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        <name>Oracle Corp.</name>
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        <name>Walgreens Boots Alliance, Inc.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <name>Monster Beverage Corp.</name>
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        <name>Sanrio Co. Ltd.</name>
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        <name>Cadence Design Systems, Inc.</name>
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        <name>Lam Research Corp.</name>
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        <name>Euronext NV</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Alphabet, Inc.</name>
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        <name>Brinker International, Inc.</name>
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        <name>Experian plc</name>
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        <name>United Therapeutics Corp.</name>
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        <name>Walmart, Inc.</name>
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        <name>Valero Energy Corp.</name>
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        <name>Waste Management, Inc.</name>
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        <name>Canadian Natural Resources Ltd.</name>
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        <name>N/A</name>
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        <name>Muenchener Rueckversicherungs-Gesellschaft AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kyndryl Holdings, Inc.</name>
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        <name>Meritage Homes Corp.</name>
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        <name>N/A</name>
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        <name>NVIDIA Corp.</name>
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        <name>Mirvac Group</name>
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        <name>Equifax, Inc.</name>
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        <name>PG&amp;E Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Daiwa House Industry Co. Ltd.</name>
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        <name>BioMarin Pharmaceutical, Inc.</name>
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        <name>Ovintiv, Inc.</name>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <name>Sea Ltd.</name>
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        <name>Credo Technology Group Holding Ltd.</name>
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        <name>Fairfax Financial Holdings Ltd.</name>
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      <invstOrSec>
        <name>Trelleborg AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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              <indexBasketInfo>
                <indexName>S&amp;P 500 Total Return Index</indexName>
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      <invstOrSec>
        <name>Antofagasta plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NVR, Inc.</name>
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          <isin value="US62944T1051"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Doximity, Inc.</name>
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          <isin value="US26622P1075"/>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <isin value="DE000F1NGF53"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NN Group NV</name>
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        <name>Tokyu Fudosan Holdings Corp.</name>
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        <title>Tokyu Fudosan Holdings Corp.</title>
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          <isin value="JP3569200003"/>
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        <fairValLevel>2</fairValLevel>
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        <name>KLA Corp.</name>
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        <title>KLA Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ENEOS Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Futu Holdings Ltd.</name>
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        <title>Futu Holdings Ltd.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BJ's Wholesale Club Holdings, Inc.</name>
        <lei>549300UCIWH1C93V0J03</lei>
        <title>BJ's Wholesale Club Holdings, Inc.</title>
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        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp.</title>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Future Ticker" value="WNU5 Comdty"/>
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        <name>Danaher Corp.</name>
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        <name>Informa plc</name>
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        <name>Intel Corp.</name>
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        <name>Intuit, Inc.</name>
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        <title>Intuit, Inc.</title>
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      <invstOrSec>
        <name>International Business Machines Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>N/A</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDEF5F98"/>
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              <counterpartyName>Bank of America</counterpartyName>
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      <invstOrSec>
        <name>Fidelity National Financial, Inc.</name>
        <lei>549300CAZYIH39SYQ287</lei>
        <title>Fidelity National Financial, Inc., Class A</title>
        <cusip>31620R303</cusip>
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          <isin value="US31620R3030"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="BYDKM9H21"/>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Snowflake, Inc.</name>
        <lei>254900CJNSY1K7T53Z16</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Sanofi SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi SA</title>
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        <invCountry>FR</invCountry>

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      <invstOrSec>
        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp.</title>
        <cusip>78410G104</cusip>
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          <isin value="US78410G1040"/>
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      <invstOrSec>
        <name>Frontier Communications Parent, Inc.</name>
        <lei>N/A</lei>
        <title>Frontier Communications Parent, Inc.</title>
        <cusip>35909D109</cusip>
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        <name>ABIOMED, Inc.</name>
        <lei>5493001EZN4ZTB4Z5887</lei>
        <title>ABIOMED, Inc., CVR</title>
        <cusip>003CVR016</cusip>
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      <invstOrSec>
        <name>Japan Post Bank Co. Ltd.</name>
        <lei>5493006JVO6N2HC2XZ76</lei>
        <title>Japan Post Bank Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3946750001"/>
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        <balance>3700.00000000</balance>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSK plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mettler-Toledo International, Inc.</name>
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        <name>Apple, Inc.</name>
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        <name>ResMed, Inc.</name>
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        <name>Daito Trust Construction Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Moody's Corp.</name>
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        <name>British American Tobacco plc</name>
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        <title>British American Tobacco plc</title>
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        <name>Check Point Software Technologies Ltd.</name>
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        <name>Expand Energy Corp.</name>
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        <name>N/A</name>
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        <title>Canada 10-Year Bonds</title>
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        <name>DoorDash, Inc.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Recruit Holdings Co. Ltd.</name>
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        <name>Southwest Airlines Co.</name>
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        <name>Fair Isaac Corp.</name>
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        <name>Gartner, Inc.</name>
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        <name>BlackRock Funds III</name>
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      <invstOrSec>
        <name>AP Moller - Maersk A/S</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>EssilorLuxottica SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="FVU520257"/>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="438353"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Spotify Technology SA</name>
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          <isin value="LU1778762911"/>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Kroger Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allstate Corp. (The)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Argenx SE</name>
        <lei>7245009C5FZE6G9ODQ71</lei>
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      <invstOrSec>
        <name>Digital Realty Trust, Inc.</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust, Inc.</title>
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        <name>Camden Property Trust</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>Camden Property Trust</title>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>Johnson &amp; Johnson</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Mastercard, Inc.</name>
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        <name>Barclays plc</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XP, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pfizer, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BNP Paribas SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Confluent, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <isin value="FREX00933454"/>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="443440"/>
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      <invstOrSec>
        <name>Shopify, Inc.</name>
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          <isin value="CA82509L1076"/>
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      <invstOrSec>
        <name>N/A</name>
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        <name>Ally Financial, Inc.</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="439263"/>
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        <name>Industria de Diseno Textil SA</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp.</name>
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        <name>N/A</name>
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        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
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      <invstOrSec>
        <name>United Parcel Service, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MS&amp;AD Insurance Group Holdings, Inc.</name>
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        <name>Thales SA</name>
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      <invstOrSec>
        <name>TopBuild Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UBS Group AG</name>
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        <name>Marvell Technology, Inc.</name>
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        <name>Simon Property Group, Inc.</name>
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        <name>Hexagon AB</name>
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        <name>Severn Trent plc</name>
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        <name>US Foods Holding Corp.</name>
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        <name>Chord Energy Corp.</name>
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        <name>Eni SpA</name>
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        <name>Aramark</name>
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        <name>Publicis Groupe SA</name>
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        <name>Dutch Bros, Inc.</name>
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        <name>Assurant, Inc.</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>Assurant, Inc.</title>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <name>Globe Life, Inc.</name>
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        <name>KKR &amp; Co., Inc.</name>
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        <name>RELX plc</name>
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        <name>NU Holdings Ltd.</name>
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        <name>Pro Medicus Ltd.</name>
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        <name>Paylocity Holding Corp.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Airbus SE</name>
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        <name>Jones Lang LaSalle, Inc.</name>
        <lei>6SYKCME112RT8TQUO411</lei>
        <title>Jones Lang LaSalle, Inc.</title>
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        <name>Daiichi Sankyo Co. Ltd.</name>
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        <title>Daiichi Sankyo Co. Ltd.</title>
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        <name>Schneider Electric SE</name>
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        <name>Tokyo Electron Ltd.</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>Rheinmetall AG</name>
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        <name>VeriSign, Inc.</name>
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        <name>Hermes International SCA</name>
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        <name>Viking Holdings Ltd.</name>
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        <name>Chipotle Mexican Grill, Inc.</name>
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      <invstOrSec>
        <name>Ralph Lauren Corp.</name>
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        <name>N/A</name>
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        <name>Sysco Corp.</name>
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        <name>MarketAxess Holdings, Inc.</name>
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        <name>Universal Health Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Swissquote Group Holding SA</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Ventas, Inc.</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>Eurofins Scientific SE</title>
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        <invCountry>LU</invCountry>
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        <name>Iberdrola SA</name>
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        <name>Cie Financiere Richemont SA</name>
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        <name>AddTech AB</name>
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        <name>Kyocera Corp.</name>
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        <name>N/A</name>
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        <name>Natera, Inc.</name>
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        <title>Natera, Inc.</title>
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        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI, Inc.</title>
        <cusip>55354G100</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Snam SpA</name>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>3i Group plc</name>
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        <title>3i Group plc</title>
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          <isin value="GB00B1YW4409"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moncler SpA</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>Moncler SpA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0004965148"/>
          <other otherDesc="Inhouse Asset ID" value="BRSLDZW15"/>
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        <balance>645.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BP plc</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB0007980591"/>
          <other otherDesc="Inhouse Asset ID" value="S07980592"/>
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        <balance>36406.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="BYDFZV0X9"/>
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        <balance>42000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Airbnb, Inc.</name>
        <lei>549300HMUDNO0RY56D37</lei>
        <title>Airbnb, Inc., Class A</title>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <title>NDIRS</title>
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      <invstOrSec>
        <name>Singapore Telecommunications Ltd.</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>Singapore Telecommunications Ltd.</title>
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          <isin value="SG1T75931496"/>
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        <name>Axon Enterprise, Inc.</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>Axon Enterprise, Inc.</title>
        <cusip>05464C101</cusip>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10-Year Note</title>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <name>Darden Restaurants, Inc.</name>
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        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invesco Ltd.</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>Invesco Ltd.</title>
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          <isin value="BMG491BT1088"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
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          <isin value="US35137L2043"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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          <isin value="US11135F1012"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McKesson Corp.</name>
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        <title>McKesson Corp.</title>
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          <isin value="US58155Q1031"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Teradata Corp.</name>
        <lei>549300JU9SOUHV4U4R71</lei>
        <title>Teradata Corp.</title>
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          <isin value="US88076W1036"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANSYS, Inc.</name>
        <lei>549300VJV8H15Z5FJ571</lei>
        <title>ANSYS, Inc.</title>
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          <isin value="US03662Q1058"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Sarepta Therapeutics, Inc.</name>
        <lei>549300IKDPIED8J8IG21</lei>
        <title>Sarepta Therapeutics, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Societe Generale SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000130809"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABB Ltd.</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB Ltd. (Registered)</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>London Stock Exchange Group plc</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>London Stock Exchange Group plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB00B0SWJX34"/>
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        <invCountry>GB</invCountry>
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        <name>BAE Systems plc</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE Systems plc</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="436920"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <name>Alaska Air Group, Inc.</name>
        <lei>529900G48RT4KWLC6C27</lei>
        <title>Alaska Air Group, Inc.</title>
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        <name>N/A</name>
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        <title>NDIRS</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Medtronic plc</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic plc</title>
        <cusip>N/A</cusip>
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          <isin value="IE00BTN1Y115"/>
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        <balance>709.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61803.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MSCI EAFE Index</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="MFSU52024"/>
          <other otherDesc="Future Ticker" value="MFSU5 Index"/>
        </identifiers>
        <balance>34.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>59020.42000000</valUSD>
        <pctVal>0.038861140233</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MSCI EAFE E-Mini Index</indexName>
                <indexIdentifier>MSDUEAFE Index</indexIdentifier>
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            <expDate>2025-09-19</expDate>
            <notionalAmt>4558890.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>59020.42000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Holdings, Inc.</name>
        <lei>98450079DA0B78DD6764</lei>
        <title>United Airlines Holdings, Inc.</title>
        <cusip>910047109</cusip>
        <identifiers>
          <isin value="US9100471096"/>
          <other otherDesc="Inhouse Asset ID" value="910047109"/>
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        <balance>2425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193102.75000000</valUSD>
        <pctVal>0.127145707321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <isin value="US14040H1059"/>
          <other otherDesc="Inhouse Asset ID" value="14040H105"/>
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        <balance>165.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35105.40000000</valUSD>
        <pctVal>0.023114641887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
        <cusip>22160K105</cusip>
        <identifiers>
          <isin value="US22160K1051"/>
          <other otherDesc="Inhouse Asset ID" value="22160K105"/>
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        <balance>1162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1150310.28000000</valUSD>
        <pctVal>0.757405133740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="Z96ZAV0E1"/>
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        <balance>56113462.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335243.15000000</valUSD>
        <pctVal>0.220735993823</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>ICE Clear US</counterpartyName>
              <counterpartyLei>549300HWWR1D8OTS2G29</counterpartyLei>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Markit CDX North American Investment Grade Index Series 44-V1</indexName>
                <indexIdentifier>2I65BYEH4</indexIdentifier>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">Payout of notional amount upon default event with regard to the reference instrument</otherPmntDesc>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>56113462.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>335243.15000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDGNF205"/>
        </identifiers>
        <balance>68000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="TWD" exchangeRt="29.21200000"/>
        <valUSD>-42236.99000000</valUSD>
        <pctVal>-0.02781033397</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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            <swapFlag>Y</swapFlag>
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                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Month" resetDtUnit="3"/>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="1.86800000"/>
            <terminationDt>2030-09-17</terminationDt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>68000000.00000000</notionalAmt>
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            <unrealizedAppr>-42236.99000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDFA5AY0"/>
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        <balance>12000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="18.76450000"/>
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        <pctVal>0.010547689104</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="TIIEOIS" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2030-09-11</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <unrealizedAppr>16019.32000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDFSZJU4"/>
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        <balance>12000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
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        <pctVal>0.107780743718</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="EURIBOR" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="6" resetDt="Month" resetDtUnit="6"/>
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            <terminationDt>2030-09-17</terminationDt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>12000000.00000000</notionalAmt>
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            <unrealizedAppr>163692.18000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Ltd.</name>
        <lei>529900GMNDOYQSAJAE76</lei>
        <title>Sekisui House Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3420600003"/>
          <other otherDesc="Inhouse Asset ID" value="S67939066"/>
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        <balance>5600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="144.00500000"/>
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        <pctVal>0.081153703949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASML Holding NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <other otherDesc="Inhouse Asset ID" value="BRSGBFS74"/>
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        <balance>511.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893246"/>
        <valUSD>409483.13000000</valUSD>
        <pctVal>0.269618232779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VF Corp.</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF Corp.</title>
        <cusip>918204108</cusip>
        <identifiers>
          <isin value="US9182041080"/>
          <other otherDesc="Inhouse Asset ID" value="918204108"/>
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        <balance>1093.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12842.75000000</valUSD>
        <pctVal>0.008456122622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aon plc</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon plc, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
          <other otherDesc="Inhouse Asset ID" value="SBLP1HW54"/>
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        <balance>149.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53157.24000000</valUSD>
        <pctVal>0.035000614331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
          <other otherDesc="Inhouse Asset ID" value="718172109"/>
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        <balance>3180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>579173.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Qantas Airways Ltd.</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>Qantas Airways Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000QAN2"/>
          <other otherDesc="Inhouse Asset ID" value="S67103473"/>
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        <balance>9063.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.51941046"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="437029"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>1803.79000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Barclays Bank</counterpartyName>
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            <settlementDt>2025-09-17</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AP Moller - Maersk A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller - Maersk A/S, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010244425"/>
          <other otherDesc="Inhouse Asset ID" value="S42530592"/>
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        <balance>14.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.33375000"/>
        <valUSD>25829.45000000</valUSD>
        <pctVal>0.017007027035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Carnival Corp.</name>
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        <title>Carnival Corp.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="437137"/>
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        <curCd>N/A</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Robert Half, Inc.</name>
        <lei>529900VPCUY9H3HLIC08</lei>
        <title>Robert Half, Inc.</title>
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          <isin value="US7703231032"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alnylam Pharmaceuticals, Inc.</name>
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        <title>Alnylam Pharmaceuticals, Inc.</title>
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          <isin value="US02043Q1076"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd.</title>
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          <isin value="SG1L01001701"/>
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        <balance>3200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reckitt Benckiser Group plc</name>
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        <title>Reckitt Benckiser Group plc</title>
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          <isin value="GB00B24CGK77"/>
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        <balance>1408.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canon, Inc.</name>
        <lei>529900JH1GSC035SSP77</lei>
        <title>Canon, Inc.</title>
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          <isin value="JP3242800005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palantir Technologies, Inc.</name>
        <lei>549300UVN46B3BBDHO85</lei>
        <title>Palantir Technologies, Inc., Class A</title>
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          <isin value="US69608A1088"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marriott Vacations Worldwide Corp.</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>Marriott Vacations Worldwide Corp.</title>
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          <isin value="US57164Y1073"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kingspan Group plc</name>
        <lei>635400HM7V74SUB9OG75</lei>
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        <invCountry>IE</invCountry>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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          <isin value="IT0000072618"/>
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        <balance>71593.00000000</balance>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Invitation Homes, Inc.</name>
        <lei>N/A</lei>
        <title>Invitation Homes, Inc.</title>
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          <isin value="US46187W1071"/>
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        <balance>8004.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arch Capital Group Ltd.</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG0450A1053"/>
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        <balance>868.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="436902"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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              <counterpartyName>HSBC Bank</counterpartyName>
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      <invstOrSec>
        <name>GoDaddy, Inc.</name>
        <lei>549300J8H1TB0I2CB447</lei>
        <title>GoDaddy, Inc., Class A</title>
        <cusip>380237107</cusip>
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          <isin value="US3802371076"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Insurance Australia Group Ltd.</name>
        <lei>549300PFEWKNHRG25N08</lei>
        <title>Insurance Australia Group Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000IAG3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fortinet, Inc.</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>Fortinet, Inc.</title>
        <cusip>34959E109</cusip>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Otsuka Corp.</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>Otsuka Corp.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
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        <name>Brookfield Infrastructure Corp.</name>
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        <name>Sunrise Communications AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LY Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>WPP plc</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>Starbucks Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>George Weston Ltd.</name>
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        <title>Vertex Pharmaceuticals, Inc.</title>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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      <invstOrSec>
        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FirstService Corp.</name>
        <lei>5493000XUDIV75BCF118</lei>
        <title>FirstService Corp.</title>
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          <isin value="CA33767E2024"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Schroders plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="443787"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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        <name>National Grid plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wix.com Ltd.</name>
        <lei>5493008P6N29Q1AG9464</lei>
        <title>Wix.com Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Allianz SE</name>
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        <title>Allianz SE (Registered)</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Edenred SE</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Penumbra, Inc.</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>Chevron Corp.</name>
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        <name>N/A</name>
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        <name>Credit Agricole SA</name>
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        <name>Atlassian Corp.</name>
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        <name>Target Corp.</name>
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        <name>SGS SA</name>
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        <name>Twilio, Inc.</name>
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        <name>Insulet Corp.</name>
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        <name>N/A</name>
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        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
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        <name>ConocoPhillips</name>
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      <invstOrSec>
        <name>ANZ Group Holdings Ltd.</name>
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        <name>Houlihan Lokey, Inc.</name>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flex Ltd.</name>
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        <title>Flex Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE</title>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lehman Brothers Holdings, Inc.</name>
        <lei>549300FDK6ZP3YIHRJ47</lei>
        <title>Lehman Brothers Holdings, Inc.</title>
        <cusip>N/A</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
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      <invstOrSec>
        <name>Broadridge Financial Solutions, Inc.</name>
        <lei>549300KZDJZQ2YIHRC28</lei>
        <title>Broadridge Financial Solutions, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Southern Copper Corp.</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp.</title>
        <cusip>84265V105</cusip>
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          <isin value="US84265V1052"/>
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      <invstOrSec>
        <name>Shell plc</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell plc</title>
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        <name>Lennar Corp.</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>Lennar Corp., Class A</title>
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        <name>Var Energi ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>Var Energi ASA</title>
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          <isin value="NO0011202772"/>
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        <balance>7134.00000000</balance>
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        <invCountry>NO</invCountry>
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        <name>Berkeley Group Holdings plc</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>Berkeley Group Holdings plc</title>
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        <name>N/A</name>
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      <invstOrSec>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Tohoku Electric Power Co., Inc.</name>
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      <invstOrSec>
        <name>Tokio Marine Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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                <indexName>Markit CDX North American High Yield Index Series 44-V1</indexName>
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      <invstOrSec>
        <name>Guidewire Software, Inc.</name>
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        <title>Guidewire Software, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tokyo Tatemono Co. Ltd.</name>
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        <title>Tokyo Tatemono Co. Ltd.</title>
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          <isin value="JP3582600007"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Genmab A/S</name>
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          <isin value="DK0010272202"/>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Janus Henderson Group plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDLYLF70"/>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>SS&amp;C Technologies Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Terumo Corp.</name>
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        <title>Terumo Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Welltower, Inc.</name>
        <lei>254900F33BIAR82QTA19</lei>
        <title>Welltower, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>AppLovin Corp.</name>
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        <name>Japan Post Holdings Co. Ltd.</name>
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        <title>Japan Post Holdings Co. Ltd.</title>
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        <name>ServiceNow, Inc.</name>
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        <name>N/A</name>
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        <name>Ameriprise Financial, Inc.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <title>Takeda Pharmaceutical Co. Ltd.</title>
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        <name>Amer Sports, Inc.</name>
        <lei>391200YCSWTRD1J21867</lei>
        <title>Amer Sports, Inc.</title>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Millrose Properties, Inc.</name>
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          <isin value="US6011371027"/>
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        <fairValLevel>1</fairValLevel>
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        <name>TFI International, Inc.</name>
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        <title>TFI International, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="BYDJXMLE2"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Zurich Insurance Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Aena SME SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlackRock Liquidity Funds</name>
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        <name>Primo Brands Corp.</name>
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        <name>ACI Worldwide, Inc.</name>
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        <name>Truist Financial Corp.</name>
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        <name>N/A</name>
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        <name>Onto Innovation, Inc.</name>
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        <name>N/A</name>
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        <title>FTSE 100 Index</title>
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        <name>Domino's Pizza, Inc.</name>
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        <name>Secom Co. Ltd.</name>
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        <name>Persimmon plc</name>
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        <name>Bridgebio Pharma, Inc.</name>
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        <name>SentinelOne, Inc.</name>
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        <name>N/A</name>
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        <name>Kellanova</name>
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        <name>Cie Generale des Etablissements Michelin SCA</name>
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        <title>Cie Generale des Etablissements Michelin SCA</title>
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        <name>REA Group Ltd.</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>AstraZeneca plc</name>
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        <title>AstraZeneca plc</title>
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        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AutoNation, Inc.</title>
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        <name>Humana, Inc.</name>
        <lei>529900YLDW34GJAO4J06</lei>
        <title>Humana, Inc.</title>
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        <name>Principal Financial Group, Inc.</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>Principal Financial Group, Inc.</title>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
        <cusip>031162100</cusip>
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        <name>Otsuka Holdings Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Otsuka Holdings Co. Ltd.</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <name>AZEK Co., Inc. (The)</name>
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        <name>ORIX Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Ares Management Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage</title>
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        <name>Nutanix, Inc.</name>
        <lei>549300X7J6E8TKVIXW09</lei>
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        <name>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Nasdaq-100 E-Mini Index</title>
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        <name>ONEOK, Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK, Inc.</title>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc., Class B</title>
        <cusip>654106103</cusip>
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        <name>Badger Meter, Inc.</name>
        <lei>5493002JENE20OGTUG20</lei>
        <title>Badger Meter, Inc.</title>
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      <invstOrSec>
        <name>Labcorp Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Labcorp Holdings, Inc.</title>
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      <invstOrSec>
        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran SA</title>
        <cusip>N/A</cusip>
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        <name>Ashtead Group plc</name>
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        <name>Centrica plc</name>
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        <name>TransUnion</name>
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        <name>Kerry Group plc</name>
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        <name>Nice Ltd.</name>
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        <name>Remitly Global, Inc.</name>
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        <name>Santos Ltd.</name>
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        <name>N/A</name>
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        <name>Banco BPM SpA</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Aeon Co. Ltd.</name>
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        <name>Techtronic Industries Co. Ltd.</name>
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        <name>Waste Connections, Inc.</name>
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        <name>SoftBank Corp.</name>
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        <name>Lithia Motors, Inc.</name>
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        <name>AIA Group Ltd.</name>
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        <title>Tapestry, Inc.</title>
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        <name>TotalEnergies SE</name>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0010208488"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MercadoLibre, Inc.</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre, Inc.</title>
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          <isin value="US58733R1023"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDHG5NC4"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>Coupang, Inc.</name>
        <lei>549300XR4L1D80AK4W76</lei>
        <title>Coupang, Inc., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000TCL6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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        <name>OneMain Holdings, Inc.</name>
        <lei>549300E3VEW8SMS5XW09</lei>
        <title>OneMain Holdings, Inc.</title>
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        <name>HUB24 Ltd.</name>
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        <title>HUB24 Ltd.</title>
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        <invCountry>AU</invCountry>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Coca-Cola HBC AG</name>
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        <title>Coca-Cola HBC AG</title>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="436973"/>
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        <curCd>N/A</curCd>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley &amp; Co.</counterpartyName>
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      <invstOrSec>
        <name>Waystar Holding Corp.</name>
        <lei>N/A</lei>
        <title>Waystar Holding Corp.</title>
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          <isin value="US9467841055"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDHH7471"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>HCA Healthcare, Inc.</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare, Inc.</title>
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          <isin value="US40412C1018"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
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          <isin value="US91529Y1064"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dassault Aviation SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>Dassault Aviation SA</title>
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          <isin value="FR0014004L86"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDK3KAT5"/>
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        <balance>100000000.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
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          <isin value="US0367521038"/>
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        <balance>586.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intuitive Surgical, Inc.</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical, Inc.</title>
        <cusip>46120E602</cusip>
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          <isin value="US46120E6023"/>
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        <balance>41.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22279.81000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P/TSX 60 Index</title>
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          <other otherDesc="Inhouse Asset ID" value="PTU520251"/>
          <other otherDesc="Future Ticker" value="PTU5 Index"/>
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        <balance>29.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Canadian Derivatives Clearing</counterpartyName>
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            <payOffProf>Long</payOffProf>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="437084"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="437015"/>
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      <invstOrSec>
        <name>Takashimaya Co. Ltd.</name>
        <lei>353800IFO566STDN4V78</lei>
        <title>Takashimaya Co. Ltd.</title>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>Morgan Stanley &amp; Co.</counterpartyName>
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        <name>Booking Holdings, Inc.</name>
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        <name>Astera Labs, Inc.</name>
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        <name>Hershey Co. (The)</name>
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        <name>Fujitsu Ltd.</name>
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        <name>Duke Energy Corp.</name>
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        <name>N/A</name>
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        <name>MicroStrategy, Inc.</name>
        <lei>549300WQTWEJUEHXQX21</lei>
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        <name>Jacobs Solutions, Inc.</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
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        <name>CACI International, Inc.</name>
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        <name>Guardant Health, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HEICO Corp.</name>
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        <name>Deutsche Telekom AG</name>
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        <name>FedEx Corp.</name>
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        <title>FedEx Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Novartis AG</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Sompo Holdings, Inc.</name>
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        <name>Prosus NV</name>
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        <name>Brighthouse Financial, Inc.</name>
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        <name>Incyte Corp.</name>
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        <title>Incyte Corp.</title>
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        <name>Anglo American plc</name>
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        <name>Visa, Inc.</name>
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        <name>Barratt Redrow plc</name>
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        <name>Keyence Corp.</name>
        <lei>529900M7PQBS7A89DZ11</lei>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>Bureau Veritas SA</name>
        <lei>969500TPU5T3HA5D1F11</lei>
        <title>Bureau Veritas SA</title>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Texas Roadhouse, Inc.</name>
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        <name>Leidos Holdings, Inc.</name>
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        <name>Yum! Brands, Inc.</name>
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        <name>Tryg A/S</name>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <name>Targa Resources Corp.</name>
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        <name>Siemens Energy AG</name>
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        <name>Industrivarden AB</name>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>Sprouts Farmers Market, Inc.</name>
        <lei>529900P8F4G77Q52XE24</lei>
        <title>Sprouts Farmers Market, Inc.</title>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
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        <name>FinecoBank Banca Fineco SpA</name>
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        <name>Capgemini SE</name>
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        <name>New York Times Co. (The)</name>
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        <name>Entergy Corp.</name>
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        <name>Repsol SA</name>
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        <invCountry>ES</invCountry>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <name>Texas Instruments, Inc.</name>
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        <title>Texas Instruments, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Swiss Re AG</name>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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          <isin value="US46284V1017"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ferrari NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL0011585146"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SSE plc</name>
        <lei>549300KI75VYLLMSK856</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Salesforce, Inc.</name>
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        <title>Salesforce, Inc.</title>
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        <name>Rolls-Royce Holdings plc</name>
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        <title>Rolls-Royce Holdings plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Fidelity National Information Services, Inc.</name>
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        <title>Fidelity National Information Services, Inc.</title>
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        <name>DR Horton, Inc.</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>DR Horton, Inc.</title>
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        <name>Workday, Inc.</name>
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        <name>Xero Ltd.</name>
        <lei>254900UG5D8YST164N14</lei>
        <title>Xero Ltd.</title>
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        <name>Alkermes plc</name>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <title>IRS</title>
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      <invstOrSec>
        <name>N/A</name>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Skechers USA, Inc.</name>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="437000"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>UBS</counterpartyName>
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      <invstOrSec>
        <name>Murata Manufacturing Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Euro-Buxl</title>
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          <isin value="DE000F1NGF87"/>
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          <other otherDesc="Future Ticker" value="UBU5 Comdty"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Eurex Clearing</counterpartyName>
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      <invstOrSec>
        <name>Jefferies Financial Group, Inc.</name>
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        <title>Jefferies Financial Group, Inc.</title>
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          <isin value="US47233W1099"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="439663"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Citibank</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDK91906"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Taylor Wimpey plc</name>
        <lei>21380089BTRXTD8S3R66</lei>
        <title>Taylor Wimpey plc</title>
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          <isin value="GB0008782301"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cloudflare, Inc.</name>
        <lei>5493007DY18BGNLDWU14</lei>
        <title>Cloudflare, Inc., Class A</title>
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          <isin value="US18915M1071"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block, Inc., Class A</title>
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          <isin value="US8522341036"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>WIG20 Index</title>
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          <isin value="PL0GF0031252"/>
          <other otherDesc="Inhouse Asset ID" value="KRSU52020"/>
          <other otherDesc="Future Ticker" value="KRSU5 Index"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>KDPW-National Depository For Securities</counterpartyName>
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                <indexName>WIG20 Index</indexName>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG (Registered)</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
        <cusip>29444U700</cusip>
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          <isin value="US29444U7000"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDHFJN01"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-16802.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.68800000"/>
            <terminationDt>2030-09-17</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>10456.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-16802.13000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cintas Corp.</name>
        <lei>N/A</lei>
        <title>Cintas Corp.</title>
        <cusip>172908105</cusip>
        <identifiers>
          <isin value="US1729081059"/>
          <other otherDesc="Inhouse Asset ID" value="172908105"/>
        </identifiers>
        <balance>1660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>369964.20000000</valUSD>
        <pctVal>0.243597566023</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>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDEATYS8"/>
        </identifiers>
        <balance>27000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43310000"/>
        <valUSD>-260166.57000000</valUSD>
        <pctVal>-0.17130290772</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Barclays Bank</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CDI" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="14.45300000"/>
            <terminationDt>2029-01-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>27000000.00000000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-260166.57000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG (Registered)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0010570759"/>
          <other otherDesc="Inhouse Asset ID" value="S59623090"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79345000"/>
        <valUSD>166725.64000000</valUSD>
        <pctVal>0.109778081494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
        <cusip>086516101</cusip>
        <identifiers>
          <isin value="US0865161014"/>
          <other otherDesc="Inhouse Asset ID" value="086516101"/>
        </identifiers>
        <balance>1143.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76729.59000000</valUSD>
        <pctVal>0.050521486581</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>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDDEWB13"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43310000"/>
        <valUSD>-157810.36000000</valUSD>
        <pctVal>-0.10390794457</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="CDI" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="15.25000000"/>
            <terminationDt>2029-01-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>10000000.00000000</notionalAmt>
            <curCd>BRL</curCd>
            <unrealizedAppr>-157810.36000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>



      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Variable Series Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
