USD</curCd><valUSD>7768869</valUSD><pctVal>1.328</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>Stryker Corp</name><lei>5493002F0SC4JTBU5137</lei><title>Stryker Corp</title><cusip>863667101</cusip><identifiers><isin value="US8636671013"/><ticker value="SYK US"/><other otherDesc="2853688" value="Sedol"/></identifiers><balance>16460</balance><units>NS</units><curCd>USD</curCd><valUSD>3333808</valUSD><pctVal>0.57</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>Synopsys Inc</name><lei>QG7T915N9S0NY5UKNE63</lei><title>Synopsys Inc</title><cusip>871607107</cusip><identifiers><isin value="US8716071076"/><ticker value="SNPS US"/><other otherDesc="2867719" value="Sedol"/></identifiers><balance>1287</balance><units>NS</units><curCd>USD</curCd><valUSD>393191</valUSD><pctVal>0.067</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>Sysco Corp</name><lei>5RGWIFLMGH3YS7KWI652</lei><title>Sysco Corp</title><cusip>871829107</cusip><identifiers><isin value="US8718291078"/><ticker value="SYY US"/><other otherDesc="2868165" value="Sedol"/></identifiers><balance>36685</balance><units>NS</units><curCd>USD</curCd><valUSD>2593996</valUSD><pctVal>0.443</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>TC Energy Corp</name><lei>549300UGKOFV2IWJJG27</lei><title>TC Energy Corp</title><cusip>87807B107</cusip><identifiers><isin value="CA87807B1076"/><ticker value="TRP CN"/><other otherDesc="BJMY6F9" value="Sedol"/></identifiers><balance>62685</balance><units>NS</units><curCd>USD</curCd><valUSD>2525579</valUSD><pctVal>0.432</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CA</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><loanByFundCondition isLoanByFund="Y" loanVal="1938345.99"/></securityLending></invstOrSec><invstOrSec><name>Texas Roadhouse Inc</name><lei>5299002Y1CNRPDGXTQ75</lei><title>Texas Roadhouse Inc</title><cusip>882681109</cusip><identifiers><isin value="US8826811098"/><ticker value="TXRH US"/><other otherDesc="B033TJ7" value="Sedol"/></identifiers><balance>33915</balance><units>NS</units><curCd>USD</curCd><valUSD>2959423</valUSD><pctVal>0.506</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>Toronto-Dominion Bank/The</name><lei>PT3QB789TSUIDF371261</lei><title>Toronto-Dominion Bank</title><cusip>891160509</cusip><identifiers><isin value="CA8911605092"/><ticker value="TD US"/><other otherDesc="2042516" value="Sedol"/></identifiers><balance>55650</balance><units>NS</units><curCd>USD</curCd><valUSD>3413014</valUSD><pctVal>0.583</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><loanByFundCondition isLoanByFund="Y" loanVal="1859100"/></securityLending></invstOrSec><invstOrSec><name>Travelers Cos Inc/The</name><lei>549300Y650407RU8B149</lei><title>Travelers Cos Inc</title><cusip>89417E109</cusip><identifiers><isin value="US89417E1091"/><ticker value="TRV US"/><other otherDesc="2769503" value="Sedol"/></identifiers><balance>23081</balance><units>NS</units><curCd>USD</curCd><valUSD>3536009</valUSD><pctVal>0.605</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>Janus Capital Group Inc</name><lei>8T2ZO87FU1KVPZIG9I59</lei><title>Janus Henderson Cash Liquidity Fund</title><cusip>N/A</cusip><identifiers><isin value="DU0000100962"/></identifiers><balance>681038</balance><units>NS</units><curCd>USD</curCd><valUSD>681106</valUSD><pctVal>0.116</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Janus Henderson Cash Collateral Fund</name><lei>N/A</lei><title>Janus Henderson Cash Collateral Fund</title><cusip>N/A</cusip><identifiers><other otherDesc="896" value="Internal ID"/></identifiers><balance>17449315</balance><units>NS</units><curCd>USD</curCd><valUSD>17449315</valUSD><pctVal>2.983</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><cashCollateralCondition cashCollateralVal="17449315" isCashCollateral="Y"/><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Truist Financial Corp</name><lei>549300DRQQI75D2JP341</lei><title>Truist Financial Corp</title><cusip>89832Q109</cusip><identifiers><isin value="US89832Q1094"/><ticker value="TFC US"/><other otherDesc="BKP7287" value="Sedol"/></identifiers><balance>118037</balance><units>NS</units><curCd>USD</curCd><valUSD>5139331</valUSD><pctVal>0.879</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>Tyson Foods Inc</name><lei>WD6L6041MNRW1JE49D58</lei><title>Tyson Foods Inc</title><cusip>902494103</cusip><identifiers><isin value="US9024941034"/><ticker value="TSN US"/><other otherDesc="2909730" value="Sedol"/></identifiers><balance>40899</balance><units>NS</units><curCd>USD</curCd><valUSD>2696471</valUSD><pctVal>0.461</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>US Bancorp</name><lei>N1GZ7BBF3NP8GI976H15</lei><title>US Bancorp</title><cusip>902973304</cusip><identifiers><isin value="US9029733048"/><ticker value="USB US"/><other otherDesc="2736035" value="Sedol"/></identifiers><balance>85434</balance><units>NS</units><curCd>USD</curCd><valUSD>3444699</valUSD><pctVal>0.589</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>US Foods Holding Corp</name><lei>549300UGOZSO64CFPR97</lei><title>US Foods Holding Corp</title><cusip>912008109</cusip><identifiers><isin value="US9120081099"/><ticker value="USFD US"/><other otherDesc="BYVFC94" value="Sedol"/></identifiers><balance>96695</balance><units>NS</units><curCd>USD</curCd><valUSD>2556616</valUSD><pctVal>0.437</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>Verizon Communications Inc</name><lei>2S72QS2UO2OESLG6Y829</lei><title>Verizon Communications Inc</title><cusip>92343V104</cusip><identifiers><isin value="US92343V1044"/><ticker value="VZ US"/><other otherDesc="2090571" value="Sedol"/></identifiers><balance>136752</balance><units>NS</units><curCd>USD</curCd><valUSD>5192473</valUSD><pctVal>0.888</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>Vertex Pharmaceuticals Inc</name><lei>54930015RAQRRZ5ZGJ91</lei><title>Vertex Pharmaceuticals Inc</title><cusip>92532F100</cusip><identifiers><isin value="US92532F1003"/><ticker value="VRTX US"/><other otherDesc="2931034" value="Sedol"/></identifiers><balance>13002</balance><units>NS</units><curCd>USD</curCd><valUSD>3764599</valUSD><pctVal>0.644</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>VICI Properties Inc</name><lei>254900RKH6RY9KCJQH63</lei><title>VICI Properties Inc</title><cusip>925652109</cusip><identifiers><isin value="US9256521090"/><ticker value="VICI US"/><other otherDesc="BYWH073" value="Sedol"/></identifiers><balance>210153</balance><units>NS</units><curCd>USD</curCd><valUSD>6273067</valUSD><pctVal>1.072</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>Vistra Corp</name><lei>549300KP43CPCUJOOG15</lei><title>Vistra Energy Corp</title><cusip>92840M102</cusip><identifiers><isin value="US92840M1027"/><ticker value="VST US"/><other otherDesc="BZ8VJQ8" value="Sedol"/></identifiers><balance>272585</balance><units>NS</units><curCd>USD</curCd><valUSD>5724285</valUSD><pctVal>0.979</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>WP Carey Inc</name><lei>54930042CRNE713E3Q67</lei><title>WP Carey Inc</title><cusip>92936U109</cusip><identifiers><isin value="US92936U1097"/><ticker value="WPC US"/><other otherDesc="B826YT8" value="Sedol"/></identifiers><balance>46909</balance><units>NS</units><curCd>USD</curCd><valUSD>3274248</valUSD><pctVal>0.56</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>Wendy's Co/The</name><lei>529900M0JIUCMWVKHG76</lei><title>Wendy's Co</title><cusip>95058W100</cusip><identifiers><isin value="US95058W1009"/><ticker value="WEN US"/><other otherDesc="B3NXMJ9" value="Sedol"/></identifiers><balance>431992</balance><units>NS</units><curCd>USD</curCd><valUSD>8073930</valUSD><pctVal>1.38</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>WestRock Co</name><lei>5493004Z9TCQW68YVL89</lei><title>WestRock Co</title><cusip>96145D105</cusip><identifiers><isin value="US96145D1054"/><ticker value="WRK US"/><other otherDesc="BYR0914" value="Sedol"/></identifiers><balance>74628</balance><units>NS</units><curCd>USD</curCd><valUSD>2305259</valUSD><pctVal>0.394</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>Weyerhaeuser Co</name><lei>08IRJODWFYBI7QWRGS31</lei><title>Weyerhaeuser Co</title><cusip>962166104</cusip><identifiers><isin value="US9621661043"/><ticker value="WY US"/><other otherDesc="2958936" value="Sedol"/></identifiers><balance>203412</balance><units>NS</units><curCd>USD</curCd><valUSD>5809447</valUSD><pctVal>0.993</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>Williams Cos Inc/The</name><lei>D71FAKCBLFS2O0RBPG08</lei><title>Williams Cos Inc</title><cusip>969457100</cusip><identifiers><isin value="US9694571004"/><ticker value="WMB US"/><other otherDesc="2967181" value="Sedol"/></identifiers><balance>112664</balance><units>NS</units><curCd>USD</curCd><valUSD>3225570</valUSD><pctVal>0.551</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>Xcel Energy Inc</name><lei>LGJNMI9GH8XIDG5RCM61</lei><title>Xcel Energy Inc</title><cusip>98389B100</cusip><identifiers><isin value="US98389B1008"/><ticker value="XEL US"/><other otherDesc="2614807" value="Sedol"/></identifiers><balance>24647</balance><units>NS</units><curCd>USD</curCd><valUSD>1577408</valUSD><pctVal>0.27</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>Yum! Brands Inc</name><lei>549300JE8XHZZ7OHN517</lei><title>Yum! Brands Inc</title><cusip>988498101</cusip><identifiers><isin value="US9884981013"/><ticker value="YUM US"/><other otherDesc="2098876" value="Sedol"/></identifiers><balance>26355</balance><units>NS</units><curCd>USD</curCd><valUSD>2802591</valUSD><pctVal>0.479</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>Zions Bancorp NA</name><lei>8WH0EE09O9V05QJZ3V89</lei><title>Zions Bancorp NA</title><cusip>989701107</cusip><identifiers><isin value="US9897011071"/><ticker value="ZION US"/><other otherDesc="2989828" value="Sedol"/></identifiers><balance>12412</balance><units>NS</units><curCd>USD</curCd><valUSD>631274</valUSD><pctVal>0.108</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>Atlantica Sustainable Infrastr</name><lei>549300ITBBGKJ651R879</lei><title>Atlantica Sustainable Infrastructure PLC COM USD0.1</title><cusip>G00349103</cusip><identifiers><isin value="GB00BLP5YB54"/><ticker value="AY US"/><other otherDesc="BLP5YB5" value="Sedol"/></identifiers><balance>56700</balance><units>NS</units><curCd>USD</curCd><valUSD>1491210</valUSD><pctVal>0.255</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>Eaton Corp PLC</name><lei>549300VDIGTMXUNT7H71</lei><title>Eaton Corp PLC</title><cusip>G29183103</cusip><identifiers><isin value="IE00B8KQN827"/><ticker value="ETN US"/><other otherDesc="B8KQN82" value="Sedol"/></identifiers><balance>20936</balance><units>NS</units><curCd>USD</curCd><valUSD>2792025</valUSD><pctVal>0.477</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>Johnson Controls International</name><lei>549300XQ6S1GYKGBL205</lei><title>Johnson Controls International plc</title><cusip>G51502105</cusip><identifiers><isin value="IE00BY7QL619"/><ticker value="JCI US"/><other otherDesc="BY7QL61" value="Sedol"/></identifiers><balance>121536</balance><units>NS</units><curCd>USD</curCd><valUSD>5982002</valUSD><pctVal>1.023</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>Willis Towers Watson PLC</name><lei>549300WHC56FF48KL350</lei><title>Willis Towers Watson PLC</title><cusip>G96629103</cusip><identifiers><isin value="IE00BDB6Q211"/><ticker value="WTW US"/><other otherDesc="BDB6Q21" value="Sedol"/></identifiers><balance>17745</balance><units>NS</units><curCd>USD</curCd><valUSD>3565680</valUSD><pctVal>0.61</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>Alcon Inc</name><lei>549300LDT5AP8S0NBM78</lei><title>Alcon Inc</title><cusip>H01301128</cusip><identifiers><isin value="CH0432492467"/><ticker value="ALC US"/><other otherDesc="BJXBP41" value="Sedol"/></identifiers><balance>44224</balance><units>NS</units><curCd>USD</curCd><valUSD>2572952</valUSD><pctVal>0.44</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>Chubb Ltd</name><lei>E0JAN6VLUDI1HITHT809</lei><title>Chubb Ltd</title><cusip>H1467J104</cusip><identifiers><isin value="CH0044328745"/><ticker value="CB US"/><other otherDesc="B3BQMF6" value="Sedol"/></identifiers><balance>36317</balance><units>NS</units><curCd>USD</curCd><valUSD>6605336</valUSD><pctVal>1.129</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>Garmin Ltd</name><lei>2549001E0HIPIJQ0W046</lei><title>Garmin Ltd</title><cusip>H2906T109</cusip><identifiers><isin value="CH0114405324"/><ticker value="GRMN US"/><other otherDesc="B3Z5T14" value="Sedol"/></identifiers><balance>33251</balance><units>NS</units><curCd>USD</curCd><valUSD>2670388</valUSD><pctVal>0.457</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>Check Point Software Technolog</name><lei>2549003ZVBH73EPNS513</lei><title>Check Point Software Technologies Ltd</title><cusip>M22465104</cusip><identifiers><isin value="IL0010824113"/><ticker value="CHKP US"/><other otherDesc="2181334" value="Sedol"/></identifiers><balance>24999</balance><units>NS</units><curCd>USD</curCd><valUSD>2800388</valUSD><pctVal>0.479</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>LyondellBasell Industries NV</name><lei>BN6WCCZ8OVP3ITUUVN49</lei><title>LyondellBasell Industries NV</title><cusip>N53745100</cusip><identifiers><isin value="NL0009434992"/><ticker value="LYB US"/><other otherDesc="B3SPXZ3" value="Sedol"/></identifiers><balance>44730</balance><units>NS</units><curCd>USD</curCd><valUSD>3367274</valUSD><pctVal>0.576</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></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>2022-11-14</ncom:dateSigned><ncom:nameOfApplicant>JANUS INVESTMENT FUND</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></formData><documents>XXXX</documents></edgarSubmission>
