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              <counterpartyName>Sydney Futures Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal SystemID" value="4443241"/>
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              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
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      <invstOrSec>
        <name>Invesco Short Term Treasury ETF</name>
        <lei>549300E094R1VT171085</lei>
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          <isin value="US46138G8886"/>
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        <balance>61500.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <ticker value="CDH5"/>
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              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>Canadian Dollar</issuerName>
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                  <cusip value="CASHCAD09"/>
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            <expDate>2025-03-18</expDate>
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        <name>N/A</name>
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          <ticker value="BPH5"/>
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              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                  <cusip value="CASHGBP00"/>
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            <expDate>2025-03-17</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Euronext CAC 40 Index Future</title>
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          <isin value="FREX00219862"/>
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                <indexName>CAC 40 INDEX</indexName>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Internal SystemID" value="4116782"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>441.00000000</valUSD>
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              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="USH5"/>
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        <balance>-45.00000000</balance>
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            <payOffProf>Short</payOffProf>
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                <issuerName>U.S. Treasury Bonds</issuerName>
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            <expDate>2025-03-20</expDate>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal SystemID" value="4361046"/>
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            <putOrCall>Put</putOrCall>
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      <invstOrSec>
        <name>N/A</name>
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          <isin value="IT0022133174"/>
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        <name>Invesco Treasury Portfolio</name>
        <lei>5493004B3TM8ZIDDDC39</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>U.S. Treasury Floating Rate Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US91282CKM28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <title>Eurex DAX Index Future</title>
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            <payOffProf>Long</payOffProf>
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            <expDate>2025-03-21</expDate>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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        <balance>1.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC WHEAT INDEX CIBC WHEAT INDEX</indexName>
                <indexIdentifier>CIBZWH</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="-0.04000000"/>
            <otherPmntDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherPmntDesc>
            <terminationDt>2025-06-12</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1819656.60000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-48414.15000000</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 500 Mini Index Option</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4409225"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>29053.50000000</valUSD>
        <pctVal>0.018372647485</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 MINI INDEX XSP</indexName>
                <indexIdentifier>XSP</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>565.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-32777.10000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4245000"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>18116.31000000</valUSD>
        <pctVal>0.011456264387</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC HEATING OIL INDEX CIBC HEATING OIL INDEX</indexName>
                <indexIdentifier>CIBZHO</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.06000000"/>
            <terminationDt>2026-01-08</terminationDt>
            <upfrontPmnt>1909.84000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>651256.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16206.47000000</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>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4248608"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>42528.68000000</valUSD>
        <pctVal>0.026893986806</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC SILVER INDEX CIBC SILVER INDEX</indexName>
                <indexIdentifier>CIBZSI</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.08000000"/>
            <terminationDt>2026-01-22</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>331.37000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1584354.92000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>42860.05000000</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>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4229944"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>23985.97000000</valUSD>
        <pctVal>0.015168078593</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC COPPER INDEX CIBC COPPER INDEX</indexName>
                <indexIdentifier>CIBZCU</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="-0.04000000"/>
            <otherPmntDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherPmntDesc>
            <terminationDt>2025-11-13</terminationDt>
            <upfrontPmnt>7797.07000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2926040.08</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>16188.90000000</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>HKG Hang Seng Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HIG5"/>
        </identifiers>
        <balance>20.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79190000"/>
        <valUSD>34565.38000000</valUSD>
        <pctVal>0.021858211298</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>HANG SENG INDEX</indexName>
                <indexIdentifier>HSI</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-02-27</expDate>
            <notionalAmt>20055670.00000000</notionalAmt>
            <curCd>HKD</curCd>
            <unrealizedAppr>34565.38000000</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>Citibank, N.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4240882"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-14480.70000000</valUSD>
        <pctVal>-0.00915720296</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Citibank NA</counterpartyName>
              <counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CITI COMMODITIES BENCHMARK (REGULAR ROLL) MONO INDEX SOYBEAN CVICA0SX</indexName>
                <indexIdentifier>CVICA0SX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="-0.06"/>
            <otherPmntDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherPmntDesc>
            <terminationDt>2025-12-18</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>39469.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1911293.35</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>24988.30000000</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>EURO STOXX 50 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000C6XKBZ9"/>
        </identifiers>
        <balance>64.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>122491.25000000</valUSD>
        <pctVal>0.077460153039</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>EURO STOXX 50 Index</indexName>
                <indexIdentifier>SX5E</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-03-21</expDate>
            <notionalAmt>3268164.80000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>122491.25000000</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>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4245001"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2837.32000000</valUSD>
        <pctVal>-0.00179424441</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC BRENT CRUDE OIL INDEX CIBC BRENT CRUDE OIL INDEX</indexName>
                <indexIdentifier>CIBZCO</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.06000000"/>
            <terminationDt>2026-01-08</terminationDt>
            <upfrontPmnt>1301.83000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1100155.70000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-4139.15000000</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 500 Mini Index Option</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4309086"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6037.50000000</valUSD>
        <pctVal>0.003817951682</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 MINI INDEX XSP</indexName>
                <indexIdentifier>XSP</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>513.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-37540.31000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPI 200 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XPH5"/>
        </identifiers>
        <balance>31.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60850000"/>
        <valUSD>71426.49000000</valUSD>
        <pctVal>0.045168180147</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Sydney Futures Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>SPI 200 Index</indexName>
                <indexIdentifier>AS51</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-03-20</expDate>
            <notionalAmt>6478035.99000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>71426.49000000</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>Euro-Buxl Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F01NAG2"/>
        </identifiers>
        <balance>-25.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>54996.93000000</valUSD>
        <pctVal>0.034778570832</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Bundesrepublik Deutschland Bundesanleihe</issuerName>
                <issueTitle>Bundesrepublik Deutschland Bundesanleihe</issueTitle>
                <identifiers>
                  <cusip value="ZF6607153"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-06</expDate>
            <notionalAmt>3276014.18000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>54996.93000000</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>Australia 10 Year Bonds Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XMH5"/>
        </identifiers>
        <balance>-121.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60850000"/>
        <valUSD>86493.49000000</valUSD>
        <pctVal>0.054696143376</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Sydney Futures Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Australia Government Bond</issuerName>
                <issueTitle>Australia Government Bond</issueTitle>
                <identifiers>
                  <cusip value="EK5446753"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-17</expDate>
            <notionalAmt>13729306.93000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>86493.49000000</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>Royal Bank of Canada</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4248607"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-4365.90000000</valUSD>
        <pctVal>-0.00276087705</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Royal Bank of Canada</counterpartyName>
              <counterpartyLei>ES7IP3U3RHIGC71XBU11</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>RBC ENHANCED CNE0 ER RBCACNE0</indexName>
                <indexIdentifier>RBCACNE0</indexIdentifier>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.14000000"/>
            <terminationDt>2026-01-22</terminationDt>
            <upfrontPmnt>1926.60000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>939072.75000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-6292.50000000</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>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4246948"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-30817.72000000</valUSD>
        <pctVal>-0.01948829249</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
              <counterpartyLei>2IGI19DL77OX0HC3ZE78</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC GASOLINE INDEX CIBC GASOLINE INDEX</indexName>
                <indexIdentifier>CIBZRB</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.06000000"/>
            <terminationDt>2026-01-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>4610.61000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>528798.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-26207.11000000</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>FTSE 100 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNSR9V84"/>
        </identifiers>
        <balance>41.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80650000"/>
        <valUSD>60779.72000000</valUSD>
        <pctVal>0.038435450800</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE 100 Index</indexName>
                <indexIdentifier>UKX</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-03-21</expDate>
            <notionalAmt>3501990.12000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>60779.72000000</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 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PTH5"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.45340000"/>
        <valUSD>61638.42000000</valUSD>
        <pctVal>0.038978469452</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Montreal Exchange</counterpartyName>
              <counterpartyLei>549300DKBYNOI0B1NP44</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/TSX 60 Index</indexName>
                <indexIdentifier>SPTSX60</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-03-20</expDate>
            <notionalAmt>6388497.80000000</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>61638.42000000</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>MEFF Madrid IBEX 35 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0B00151042"/>
        </identifiers>
        <balance>26.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>118788.57000000</valUSD>
        <pctVal>0.075118678367</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>IBEX 35 INDEX</indexName>
                <indexIdentifier>IBEX</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-02-21</expDate>
            <notionalAmt>3107752.00000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>118788.57000000</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>Canada 10 Year Bond Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CNH5"/>
        </identifiers>
        <balance>37.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.45340000"/>
        <valUSD>20604.82000000</valUSD>
        <pctVal>0.013029930795</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Montreal Exchange</counterpartyName>
              <counterpartyLei>549300DKBYNOI0B1NP44</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Government of Canada</issuerName>
                <issueTitle>Government of Canada</issueTitle>
                <identifiers>
                  <cusip value="135087Q23"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-20</expDate>
            <notionalAmt>4555463.99000000</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>20604.82000000</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>CME Japanese Yen Currency Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JYH5"/>
        </identifiers>
        <balance>-74.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>126408.50000000</valUSD>
        <pctVal>0.079937315975</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Cash</issuerName>
                <issueTitle>Cash</issueTitle>
                <identifiers>
                  <cusip value="CASHJPY06"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-17</expDate>
            <notionalAmt>6118096.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>126408.50000000</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>Euro-Bund Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F01NAD9"/>
        </identifiers>
        <balance>-51.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>38697.76000000</valUSD>
        <pctVal>0.024471416626</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Bundesrepublik Deutschland Bundesanleihe</issuerName>
                <issueTitle>Bundesrepublik Deutschland Bundesanleihe</issueTitle>
                <identifiers>
                  <cusip value="ZF1451532"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-06</expDate>
            <notionalAmt>6795822.63000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>38697.76000000</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>CME Euro Foreign Exchange Currency Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ECH5"/>
        </identifiers>
        <balance>-48.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>84154.02000000</valUSD>
        <pctVal>0.053216725832</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Cash</issuerName>
                <issueTitle>Cash</issueTitle>
                <identifiers>
                  <cusip value="CASHEUR08"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-17</expDate>
            <notionalAmt>6322354.02000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>84154.02000000</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>EURO-BTP Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F01NAB3"/>
        </identifiers>
        <balance>34.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>15687.68000000</valUSD>
        <pctVal>0.009920464471</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Republic of Italy Government International Bond</issuerName>
                <issueTitle>Republic of Italy Government International Bond</issueTitle>
                <identifiers>
                  <cusip value="ZK3560933"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-06</expDate>
            <notionalAmt>4059437.89000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>15687.68000000</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>Royal Bank of Canada</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4221594"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>127942.86000000</valUSD>
        <pctVal>0.080907603734</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Royal Bank of Canada</counterpartyName>
              <counterpartyLei>ES7IP3U3RHIGC71XBU11</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>RBC ENHANCED SME0 ER RBCASME0</indexName>
                <indexIdentifier>RBCASME0</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="-0.05"/>
            <otherPmntDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherPmntDesc>
            <terminationDt>2025-10-09</terminationDt>
            <upfrontPmnt>2867.13000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>2563277.23</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>125075.73000000</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>Euro-Bobl Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F01NAE7"/>
        </identifiers>
        <balance>-84.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96390000"/>
        <valUSD>30565.92000000</valUSD>
        <pctVal>0.019329060981</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex Deutschland</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
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                <issuerName>Bundesobligation</issuerName>
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        <name>Invesco US Dollar Liquidity Portfolio</name>
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        <name>N/A</name>
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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>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="4333781"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <indexBasketInfo>
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            <unrealizedAppr>-39405.71000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
        <cusip>825252885</cusip>
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          <isin value="US8252528851"/>
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        <balance>37520160.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37520160.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <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>Canadian Imperial Bank of Commerce</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="4250286"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
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        <valUSD>-2686.17000000</valUSD>
        <pctVal>-0.00169866124</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Canadian Imperial Bank of Commerce</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CIBC GASOIL INDEX CIBC GASOIL INDEX</indexName>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <unrealizedAppr>-2686.17000000</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>CME Australian Dollar Currency Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ADH5"/>
        </identifiers>
        <balance>-74.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>94438.02000000</valUSD>
        <pctVal>0.059720049244</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Cash</issuerName>
                <issueTitle>Cash</issueTitle>
                <identifiers>
                  <cusip value="CASHAUD07"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-17</expDate>
            <notionalAmt>4694648.02000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>94438.02000000</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>Long Gilt Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00M2557897"/>
        </identifiers>
        <balance>-36.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80650000"/>
        <valUSD>112227.10000000</valUSD>
        <pctVal>0.070969382230</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United Kingdom Gilt</issuerName>
                <issueTitle>United Kingdom Gilt</issueTitle>
                <identifiers>
                  <cusip value="BZ6913918"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-27</expDate>
            <notionalAmt>3430233.06000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>112227.10000000</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>Royal Bank of Canada</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4532480"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-18720.00000000</valUSD>
        <pctVal>-0.01183802161</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Royal Bank of Canada</counterpartyName>
              <counterpartyLei>ES7IP3U3RHIGC71XBU11</counterpartyLei>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>RBC ENHANCED NGE0 ER RBCANGE0</indexName>
                <indexIdentifier>RBCANGE0</indexIdentifier>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.22000000"/>
            <terminationDt>2026-01-08</terminationDt>
            <upfrontPmnt>31930.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>503360</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-50650.00000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2442116"/>
        </identifiers>
        <balance>2991.38000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2991.38000000</valUSD>
        <pctVal>0.001891667793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2991.38000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5 Year Notes Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FVH5"/>
        </identifiers>
        <balance>-96.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>46265.77000000</valUSD>
        <pctVal>0.029257221431</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. Treasury Notes/Bonds</issuerName>
                <issueTitle>U.S. Treasury Notes/Bonds</issueTitle>
                <identifiers>
                  <cusip value="91282CKT7"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-31</expDate>
            <notionalAmt>10259765.77000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>46265.77000000</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>CME New Zealand Dollar Currency Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NVH5"/>
        </identifiers>
        <balance>-86.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>111336.30000000</valUSD>
        <pctVal>0.070406064407</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Cash</issuerName>
                <issueTitle>Cash</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
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            <expDate>2025-03-17</expDate>
            <notionalAmt>4964746.30000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>111336.30000000</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>MSCI Emerging Markets Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MESH5"/>
        </identifiers>
        <balance>-41.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-36853.98000000</valUSD>
        <pctVal>-0.02330546003</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures U.S., Inc.</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MSCI Emerging Markets Index</indexName>
                <indexIdentifier>MXEF</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
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            <expDate>2025-03-21</expDate>
            <notionalAmt>2198466.02000000</notionalAmt>
            <curCd>USD</curCd>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Macquarie Bank Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4175189"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>39868.25000000</valUSD>
        <pctVal>0.025211602840</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Macquarie Bank Ltd</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MACQUARIE INVESTOR PRODUCT 592E MQCP592E</indexName>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
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            <terminationDt>2025-04-22</terminationDt>
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            <upfrontRcpt>0.02000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>39868.27000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 Mini Index Option</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4283702"/>
        </identifiers>
        <balance>21.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5523.00000000</valUSD>
        <pctVal>0.003492595799</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MORGAN STANLEY AND CO. INTERNATIONAL PLC</counterpartyName>
              <counterpartyLei>4PQUHN3JPFGFNF3BB653</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 MINI INDEX XSP</indexName>
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                <narrativeDesc>N/A</narrativeDesc>
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            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>535.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-48152.21000000</unrealizedAppr>
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        <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>Citibank, N.A.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal SystemID" value="4246949"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-889.00000000</valUSD>
        <pctVal>-0.00056217955</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Citibank NA</counterpartyName>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CITI COMMODITIES BENCHMARK (REGULAR ROLL) MONO INDEX SOYBEAN OIL CVICA0BO</indexName>
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              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
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            <terminationDt>2026-01-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>257719.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-889.00000000</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>CME Swiss Franc Currency Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SFH5"/>
        </identifiers>
        <balance>-47.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>188344.05000000</valUSD>
        <pctVal>0.119103682402</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange Inc.</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Cash</issuerName>
                <issueTitle>Cash</issueTitle>
                <identifiers>
                  <cusip value="CASHCHF02"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-17</expDate>
            <notionalAmt>6671406.55000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>188344.05000000</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>OML Stockholm OMXS30 Index Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022933198"/>
        </identifiers>
        <balance>146.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="SEK" exchangeRt="11.08780000"/>
        <valUSD>30283.32000000</valUSD>
        <pctVal>0.019150352386</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>OMX STOCKHOLM 30 INDEX</indexName>
                <indexIdentifier>OMX</indexIdentifier>
                <narrativeDesc>N/A</narrativeDesc>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2025-02-21</expDate>
            <notionalAmt>38700974.61000000</notionalAmt>
            <curCd>SEK</curCd>
            <unrealizedAppr>30283.32000000</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>U.S. Treasury 10 Year Notes Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYH5"/>
        </identifiers>
        <balance>-92.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>104260.98000000</valUSD>
        <pctVal>0.065931823431</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. Treasury Notes/Bonds</issuerName>
                <issueTitle>U.S. Treasury Notes/Bonds</issueTitle>
                <identifiers>
                  <cusip value="91282CLZ2"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-20</expDate>
            <notionalAmt>10117885.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>104260.98000000</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>U.S. Treasury 2 Year Notes Future</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TUH5"/>
        </identifiers>
        <balance>-43.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8406.51000000</valUSD>
        <pctVal>-0.00531604952</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Board of Trade of the City of Chicago, Inc.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. Treasury Notes/Bonds</issuerName>
                <issueTitle>U.S. Treasury Notes/Bonds</issueTitle>
                <identifiers>
                  <cusip value="91282CME8"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-03-31</expDate>
            <notionalAmt>8833468.49000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-8406.51000000</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>Royal Bank of Canada</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal SystemID" value="4058231"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>250902.43000000</valUSD>
        <pctVal>0.158663909673</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Royal Bank of Canada</counterpartyName>
              <counterpartyLei>ES7IP3U3RHIGC71XBU11</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>RBC ENHANCED GCE0 ER RBCAGCE0</indexName>
                <indexIdentifier>RBCAGCE0</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">The Fund makes or receives payments based on any positive or negative return on the reference instrument</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.06000000"/>
            <terminationDt>2025-02-21</terminationDt>
            <upfrontPmnt>17062.49000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3996846.39000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>233839.94000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Investment Funds (Invesco Investment Funds)</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
