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        <name>Bank of America</name>
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        <name>Bank of America</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>JP MORGAN CHASE BANK N.A.</name>
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                  <isin value="CA135087Q723"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Canada</name>
        <lei>N/A</lei>
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          <ticker value="CGBU5"/>
          <other otherDesc="Bloomberg Ticker" value="CNU5"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Canada Govt. Bond Futures</issuerName>
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                  <isin value="CA135087Q723"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CATTLE FEEDER FUT AUG25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="FCQ25"/>
          <other otherDesc="Bloomberg Ticker" value="FCQ5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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              <otherRefInst>
                <issuerName>Feeder Cattle</issuerName>
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                  <ticker value="FCCQ25"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CATTLE FEEDER FUT SEP25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="FCU25"/>
          <other otherDesc="Bloomberg Ticker" value="FCU5"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Feeder Cattle</issuerName>
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                  <ticker value="FCCU25"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>COCOA FUTURE      SEP25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="CCU5"/>
          <other otherDesc="Bloomberg Ticker" value="CCU5"/>
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        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Cocoa</issuerName>
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                  <ticker value="CCU25"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>COCOA FUTURE - IC SEP25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="LCCU5"/>
          <other otherDesc="Bloomberg Ticker" value="QCU5"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>Cocoa</issuerName>
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                  <ticker value="QCU25"/>
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            <expDate>2025-09-18</expDate>
            <notionalAmt>-349465.19000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>COFFEE 'C' FUTURE SEP25 PHYSICAL COMMODITY FUTURE.</title>
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        <identifiers>
          <ticker value="KCU5"/>
          <other otherDesc="Bloomberg Ticker" value="KCU5"/>
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        <balance>36.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4051350.00000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coffee</issuerName>
                <issueTitle>Coffee C Future Sep 2025</issueTitle>
                <identifiers>
                  <ticker value="KCU25"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
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            <expDate>2025-09-21</expDate>
            <notionalAmt>5041331.05000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-989981.05000000</unrealizedAppr>
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        </derivativeInfo>
        <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>CONSTELLATION SOFTWARE INC - WARRANTS ISSUE 1:1</title>
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          <isin value="CA21037X1345"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CORN FUTURE       SEP25 PHYSICAL COMMODITY FUTURE.</title>
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        <identifiers>
          <ticker value="CU25"/>
          <other otherDesc="Bloomberg Ticker" value="C U5"/>
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        <balance>134.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Corn</issuerName>
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                  <ticker value="CU25"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>COTTON NO.2 FUTR  DEC25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="CTZ5"/>
          <other otherDesc="Bloomberg Ticker" value="CTZ5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Cotton</issuerName>
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                  <ticker value="CTZ25"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DAX INDEX FUTURE  SEP25 PHYSICAL INDEX FUTURE.</title>
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          <ticker value="FDXU5"/>
          <other otherDesc="Bloomberg Ticker" value="GXU5"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>E-MINI RUSS 2000  SEP25 PHYSICAL INDEX FUTURE.</title>
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          <ticker value="RTYU25"/>
          <other otherDesc="Bloomberg Ticker" value="RTYU5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
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        <name>N/A</name>
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          <ticker value="RTYU25"/>
          <other otherDesc="Bloomberg Ticker" value="RTYU5"/>
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              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
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              <indexBasketInfo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>EURO STOXX 50     SEP25 PHYSICAL INDEX FUTURE.</title>
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          <ticker value="STXEU5"/>
          <other otherDesc="Bloomberg Ticker" value="VGU5"/>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <lei>N/A</lei>
        <title>IFSC NIFTY 50 FUT JUL25 PHYSICAL INDEX FUTURE.</title>
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          <ticker value="GIFN5"/>
          <other otherDesc="Bloomberg Ticker" value="JGSN5"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>NSE International Exchange Nifty 50 Index Future Jul 2025</indexName>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan</name>
        <lei>N/A</lei>
        <title>JPN 10Y BOND(OSE) SEP25 FINANCIAL COMMODITY FUTURE.</title>
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        <identifiers>
          <ticker value="JGBU5"/>
          <other otherDesc="Bloomberg Ticker" value="JBU5"/>
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        <balance>34.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>Japan Govt. Bond Futures</issuerName>
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                  <isin value="JP1103681NA2"/>
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            <expDate>2025-09-15</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>KC HRW WHEAT FUT  SEP25 PHYSICAL COMMODITY FUTURE.</title>
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        <identifiers>
          <ticker value="KWU25"/>
          <other otherDesc="Bloomberg Ticker" value="KWU5"/>
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        <balance>28.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>737450.00000000</valUSD>
        <pctVal>0.064002219140</pctVal>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Wheat</issuerName>
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                  <ticker value="KWCU25"/>
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            <expDate>2025-09-15</expDate>
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            <unrealizedAppr>-25418.09000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LEAN HOGS FUTURE  AUG25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LHQ25"/>
          <other otherDesc="Bloomberg Ticker" value="LHQ5"/>
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        <balance>31.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1333000.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Hogs</issuerName>
                <issueTitle>LEAN HOGS FUTURE(Consolidated) Aug 2025</issueTitle>
                <identifiers>
                  <ticker value="LNCQ25"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LEAN HOGS FUTURE  OCT25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LHV25"/>
          <other otherDesc="Bloomberg Ticker" value="LHV5"/>
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        <balance>8.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>295680.00000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Hogs</issuerName>
                <issueTitle>LEAN HOGS FUTURE(Consolidated) Oct 2025</issueTitle>
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                  <ticker value="LNCV25"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-10-17</expDate>
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            <unrealizedAppr>-835.32000000</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>LIVE CATTLE FUTR  AUG25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCQ25"/>
          <other otherDesc="Bloomberg Ticker" value="LCQ5"/>
        </identifiers>
        <balance>47.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4020850.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Live Cattle</issuerName>
                <issueTitle>Live Cattle Future(Consolidated) Aug 2025</issueTitle>
                <identifiers>
                  <ticker value="LDQ25"/>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-01</expDate>
            <notionalAmt>3946704.43000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>74145.57000000</unrealizedAppr>
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        </derivativeInfo>
        <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>LME COPPER FUTURE SEP25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CMCUU25"/>
          <other otherDesc="Bloomberg Ticker" value="LPU25"/>
        </identifiers>
        <balance>52.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12847483.59000000</valUSD>
        <pctVal>1.115014523202</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Copper</issuerName>
                <issueTitle>LME Copper Composite Future Sep 2025</issueTitle>
                <identifiers>
                  <ticker value="CMCUU25"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
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            <unrealizedAppr>1140474.08000000</unrealizedAppr>
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        </derivativeInfo>
        <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>LME LEAD FUTURE   SEP25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CMPBU25"/>
          <other otherDesc="Bloomberg Ticker" value="LLU5"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>869282.25000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Lead</issuerName>
                <issueTitle>Lead Composite Commodity Future Sep 2025</issueTitle>
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                  <ticker value="PBU25"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME NICKEL FUTURE SEP25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CMNIU25"/>
          <other otherDesc="Bloomberg Ticker" value="LNU5"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>Nickel</issuerName>
                <issueTitle>Nickel Composite Commodity Future Sep 2025</issueTitle>
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                  <ticker value="CMNIU25"/>
                  <other otherDesc="Other" value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LME PRI ALUM FUTR SEP25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CMALU25"/>
          <other otherDesc="Bloomberg Ticker" value="LAU25"/>
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        <balance>71.00000000</balance>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>Aluminum</issuerName>
                <issueTitle>Aluminium High Grade Composite Commodity Future Sep 2025</issueTitle>
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                  <ticker value="AHCU25"/>
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      <invstOrSec>
        <name>J P MORGAN CHASE BANK</name>
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        <title>LME ZINC FUTURE   SEP25 PHYSICAL COMMODITY FUTURE.</title>
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          <ticker value="CMZNU25"/>
          <other otherDesc="Bloomberg Ticker" value="LXU5"/>
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <other otherDesc="Other" value="N/A"/>
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      </invstOrSec>
      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE  SEP25 FINANCIAL COMMODITY FUTURE.</title>
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          <ticker value="FLGU5"/>
          <other otherDesc="Bloomberg Ticker" value="G U5"/>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.K. Gilt Futures</issuerName>
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                  <isin value="GB00BQC4R999"/>
                  <ticker value="GRU25"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>N/A</lei>
        <title>LONG GILT FUTURE  SEP25 FINANCIAL COMMODITY FUTURE.</title>
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        <identifiers>
          <ticker value="FLGU5"/>
          <other otherDesc="Bloomberg Ticker" value="G U5"/>
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        <name>NMC HEALTH PLC</name>
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        <name>N/A</name>
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        <name>N/A</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PLATINUM (OSE)    APR26 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JPLJ6"/>
          <other otherDesc="Bloomberg Ticker" value="JAJ6"/>
        </identifiers>
        <balance>-4.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="144.44500000"/>
        <valUSD>-82688.91000000</valUSD>
        <pctVal>-0.00717645093</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Platinum</issuerName>
                <issueTitle>PLATINUM FUT TCOM Apr 2026</issueTitle>
                <identifiers>
                  <ticker value="EPLJ26"/>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-04-27</expDate>
            <notionalAmt>-78484.12000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>-4204.79000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>REF: HSHARES IDX FUT JUL15 BRK: JP MORGAN CHASE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="HCN5"/>
        </identifiers>
        <balance>318.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>17558866.23000000</valUSD>
        <pctVal>1.523908609827</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
              <counterpartyLei>984500653R409CC5AB28</counterpartyLei>
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            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <terminationDt>2025-07-30</terminationDt>
            <upfrontPmnt>17670084.47000000</upfrontPmnt>
            <pmntCurCd>HKD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>HKD</rcptCurCd>
            <notionalAmt>318.00000000</notionalAmt>
            <curCd>HKD</curCd>
            <unrealizedAppr>-111218.24000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>REF: TAIEX FUTURES JUL25 BRK: BANK OF AMERICA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FTN5 INDEX"/>
        </identifiers>
        <balance>57.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="TWD" exchangeRt="29.21200000"/>
        <valUSD>8641708.89000000</valUSD>
        <pctVal>0.750001418576</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Bank of America</counterpartyName>
              <counterpartyLei>B4TYDEB6GKMZO031MB27</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <terminationDt>2025-07-19</terminationDt>
            <upfrontPmnt>8390528.43000000</upfrontPmnt>
            <pmntCurCd>TWD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>TWD</rcptCurCd>
            <notionalAmt>57.00000000</notionalAmt>
            <curCd>TWD</curCd>
            <unrealizedAppr>251180.46000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P MID 400 EMINI SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DMU25"/>
          <other otherDesc="Bloomberg Ticker" value="FAU5"/>
        </identifiers>
        <balance>35.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10939250.00000000</valUSD>
        <pctVal>0.949401689248</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P MID 400 EMINI Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-22</expDate>
            <notionalAmt>10663297.09000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>275952.91000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P/TSX 60 IX FUT SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SXFU5"/>
          <other otherDesc="Bloomberg Ticker" value="PTU5"/>
        </identifiers>
        <balance>35.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36450000"/>
        <valUSD>8208134.85000000</valUSD>
        <pctVal>0.712372154596</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/TSE 60 IX FUT Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-21</expDate>
            <notionalAmt>8156066.54000000</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>52068.31000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P/TSX 60 IX FUT SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SXFU5"/>
          <other otherDesc="Bloomberg Ticker" value="PTU5"/>
        </identifiers>
        <balance>-8.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36450000"/>
        <valUSD>-1876145.11000000</valUSD>
        <pctVal>-0.16282792117</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/TSE 60 IX FUT Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-21</expDate>
            <notionalAmt>-1863268.70000000</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>-12876.41000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI FUT  SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESU25"/>
          <other otherDesc="Bloomberg Ticker" value="ESU5"/>
        </identifiers>
        <balance>449.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>140396687.50000000</valUSD>
        <pctVal>12.18482549328</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 Future (e-Mini) Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-22</expDate>
            <notionalAmt>136702160.05000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>3694527.45000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI FUT  SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESU25"/>
          <other otherDesc="Bloomberg Ticker" value="ESU5"/>
        </identifiers>
        <balance>481.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>150402687.50000000</valUSD>
        <pctVal>13.05323176452</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 Future (e-Mini) Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-09-22</expDate>
            <notionalAmt>145567762.35000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4834925.15000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SET50 FUTURES     SEP25 PHYSICAL INDEX FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="S50U5"/>
          <other otherDesc="Bloomberg Ticker" value="BCU5"/>
        </identifiers>
        <balance>-14.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="THB" exchangeRt="32.50875000"/>
        <valUSD>-60541.25000000</valUSD>
        <pctVal>-0.00525428754</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BARCLAY BANK PLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>SET50 FUTURES Sep 2025</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
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            </descRefInstrmnt>
            <expDate>2025-10-02</expDate>
            <notionalAmt>-61410.59000000</notionalAmt>
            <curCd>THB</curCd>
            <unrealizedAppr>869.34000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SILVER FUTURE     SEP25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SIU25"/>
          <other otherDesc="Bloomberg Ticker" value="SIU5"/>
        </identifiers>
        <balance>28.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5064080.00000000</valUSD>
        <pctVal>0.439504180495</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Silver</issuerName>
                <issueTitle>SILVER FUTURE Sep 2025</issueTitle>
                <identifiers>
                  <ticker value="SIU25"/>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-09-29</expDate>
            <notionalAmt>5133540.86000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-69460.86000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SIMT MULTI-ASSET ACCUMULATION CFC ACCUMULATION COMMODITY STRATEGY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="31005SIMC"/>
        </identifiers>
        <balance>14938372.89370000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95271049.07000000</valUSD>
        <pctVal>8.268436586012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>SOYBEAN FUTURE    NOV25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SX25"/>
          <other otherDesc="Bloomberg Ticker" value="S X5"/>
        </identifiers>
        <balance>65.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3337750.00000000</valUSD>
        <pctVal>0.289678496084</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Soybeans</issuerName>
                <issueTitle>Soybean Future Nov 2025</issueTitle>
                <identifiers>
                  <ticker value="SX25"/>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-11-17</expDate>
            <notionalAmt>3379719.61000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-41969.61000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SOYBEAN MEAL FUTR DEC25 PHYSICAL COMMODITY FUTURE.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMZ25"/>
          <other otherDesc="Bloomberg Ticker" value="SMZ5"/>
        </identifiers>
        <balance>88.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2545840.00000000</valUSD>
        <pctVal>0.220949772293</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Soybean Meal</issuerName>
                <issueTitle>Soybean Meal Future Dec 2025</issueTitle>
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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                <issuerName>U.S. Treasury Futures</issuerName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
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          <ticker value="USU25"/>
          <other otherDesc="Bloomberg Ticker" value="USU5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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                <issuerName>U.S. Treasury Futures</issuerName>
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        <name>United States of America</name>
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          <ticker value="USU25"/>
          <other otherDesc="Bloomberg Ticker" value="USU5"/>
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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              <otherRefInst>
                <issuerName>U.S. Treasury Futures</issuerName>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
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          <ticker value="AULU25"/>
          <other otherDesc="Bloomberg Ticker" value="WNU5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>J P MORGAN CHASE BANK</counterpartyName>
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                <issuerName>U.S. Treasury Futures</issuerName>
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                  <isin value="US912810TV08"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="WU25"/>
          <other otherDesc="Bloomberg Ticker" value="W U5"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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                <issuerName>Wheat</issuerName>
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                  <ticker value="WU25"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="CLQ25"/>
          <other otherDesc="Bloomberg Ticker" value="CLQ5"/>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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                <issuerName>Crude Oil</issuerName>
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                  <ticker value="CLQ25"/>
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            <expDate>2025-07-25</expDate>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="CLU25"/>
          <other otherDesc="Bloomberg Ticker" value="CLU5"/>
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        <balance>134.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8555900.00000000</valUSD>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>Crude Oil</issuerName>
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                  <ticker value="CLU25"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
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    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL MANAGED TRUST</ncom:nameOfApplicant>
      <ncom:signature>Glenn Kurdziel</ncom:signature>
      <ncom:signerName>Glenn Kurdziel</ncom:signerName>
      <ncom:title>Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
