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    <voteDescription>Election of Director: Teri L. List</voteDescription>
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    <voteDescription>Election of Director: John F. Lundgren</voteDescription>
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    <voteDescription>Election of Director: Ryan McInerney</voteDescription>
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    <voteDescription>Election of Director: Denise M. Morrison</voteDescription>
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    <voteDescription>Election of Director: Pamela Murphy</voteDescription>
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    <voteDescription>Election of Director: Linda J. Rendle</voteDescription>
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    <voteDescription>Election of Director: Maynard G. Webb, Jr.</voteDescription>
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    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2025.</voteDescription>
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      <voteCategory>
        <categoryType>AUDIT-RELATED</categoryType>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>37400</sharesVoted>
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        <sharesVoted>37400</sharesVoted>
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    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>Shareholder proposal on gender-based compensation gaps and associated risks.</voteDescription>
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      <voteCategory>
        <categoryType>OTHER SOCIAL ISSUES</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
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    <voteDescription>Shareholder proposal requesting a report on policy on merchant category codes.</voteDescription>
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      <voteCategory>
        <categoryType>OTHER SOCIAL ISSUES</categoryType>
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    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>Shareholder proposal requesting adoption of a new director election resignation governance guideline.</voteDescription>
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      <voteCategory>
        <categoryType>CORPORATE GOVERNANCE</categoryType>
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    <voteDescription>Shareholder proposal on transparency in lobbying.</voteDescription>
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      <voteCategory>
        <categoryType>OTHER SOCIAL ISSUES</categoryType>
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    <voteSource>SECURITY HOLDER</voteSource>
    <sharesVoted>37400</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Rodney C. Adkins</voteDescription>
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      <voteCategory>
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    <voteSource>ISSUER</voteSource>
    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: George S. Davis</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Katherine D. Jaspon</voteDescription>
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      <voteCategory>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Christopher J. Klein</voteDescription>
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      <voteCategory>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: D.G. Macpherson</voteDescription>
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      <voteCategory>
        <categoryType>DIRECTOR ELECTIONS</categoryType>
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    <sharesVoted>10100</sharesVoted>
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    <issuerName>W.W. GRAINGER, INC.</issuerName>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Cindy J. Miller</voteDescription>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Neil S. Novich</voteDescription>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Beatriz R. Perez</voteDescription>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: E. Scott Santi</voteDescription>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Susan Slavik Williams</voteDescription>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Lucas E. Watson</voteDescription>
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    <sharesVoted>10100</sharesVoted>
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    <voteDescription>Election of Director named in the proxy statement for the ensuing year: Steven A. White</voteDescription>
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    <voteDescription>To ratify the appointment of Ernst &amp; Young LLP (&quot;EY&quot;) as independent auditor for the year ending December 31, 2025.</voteDescription>
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      <voteCategory>
        <categoryType>AUDIT-RELATED</categoryType>
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    <voteDescription>To approve on a non-binding advisory basis the compensation of Grainger's Named Executive Officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>To approve and adopt the amendment to the Restated Articles of Incorporation to eliminate cumulative voting.</voteDescription>
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