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        <name>Oracle Corp.</name>
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        <name>MEIJI Holdings Co. Ltd.</name>
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        <name>Match Group, Inc.</name>
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        <name>Monster Beverage Corp.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Cadence Design Systems, Inc.</name>
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        <name>Pool Corp.</name>
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        <title>Pool Corp.</title>
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      <invstOrSec>
        <name>Foot Locker, Inc.</name>
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        <title>Foot Locker, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flow Traders</name>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MPLX LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Exxon Mobil Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Xerox Holdings Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Experian plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BP Capital Markets America, Inc.</name>
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        <name>United Therapeutics Corp.</name>
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        <name>Expeditors International of Washington, Inc.</name>
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        <name>Walmart, Inc.</name>
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        <name>Ingredion, Inc.</name>
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        <name>Valero Energy Corp.</name>
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        <name>Flex Ltd.</name>
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        <invCountry>SG</invCountry>

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        <name>PayPal Holdings, Inc.</name>
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        <name>Republic of Peru</name>
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        <name>Discover Card Execution Note Trust</name>
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        <name>Landstar System, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>Simon Property Group LP</name>
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        <title>Simon Property Group LP</title>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMETEK, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berkshire Hathaway Energy Co.</name>
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        <title>Berkshire Hathaway Energy Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
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          <isin value="US31418DTM47"/>
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        <balance>2034985.54000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Notes</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1104884"/>
          <other otherDesc="Future Ticker" value="TYH1 Comdty"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>Polaris, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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          <isin value="US912810RB61"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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        <name>CoStar Group, Inc.</name>
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        <title>CoStar Group, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rio Tinto Ltd.</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>Rio Tinto Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
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        <curCd>USD</curCd>
        <valUSD>2738939.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp.</title>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485591.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.</name>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Equifax, Inc.</name>
        <lei>5493004MCF8JDC86VS77</lei>
        <title>Equifax, Inc.</title>
        <cusip>294429105</cusip>
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        <name>Aviva plc</name>
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        <title>Aviva plc</title>
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        <invCountry>GB</invCountry>
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        <name>Amazon.com, Inc.</name>
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        <title>Amazon.com, Inc.</title>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <name>Gentex Corp.</name>
        <lei>549300S3UD8XV1MN0287</lei>
        <title>Gentex Corp.</title>
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        <name>Umicore SA</name>
        <lei>529900F3AIQECS8ZSV61</lei>
        <title>Umicore SA</title>
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        <invCountry>BE</invCountry>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YE4</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-08-31</maturityDt>
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      <invstOrSec>
        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos., Inc.</title>
        <cusip>142339100</cusip>
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        <balance>3100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484158.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Flowers Foods, Inc.</name>
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        <name>Timken Co. (The)</name>
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        <name>Haemonetics Corp.</name>
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        <name>Mohawk Industries, Inc.</name>
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        <name>Aker BP ASA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>Jabil, Inc.</name>
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        <title>Jabil, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Shell International Finance BV</name>
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        <name>Xylem, Inc.</name>
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        <name>nVent Electric plc</name>
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        <name>Horizon Therapeutics plc</name>
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        <name>Kasikornbank PCL</name>
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        <name>NVR, Inc.</name>
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        <name>Cheniere Corpus Christi Holdings LLC</name>
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        <name>BPCE SA</name>
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        <name>Greenville City School District</name>
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        <name>United States of America</name>
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        <name>ING Groep NV</name>
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      <invstOrSec>
        <name>Symrise AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NN Group NV</name>
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        <name>Zalando SE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KLA Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AstraZeneca plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jazz Pharmaceuticals plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Sony Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quidel Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CSL Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
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        <invCountry>KY</invCountry>

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        <name>Waters Corp.</name>
        <lei>5T547R1474YC9HOD8Q74</lei>
        <title>Waters Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Eli Lilly and Co.</name>
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        <title>Eli Lilly and Co.</title>
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        <name>Danaher Corp.</name>
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        <name>Stryker Corp.</name>
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        <title>Stryker Corp.</title>
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        <name>Iida Group Holdings Co. Ltd.</name>
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        <name>CNP Assurances</name>
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        <name>Adyen NV</name>
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        <name>J M Smucker Co. (The)</name>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
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        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Intel Corp.</name>
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        <name>Williams Cos., Inc. (The)</name>
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        <name>International Business Machines Corp.</name>
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      <invstOrSec>
        <name>BlackRock, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Willis North America, Inc.</name>
        <lei>5493004KVU1HWZCP0C66</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Biogen, Inc.</name>
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        <title>Biogen, Inc.</title>
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          <isin value="US09062X1037"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc., Class A</title>
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          <isin value="US21036P1084"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WP Carey, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SVB Financial Group</name>
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          <isin value="US78486QAE17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Snowflake, Inc.</name>
        <lei>254900CJNSY1K7T53Z16</lei>
        <title>Snowflake, Inc., Class A</title>
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          <isin value="US8334451098"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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          <isin value="US86562M2098"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi</title>
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          <isin value="FR0000120578"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US912828Y875"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Next plc</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB0032089863"/>
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        <balance>4918.00000000</balance>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fortescue Metals Group Ltd.</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Metals Group Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000FMG4"/>
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        <invCountry>AU</invCountry>
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        <name>IAC/InterActiveCorp</name>
        <lei>549300TO56L57RP6P031</lei>
        <title>IAC/InterActiveCorp</title>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
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        <name>CH Robinson Worldwide, Inc.</name>
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        <title>CH Robinson Worldwide, Inc.</title>
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        <name>Mettler-Toledo International, Inc.</name>
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        <name>Intermediate Capital Group plc</name>
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        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <name>ResMed, Inc.</name>
        <lei>529900T3QE5253CCXF22</lei>
        <title>ResMed, Inc.</title>
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        <name>Daito Trust Construction Co. Ltd.</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co. Ltd.</title>
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        <name>Seria Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Seria Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Logitech International SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International SA</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>Moody's Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cerner Corp.</name>
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        <title>Cerner Corp.</title>
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        <name>Spirit Realty Capital, Inc.</name>
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        <name>Check Point Software Technologies Ltd.</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Automatic Data Processing, Inc.</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>State of Texas</name>
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        <title>State of Texas</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
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          <isin value="US36179VTW09"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-20</maturityDt>
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        <name>NextEra Energy, Inc.</name>
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        <name>Gaming and Leisure Properties, Inc.</name>
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        <title>Gaming and Leisure Properties, Inc.</title>
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        <name>Epiroc AB</name>
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        <invCountry>SE</invCountry>
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        <name>Recruit Holdings Co. Ltd.</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co. Ltd.</title>
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        <name>Kirin Holdings Co. Ltd.</name>
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        <title>Kirin Holdings Co. Ltd.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Matsumotokiyoshi Holdings Co. Ltd.</name>
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        <name>Gilroy Unified School District</name>
        <lei>N/A</lei>
        <title>Gilroy Unified School District</title>
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        <name>Toho Gas Co. Ltd.</name>
        <lei>353800BCVTE4F8012906</lei>
        <title>Toho Gas Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sundrug Co. Ltd.</name>
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      <invstOrSec>
        <name>Sartorius Stedim Biotech</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jack Henry &amp; Associates, Inc.</name>
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      <invstOrSec>
        <name>Dollar Tree, Inc.</name>
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        <name>Deutsche Boerse AG</name>
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        <invCountry>DE</invCountry>
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        <name>Exelon Corp.</name>
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        <name>Seer, Inc.</name>
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        <name>Atlassian Corp. plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nitto Denko Corp.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dominion Energy, Inc.</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>3140QEXU1</cusip>
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          <isin value="US3140QEXU14"/>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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        <name>State of New Jersey</name>
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        <name>Prudential plc</name>
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        <title>Prudential plc</title>
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        <invCountry>GB</invCountry>
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        <name>Vodafone Group plc</name>
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        <name>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
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        <name>Georgia Power Co.</name>
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        <name>Tosoh Corp.</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>Tosoh Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>Equity Commonwealth</name>
        <lei>549300YPGVU9PR4L0606</lei>
        <title>Equity Commonwealth</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ross Stores, Inc.</name>
        <lei>549300ENZFLPGRDFZQ60</lei>
        <title>Ross Stores, Inc.</title>
        <cusip>778296103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UGI Corp.</name>
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        <name>BAT Capital Corp.</name>
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        <name>Spotify Technology SA</name>
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        <name>Kroger Co. (The)</name>
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        <name>Capital One Multi-Asset Execution Trust</name>
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        <name>FHLMC Pool</name>
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        <name>Credit Suisse Group Funding Guernsey Ltd.</name>
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        <name>Coloplast A/S</name>
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        <name>MGIC Investment Corp.</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Citrix Systems, Inc.</name>
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        <name>Mastercard, Inc.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Amgen, Inc.</name>
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        <name>Hormel Foods Corp.</name>
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        <name>10X Genomics, Inc.</name>
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        <name>Pfizer, Inc.</name>
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        <name>BNP Paribas SA</name>
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        <name>Kroger Co. (The)</name>
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        <name>State of Illinois</name>
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        <name>Sonova Holding AG</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>Pentair plc</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Las Vegas Sands Corp.</name>
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        <name>United States International Development Finance Corp.</name>
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        <name>Industria de Diseno Textil SA</name>
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        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
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        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
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        <name>Tesla, Inc.</name>
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        <name>ZOZO, Inc.</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO, Inc.</title>
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        <name>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S</title>
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        <name>Deutsche Post AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Grid Overseas Investment 2016 Ltd.</name>
        <lei>3003006V8BHG5158QO96</lei>
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          <isin value="US857006AG58"/>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-04</maturityDt>
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      <invstOrSec>
        <name>Arista Networks, Inc.</name>
        <lei>635400H1WKBLOQERUU95</lei>
        <title>Arista Networks, Inc.</title>
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          <isin value="US0404131064"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Atmos Energy Corp.</name>
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        <title>Atmos Energy Corp.</title>
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          <isin value="US0495601058"/>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US912810SN90"/>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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          <isin value="US38141GVR28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lululemon Athletica, Inc.</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp.</title>
        <cusip>35137LAJ4</cusip>
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          <isin value="US35137LAJ44"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-25</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kerry Properties Ltd.</name>
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        <title>Kerry Properties Ltd.</title>
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        <balance>24500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-18</maturityDt>
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      <invstOrSec>
        <name>Ipsen SA</name>
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        <title>Ipsen SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sun Hung Kai Properties Ltd.</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd.</title>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Becton Dickinson and Co.</name>
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        <title>Becton Dickinson and Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GNMA</name>
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        <title>GNMA II, 30 Year</title>
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        <invCountry>US</invCountry>
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        <name>Royalty Pharma plc</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>Royalty Pharma plc</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Nucor Corp.</name>
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        <title>Nucor Corp.</title>
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        <name>Honda Motor Co. Ltd.</name>
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        <title>Honda Motor Co. Ltd.</title>
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        <name>FHLMC Pool</name>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Orion OYJ</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>Orion OYJ, Class B</title>
        <cusip>N/A</cusip>
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      <invstOrSec>
        <name>Aptiv plc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Cie Generale des Etablissements Michelin SCA</name>
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      <invstOrSec>
        <name>Grand Canyon Education, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United Parcel Service, Inc.</name>
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      <invstOrSec>
        <name>Raytheon Technologies Corp.</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>UBS Group AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Simon Property Group, Inc.</name>
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        <name>Morningstar, Inc.</name>
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        <name>Knight-Swift Transportation Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Omega Healthcare Investors, Inc.</name>
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        <name>FNMA</name>
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        <name>EDP Finance BV</name>
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        <invCountry>NL</invCountry>

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        <name>Johnson Controls International plc</name>
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        <invCountry>IE</invCountry>

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        <name>Teradyne, Inc.</name>
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        <title>Teradyne, Inc.</title>
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        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
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        <invCountry>CA</invCountry>
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        <name>Nihon M&amp;A Center, Inc.</name>
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        <title>Nihon M&amp;A Center, Inc.</title>
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        <name>PTC, Inc.</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Lamb Weston Holdings, Inc.</name>
        <lei>5493005SMYID1D2OY946</lei>
        <title>Lamb Weston Holdings, Inc.</title>
        <cusip>513272104</cusip>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>ASML Holding NV</name>
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        <name>CK Asset Holdings Ltd.</name>
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        <name>Dassault Aviation SA</name>
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        <name>Schindler Holding AG</name>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>Aon Corp.</name>
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        <name>HSBC Holdings plc</name>
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        <invCountry>GB</invCountry>
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        <name>Bayer AG</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>General Mills, Inc.</name>
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        <name>Oracle Corp. Japan</name>
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        <name>Illumina, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>United States of America</name>
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        <name>McCormick &amp; Co., Inc.</name>
        <lei>549300JQQA6MQ4OJP259</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Newmont Corp.</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>Newmont Corp.</title>
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          <isin value="US6516391066"/>
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        <balance>2941.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176136.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Exelixis, Inc.</name>
        <lei>N/A</lei>
        <title>Exelixis, Inc.</title>
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        <balance>2363.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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          <isin value="US36179VTX81"/>
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        <curCd>USD</curCd>
        <valUSD>1245719.04000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-20</maturityDt>
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      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
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        <cusip>N/A</cusip>
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          <isin value="FR0000121972"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
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          <isin value="US0567521085"/>
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        <balance>4002.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG</title>
        <cusip>N/A</cusip>
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          <isin value="AT0000743059"/>
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        <balance>2130.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kamigumi Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kamigumi Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3219000001"/>
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        <balance>3800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M&amp;G plc</name>
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        <title>M&amp;G plc</title>
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          <isin value="GB00BKFB1C65"/>
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        <balance>95428.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Caterpillar, Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar, Inc.</title>
        <cusip>149123CJ8</cusip>
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          <isin value="US149123CJ87"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236225.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tokyo Electron Ltd.</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3571400005"/>
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        <balance>3400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority</title>
        <cusip>880591CS9</cusip>
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          <isin value="US880591CS97"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>970481.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
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      <invstOrSec>
        <name>Skyworks Solutions, Inc.</name>
        <lei>549300WZ3ORQ2BVKBD96</lei>
        <title>Skyworks Solutions, Inc.</title>
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          <isin value="US83088M1027"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trane Technologies plc</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies plc</title>
        <cusip>N/A</cusip>
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        <balance>6657.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>966330.12000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ashtead Capital, Inc.</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital, Inc.</title>
        <cusip>045054AD5</cusip>
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          <isin value="US045054AD54"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>386062.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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      <invstOrSec>
        <name>FedEx Corp.</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corp.</title>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
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        <name>American Water Works Co., Inc.</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Co., Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UVL9</cusip>
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          <isin value="US13032UVL96"/>
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        <balance>55000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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        <name>VeriSign, Inc.</name>
        <lei>LMPL4N8ZOJRMF0KOF759</lei>
        <title>VeriSign, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB, Class B</title>
        <cusip>N/A</cusip>
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          <isin value="SE0011166941"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Persol Holdings Co. Ltd.</name>
        <lei>3538000H6OI725NB2008</lei>
        <title>Persol Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>4700.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hitachi Ltd.</name>
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        <title>Hitachi Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>WW Grainger, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mercury Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mitsubishi UFJ Lease &amp; Finance Co. Ltd.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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          <isin value="US31418DTR34"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
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        <title>Capital One Financial Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-09</maturityDt>
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        <name>Church &amp; Dwight Co., Inc.</name>
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        <title>Church &amp; Dwight Co., Inc.</title>
        <cusip>171340102</cusip>
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          <isin value="US1713401024"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
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          <isin value="US00724F1012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Acuity Brands, Inc.</name>
        <lei>N/A</lei>
        <title>Acuity Brands, Inc.</title>
        <cusip>00508Y102</cusip>
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          <isin value="US00508Y1029"/>
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        <balance>1167.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Japan Post Insurance Co. Ltd.</name>
        <lei>54930042SK2Z708BA841</lei>
        <title>Japan Post Insurance Co. Ltd.</title>
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          <isin value="JP3233250004"/>
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        <balance>8900.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PTC Therapeutics, Inc.</name>
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        <title>PTC Therapeutics, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Imperial Brands plc</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands plc</title>
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          <isin value="GB0004544929"/>
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        <invCountry>GB</invCountry>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Alexion Pharmaceuticals, Inc.</name>
        <lei>M1YXUUZR0EIMU8T0EM75</lei>
        <title>Alexion Pharmaceuticals, Inc.</title>
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        <name>NewMarket Corp.</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NewMarket Corp.</title>
        <cusip>651587107</cusip>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <name>PerkinElmer, Inc.</name>
        <lei>549300IKL1SDPFI7N655</lei>
        <title>PerkinElmer, Inc.</title>
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        <name>Veeva Systems, Inc.</name>
        <lei>549300YZEXPDB92M2F02</lei>
        <title>Veeva Systems, Inc., Class A</title>
        <cusip>922475108</cusip>
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        <name>American Well Corp.</name>
        <lei>N/A</lei>
        <title>American Well Corp., Class A</title>
        <cusip>03044L105</cusip>
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          <isin value="US03044L1052"/>
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        <invCountry>US</invCountry>
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        <name>Banco de Sabadell SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>Banco de Sabadell SA</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SF6</cusip>
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      <invstOrSec>
        <name>Lennox International, Inc.</name>
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        <name>Shinhan Financial Group Co. Ltd.</name>
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        <name>Wolters Kluwer NV</name>
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      <invstOrSec>
        <name>Toyo Suisan Kaisha Ltd.</name>
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        <name>Orange SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Dynamics Corp.</name>
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        <title>General Dynamics Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shionogi &amp; Co. Ltd.</name>
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        <title>Shionogi &amp; Co. Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dollar General Corp.</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
        <title>Dollar General Corp.</title>
        <cusip>256677105</cusip>
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          <isin value="US2566771059"/>
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        <balance>3047.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEA Group AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA Group AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE0006602006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Autodesk, Inc.</name>
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        <title>Autodesk, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Deere &amp; Co.</name>
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        <title>Deere &amp; Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sinopharm Group Co. Ltd.</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>Sinopharm Group Co. Ltd., Class H</title>
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          <isin value="CNE100000FN7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <name>Bio-Rad Laboratories, Inc.</name>
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        <name>MarketAxess Holdings, Inc.</name>
        <lei>5493002U1CA1XJOVID83</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Huntsman Corp.</name>
        <lei>5299000V56320A7RIQ67</lei>
        <title>Huntsman Corp.</title>
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          <isin value="US4470111075"/>
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        <name>Universal Health Services, Inc.</name>
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        <name>Nu Skin Enterprises, Inc.</name>
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        <name>Randstad NV</name>
        <lei>7245009EAAUUQJ0U4T57</lei>
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        <name>Lincoln Electric Holdings, Inc.</name>
        <lei>BIMGBY40SIN95O01BN93</lei>
        <title>Lincoln Electric Holdings, Inc.</title>
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        <name>Consolidated Edison, Inc.</name>
        <lei>54930033SBW53OO8T749</lei>
        <title>Consolidated Edison, Inc.</title>
        <cusip>209115104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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      <invstOrSec>
        <name>Duck Creek Technologies, Inc.</name>
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        <name>Airbnb, Inc.</name>
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        <name>Williams-Sonoma, Inc.</name>
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        <name>Herbalife Nutrition Ltd.</name>
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        <name>Reynolds American, Inc.</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
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        <name>Qurate Retail, Inc.</name>
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        <name>Fresenius Medical Care AG &amp; Co. KGaA</name>
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        <name>Clorox Co. (The)</name>
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        <name>Linde plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AstraZeneca plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Wuxi Biologics Cayman, Inc.</name>
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        <name>CenturyLink, Inc.</name>
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        <name>Ardagh Group SA</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <name>Nasdaq, Inc.</name>
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        <name>AutoZone, Inc.</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>AGL Energy Ltd.</name>
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        <name>Valvoline, Inc.</name>
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        <name>Xilinx, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Otis Worldwide Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brown-Forman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Airlines Pass-Through Trust</name>
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        <name>FNMA</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Ltd.</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>Invesco Ltd.</title>
        <cusip>N/A</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Rollins, Inc.</name>
        <lei>549300F2A0BXT4SGWD84</lei>
        <title>Rollins, Inc.</title>
        <cusip>775711104</cusip>
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        <balance>8680.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Fortive Corp.</name>
        <lei>549300MU9YQJYHDQEF63</lei>
        <title>Fortive Corp.</title>
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        <balance>6217.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Hoya Corp.</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>Hoya Corp.</title>
        <cusip>N/A</cusip>
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        <invCountry>JP</invCountry>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <invCountry>US</invCountry>
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        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
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        <name>Lazard Ltd.</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>Lazard Ltd., Class A</title>
        <cusip>N/A</cusip>
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        <balance>4039.00000000</balance>
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        <name>Canadian Pacific Railway Ltd.</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Railway Ltd.</title>
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        <invCountry>CA</invCountry>
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        <name>Amdocs Ltd.</name>
        <lei>N/A</lei>
        <title>Amdocs Ltd.</title>
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        <balance>1250.00000000</balance>
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        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Osaka Gas Co. Ltd.</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>Osaka Gas Co. Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Deciphera Pharmaceuticals, Inc.</name>
        <lei>529900QR4WAPYY0CBF25</lei>
        <title>Deciphera Pharmaceuticals, Inc.</title>
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        <balance>3300.00000000</balance>
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        <valUSD>188331.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>International Paper Co.</name>
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        <name>Koninklijke Ahold Delhaize NV</name>
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        <name>Costco Wholesale Corp.</name>
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        <name>Teva Pharmaceutical Industries Ltd.</name>
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        <name>Alibaba Group Holding Ltd.</name>
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        <name>Sekisui House Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>Keysight Technologies, Inc.</name>
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        <name>Burberry Group plc</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Kinder Morgan, Inc.</name>
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        <name>Sage Group plc (The)</name>
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        <name>Okta, Inc.</name>
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        <name>Hawaiian Electric Industries, Inc.</name>
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        <name>Sonoco Products Co.</name>
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        <name>Chemed Corp.</name>
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        <name>Robert Half International, Inc.</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>Realty Income Corp.</name>
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        <name>Associated Banc-Corp.</name>
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        <name>Kuehne + Nagel International AG</name>
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        <name>CVS Health Corp.</name>
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        <name>Kingspan Group plc</name>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>Massachusetts State College Building Authority</name>
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        <name>United States of America</name>
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        <name>Otsuka Corp.</name>
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        <name>Allstate Corp. (The)</name>
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        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <name>Hanesbrands, Inc.</name>
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        <name>Canadian National Railway Co.</name>
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        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
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        <name>United States of America</name>
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        <name>Las Vegas Sands Corp.</name>
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        <name>T-Mobile USA, Inc.</name>
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      <invstOrSec>
        <name>Nintendo Co. Ltd.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>SAP SE</name>
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        <invCountry>DE</invCountry>
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        <name>CK Hutchison Holdings Ltd.</name>
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        <name>Total Capital International SA</name>
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        <name>American Express Credit Account Master Trust</name>
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        <name>Netflix, Inc.</name>
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        <name>Schwab US TIPS ETF</name>
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        <name>United Airlines Pass-Through Trust</name>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <name>Koninklijke DSM NV</name>
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        <invCountry>NL</invCountry>
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        <name>Bank of America Corp.</name>
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        <name>GNMA</name>
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        <name>BA Credit Card Trust</name>
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        <name>NEC Corp.</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PPL Corp.</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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          <isin value="US3140QCXK75"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-01</maturityDt>
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      <invstOrSec>
        <name>Activision Blizzard, Inc.</name>
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        <title>Activision Blizzard, Inc.</title>
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          <isin value="US00507V1098"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="1123431"/>
          <other otherDesc="Future Ticker" value="FVH1 Comdty"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>United States of America</issuerName>
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            <expDate>2021-03-31</expDate>
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      <invstOrSec>
        <name>Bell Canada, Inc.</name>
        <lei>549300O5ZKB2MUUSKB97</lei>
        <title>Bell Canada, Inc.</title>
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          <isin value="US0778FPAA77"/>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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          <isin value="US9497461015"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Galapagos NV</name>
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        <title>Galapagos NV</title>
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          <isin value="BE0003818359"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rockwell Automation, Inc.</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
        <title>Rockwell Automation, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SBM Offshore NV</name>
        <lei>549300RDGCRYZ5QE6513</lei>
        <title>SBM Offshore NV</title>
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          <isin value="NL0000360618"/>
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        <balance>33612.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
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      <invstOrSec>
        <name>Taisei Corp.</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>Taisei Corp.</title>
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        <name>N/A</name>
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        <name>Sinopec Engineering Group Co. Ltd.</name>
        <lei>529900MZVFFC7D57VV51</lei>
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        <invCountry>CN</invCountry>
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        <name>Unilever plc</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever plc</title>
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        <name>Delta Air Lines, Inc. / SkyMiles IP Ltd.</name>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
        <lei>8E6NF1YAL0WT6CWXXV93</lei>
        <title>Cisco Systems, Inc.</title>
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        <name>Aflac, Inc.</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>Aflac, Inc.</title>
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        <name>Husky Energy, Inc.</name>
        <lei>N/A</lei>
        <title>Husky Energy, Inc.</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
        <cusip>713448108</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arch Capital Group Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Seven &amp; i Holdings Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Casey's General Stores, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cognizant Technology Solutions Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cochlear Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Transfer Operating LP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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        <name>Macquarie Bank Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-15</maturityDt>
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        <name>Alibaba Group Holding Ltd.</name>
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        <valUSD>1007257.80000000</valUSD>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-06</maturityDt>
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        <name>MPLX LP</name>
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        <name>Huntington Ingalls Industries, Inc.</name>
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        <name>Suntec REIT</name>
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        <title>Suntec REIT</title>
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        <name>Truist Financial Corp.</name>
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        <title>Truist Financial Corp.</title>
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        <name>JB Hunt Transport Services, Inc.</name>
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        <name>Berkshire Hathaway, Inc.</name>
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        <name>Republic of Colombia</name>
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        <name>FNMA</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Nomura Holdings, Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>Nomura Holdings, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Unilever plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kurita Water Industries Ltd.</name>
        <lei>52990086GS2ON69UMX34</lei>
        <title>Kurita Water Industries Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3270000007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828X70</cusip>
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          <isin value="US912828X703"/>
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        <balance>1345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1425700.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-30</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Quanta Services, Inc.</name>
        <lei>SHVRXXEACT60MMH07S24</lei>
        <title>Quanta Services, Inc.</title>
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          <isin value="US74762E1029"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, 30 Year</title>
        <cusip>36179VQS2</cusip>
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          <isin value="US36179VQS24"/>
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        <curCd>USD</curCd>
        <valUSD>3702562.04000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-20</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca plc</title>
        <cusip>046353AM0</cusip>
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          <isin value="US046353AM00"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604126.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-16</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Evercore, Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc., Class A</title>
        <cusip>29977A105</cusip>
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          <isin value="US29977A1051"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
        <cusip>035240AV2</cusip>
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          <isin value="US035240AV25"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115913.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Certara, Inc.</name>
        <lei>N/A</lei>
        <title>Certara, Inc.</title>
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          <isin value="US15687V1098"/>
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        <balance>1500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50580.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>Walmart, Inc.</title>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>446480.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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        <name>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB, Class B</title>
        <cusip>N/A</cusip>
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        <balance>5986.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S, Class B</title>
        <cusip>N/A</cusip>
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        <balance>18134.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.09190000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
        <cusip>91087BAC4</cusip>
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        <balance>500000.00000000</balance>
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        <valUSD>577812.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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        <name>HP, Inc.</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Vertex Pharmaceuticals, Inc.</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals, Inc.</title>
        <cusip>92532F100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661107</cusip>
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        <balance>15203.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828G38</cusip>
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          <isin value="US912828G385"/>
          <other otherDesc="Inhouse Asset ID" value="592857"/>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Analog Devices, Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
        <cusip>032654105</cusip>
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          <isin value="US0326541051"/>
          <other otherDesc="Inhouse Asset ID" value="30788"/>
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        <balance>14000.00000000</balance>
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        <valUSD>2068220.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maxim Integrated Products, Inc.</name>
        <lei>SO0H5YEO14Y4PVKQH532</lei>
        <title>Maxim Integrated Products, Inc.</title>
        <cusip>57772K101</cusip>
        <identifiers>
          <isin value="US57772K1016"/>
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        <name>Lockheed Martin Corp.</name>
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        <name>Direct Line Insurance Group plc</name>
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        <name>Roche Holding AG</name>
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        <name>United States of America</name>
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        <name>Colbun SA</name>
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        <name>Alibaba Group Holding Ltd.</name>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <name>Evraz plc</name>
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        <name>Keywords Studios plc</name>
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        <name>Colbun SA</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>HCA, Inc.</name>
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        <name>Credit Agricole SA</name>
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        <name>F5 Networks, Inc.</name>
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        <name>Target Corp.</name>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <name>CK Hutchison International 19 Ltd.</name>
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        <name>Twilio, Inc.</name>
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        <name>Campbell Soup Co.</name>
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        <name>Erie Indemnity Co.</name>
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        <name>United States of America</name>
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        <name>Crown Castle International Corp.</name>
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        <name>Vontier Corp.</name>
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        <name>Broadridge Financial Solutions, Inc.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Chugai Pharmaceutical Co. Ltd.</name>
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        <name>Southern Copper Corp.</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>Lennar Corp.</name>
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        <name>United States of America</name>
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        <name>Nomura Research Institute Ltd.</name>
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        <name>Western Alliance Bancorp</name>
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        <name>Tyson Foods, Inc.</name>
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        <name>MSC Industrial Direct Co., Inc.</name>
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        <name>Marriott International, Inc.</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>Akamai Technologies, Inc.</name>
        <lei>OC1LZNN2LF5WTJ5RIL89</lei>
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        <name>Avery Dennison Corp.</name>
        <lei>549300PW7VPFCYKLIV37</lei>
        <title>Avery Dennison Corp.</title>
        <cusip>053611109</cusip>
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        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
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        <name>Edwards Lifesciences Corp.</name>
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        <name>Vistra Corp.</name>
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        <name>GrafTech International Ltd.</name>
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        <name>Metropolitan St Louis Sewer District</name>
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        <name>Veolia Environnement SA</name>
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        <name>Kansas City Southern</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>AbbVie, Inc.</name>
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        <name>Ingersoll Rand, Inc.</name>
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        <name>Allegion plc</name>
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        <name>IDEXX Laboratories, Inc.</name>
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        <name>T Rowe Price Group, Inc.</name>
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        <name>Duke Energy Florida LLC</name>
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        <name>Ameren Corp.</name>
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        <name>GNMA</name>
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        <name>Maravai LifeSciences Holdings, Inc.</name>
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        <name>Wells Fargo Bank NA</name>
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        <name>Wheaton Precious Metals Corp.</name>
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        <name>United States of America</name>
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        <name>Geberit AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VICI Properties, Inc.</name>
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        <name>FLIR Systems, Inc.</name>
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        <name>Swire Pacific Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>County of Broward FL Airport System Revenue</name>
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        <name>Mitsui Fudosan Co. Ltd.</name>
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        <invCountry>JP</invCountry>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>Agilent Technologies, Inc.</name>
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        <name>Schlumberger Holdings Corp.</name>
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        <name>Domino's Pizza, Inc.</name>
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        <name>Standard Chartered plc</name>
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        <name>GNMA</name>
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        <name>Anthem, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Anthem, Inc.</title>
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        <name>Persimmon plc</name>
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        <name>Dick's Sporting Goods, Inc.</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Obayashi Corp.</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>First American Financial Corp.</name>
        <lei>549300B6VEZK3N0A1P55</lei>
        <title>First American Financial Corp.</title>
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        <name>Astellas Pharma, Inc.</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>Astellas Pharma, Inc.</title>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Hubbell, Inc.</name>
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        <name>Atlas Copco AB</name>
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        <name>MetLife, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Estee Lauder Cos., Inc. (The)</name>
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        <name>Western Union Co. (The)</name>
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        <name>ArcelorMittal SA</name>
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        <name>Republic of Panama</name>
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        <title>Notas del Tesoro</title>
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        <name>Verizon Communications, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>National Retail Properties, Inc.</name>
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        <name>Kellogg Co.</name>
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        <name>Tencent Holdings Ltd.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>Red Electrica Corp. SA</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Kimberly-Clark de Mexico SAB de CV</name>
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        <invCountry>MX</invCountry>
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        <name>Transcontinental Gas Pipe Line Co. LLC</name>
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        <name>AbbVie, Inc.</name>
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        <name>Otsuka Holdings Co. Ltd.</name>
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        <name>Microsoft Corp.</name>
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        <title>Microsoft Corp.</title>
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        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>United States of America</name>
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        <name>Essex Portfolio LP</name>
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        <name>Valero Energy Corp.</name>
        <lei>549300XTO5VR8SKV1V74</lei>
        <title>Valero Energy Corp.</title>
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        <name>Public Storage</name>
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        <name>Galp Energia SGPS SA</name>
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        <name>Rio Tinto plc</name>
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        <name>HSBC Holdings plc</name>
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        <name>FactSet Research Systems, Inc.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>NIKE, Inc.</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>AVEVA Group plc</name>
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        <name>United States of America</name>
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        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
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        <name>Trend Micro, Inc.</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
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        <name>FHLMC Pool</name>
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        <name>Standard Chartered plc</name>
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      <invstOrSec>
        <name>TE Connectivity Ltd.</name>
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        <name>GlaxoSmithKline Capital, Inc.</name>
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        <name>ManpowerGroup, Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>Yara International ASA</name>
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        <name>Emerson Electric Co.</name>
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        <name>Techtronic Industries Co. Ltd.</name>
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        <name>United States of America</name>
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        <name>Covestro AG</name>
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        <name>Metro Wastewater Reclamation District</name>
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        <name>Nitori Holdings Co. Ltd.</name>
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        <name>AIA Group Ltd.</name>
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        <name>3M Co.</name>
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        <name>Honeywell International, Inc.</name>
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        <name>TOTAL SE</name>
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        <name>Kone OYJ</name>
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        <name>MercadoLibre, Inc.</name>
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        <name>EI du Pont de Nemours &amp; Co.</name>
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        <name>Bayerische Motoren Werke AG</name>
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        <name>Nestle SA</name>
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        <name>Admiral Group plc</name>
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        <name>SGS SA</name>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <name>DSV PANALPINA A/S</name>
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        <name>KBC Group NV</name>
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        <name>United States of America</name>
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        <name>Japan Exchange Group, Inc.</name>
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        <name>SEI Investments Co.</name>
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        <name>Martin Marietta Materials, Inc.</name>
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        <name>Tencent Holdings Ltd.</name>
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        <name>Cosmos Pharmaceutical Corp.</name>
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        <name>United States of America</name>
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        <name>Downer EDI Ltd.</name>
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        <name>Taiheiyo Cement Corp.</name>
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        <title>Taiheiyo Cement Corp.</title>
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        <name>BNP Paribas SA</name>
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      <invstOrSec>
        <name>Hikma Pharmaceuticals plc</name>
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        <name>Raytheon Technologies Corp.</name>
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        <name>Old Dominion Freight Line, Inc.</name>
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        <name>Party City Holdings, Inc.</name>
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        <name>Unum Group</name>
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        <name>Ecolab, Inc.</name>
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        <name>Yara International ASA</name>
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        <name>Alliant Energy Corp.</name>
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        <name>Royal Dutch Shell plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Masco Corp.</name>
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        <name>Intuitive Surgical, Inc.</name>
        <lei>54930052SRG011710797</lei>
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        <name>State Street Corp.</name>
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        <name>Biogen, Inc.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
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        <name>Berkeley Group Holdings plc</name>
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        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc., Class A</title>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc.</title>
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        <name>Ecopetrol SA</name>
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        <invCountry>CO</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <name>WRKCo, Inc.</name>
        <lei>549300JEB576INN13W07</lei>
        <title>WRKCo, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Union Pacific Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Shopify, Inc.</name>
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        <name>PACCAR, Inc.</name>
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        <name>NXP Semiconductors NV</name>
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        <name>Donaldson Co., Inc.</name>
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        <name>FNMA</name>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>United States of America</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>Alibaba Group Holding Ltd.</name>
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        <name>Athene Holding Ltd.</name>
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        <name>Tractor Supply Co.</name>
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        <name>Yangzijiang Shipbuilding Holdings Ltd.</name>
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        <name>Allison Transmission Holdings, Inc.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>GNMA</name>
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        <name>Hershey Co. (The)</name>
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        <name>Imperial Brands Finance plc</name>
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        <name>Fujitsu Ltd.</name>
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        <name>Magellan Financial Group Ltd.</name>
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        <name>Southern Co. (The)</name>
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        <name>Tyler Technologies, Inc.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>HCA, Inc.</name>
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        <name>Zoom Video Communications, Inc.</name>
        <lei>549300T9GCHU0ODOM055</lei>
        <title>Zoom Video Communications, Inc., Class A</title>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>AutoZone, Inc.</name>
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        <name>Republic of Indonesia</name>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
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        <name>Electricite de France SA</name>
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        <name>Anheuser-Busch InBev SA</name>
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        <name>Toro Co. (The)</name>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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        <name>Catalent, Inc.</name>
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        <name>Sprouts Farmers Market, Inc.</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Federal Agricultural Mortgage Corp.</name>
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        <name>PulteGroup, Inc.</name>
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        <name>United States of America</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>International Consolidated Airlines Group SA</name>
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        <name>CVS Health Corp.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>FNMA</name>
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        <name>Truist Bank</name>
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        <name>Fastenal Co.</name>
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        <name>GNMA</name>
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        <name>FinecoBank Banca Fineco SpA</name>
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        <name>Pioneer Natural Resources Co.</name>
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        <name>Electronic Arts, Inc.</name>
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        <name>STORE Capital Corp.</name>
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        <name>boohoo Group plc</name>
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        <name>Republic of Peru</name>
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        <name>QUALCOMM, Inc.</name>
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        <name>Enel Finance International NV</name>
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        <name>Schindler Holding AG</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Lam Research Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>FNMA</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Auto Trader Group plc</name>
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        <name>Kingfisher plc</name>
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        <name>United States of America</name>
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        <name>Isuzu Motors Ltd.</name>
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        <name>Oriental Republic of Uruguay</name>
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        <invCountry>UY</invCountry>
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        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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        <name>Ascential plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31418DTQ50"/>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westlake Chemical Corp.</name>
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        <title>Westlake Chemical Corp.</title>
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          <isin value="US960413AW24"/>
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      <invstOrSec>
        <name>Caterpillar, Inc.</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar, Inc.</title>
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          <isin value="US149123CH22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-09</maturityDt>
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      <invstOrSec>
        <name>Eastman Chemical Co.</name>
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        <title>Eastman Chemical Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cable One, Inc.</name>
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        <title>Cable One, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Packaging Corp. of America</name>
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        <title>Packaging Corp. of America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Imperial Brands Finance plc</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>Imperial Brands Finance plc</title>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NBCUniversal Media LLC</name>
        <lei>VTBDOQJ6KOGQ6K786R46</lei>
        <title>NBCUniversal Media LLC</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>Booz Allen Hamilton Holding Corp.</name>
        <lei>529900JPV47PIUWMA015</lei>
        <title>Booz Allen Hamilton Holding Corp.</title>
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          <isin value="US0995021062"/>
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        <invCountry>US</invCountry>
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        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Enel Finance International NV</name>
        <lei>0YQH6LCEF474UTUV4B96</lei>
        <title>Enel Finance International NV</title>
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        <invCountry>NL</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-14</maturityDt>
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        <name>AT&amp;T, Inc.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-15</maturityDt>
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        <name>salesforce.com, Inc.</name>
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        <name>SLM Corp.</name>
        <lei>N/A</lei>
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        <name>United States of America</name>
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        <invCountry>US</invCountry>
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        <name>Mitsubishi Electric Corp.</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>Mitsubishi Electric Corp.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Extra Space Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Extra Space Storage, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>Garmin Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DR Horton, Inc.</name>
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        <title>DR Horton, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc., Class A</title>
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          <isin value="US98138H1014"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Align Technology, Inc.</name>
        <lei>549300N5YSE0U3LCP840</lei>
        <title>Align Technology, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Singapore Exchange Ltd.</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>Singapore Exchange Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="SG1J26887955"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ferguson plc</name>
        <lei>213800DU1LGY3R2S2X42</lei>
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          <isin value="JE00BJVNSS43"/>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MTU Aero Engines AG</name>
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          <isin value="DE000A0D9PT0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Metal Mining Co. Ltd.</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>Sumitomo Metal Mining Co. Ltd.</title>
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          <isin value="JP3402600005"/>
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        <balance>20290.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IHS Markit Ltd.</name>
        <lei>549300HLPTRASHS0E726</lei>
        <title>IHS Markit Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG475671050"/>
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        <balance>12109.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA</title>
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          <isin value="FR0000121964"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>H&amp;R Block, Inc.</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block, Inc.</title>
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          <isin value="US0936711052"/>
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        <balance>28737.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pigeon Corp.</name>
        <lei>N/A</lei>
        <title>Pigeon Corp.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Amada Co. Ltd.</name>
        <lei>529900QF5O6TQGCPDX85</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Aspen Technology, Inc.</name>
        <lei>529900B0MZWTVFG7CB96</lei>
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        <invCountry>US</invCountry>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CyberArk Software Ltd.</name>
        <lei>529900YEXNDM894PWS93</lei>
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        <invCountry>IL</invCountry>

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        <name>Cigna Corp.</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Corp.</title>
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        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
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      <invstOrSec>
        <name>Taylor Wimpey plc</name>
        <lei>21380089BTRXTD8S3R66</lei>
        <title>Taylor Wimpey plc</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>N/A</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3133KJ7M8</cusip>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tecnicas Reunidas SA</name>
        <lei>213800JEZBUPZKWJGF49</lei>
        <title>Tecnicas Reunidas SA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
        <cusip>302941109</cusip>
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          <other otherDesc="Inhouse Asset ID" value="217275"/>
        </identifiers>
        <balance>124.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13853.28000000</valUSD>
        <pctVal>0.001714073268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
        <cusip>609839105</cusip>
        <identifiers>
          <isin value="US6098391054"/>
          <other otherDesc="Inhouse Asset ID" value="322260"/>
        </identifiers>
        <balance>2769.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1014090.87000000</valUSD>
        <pctVal>0.125473970909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <other otherDesc="Inhouse Asset ID" value="541304"/>
        </identifiers>
        <balance>1775.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293762.50000000</valUSD>
        <pctVal>0.036347381156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
        <cusip>29444U700</cusip>
        <identifiers>
          <isin value="US29444U7000"/>
          <other otherDesc="Inhouse Asset ID" value="304502"/>
        </identifiers>
        <balance>598.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427079.64000000</valUSD>
        <pctVal>0.052842777615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>eBay, Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay, Inc.</title>
        <cusip>278642103</cusip>
        <identifiers>
          <isin value="US2786421030"/>
          <other otherDesc="Inhouse Asset ID" value="56971"/>
        </identifiers>
        <balance>1422.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71455.50000000</valUSD>
        <pctVal>0.008841224779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>A O Smith Corp.</name>
        <lei>549300XG4US7UJNECY36</lei>
        <title>A O Smith Corp.</title>
        <cusip>831865209</cusip>
        <identifiers>
          <isin value="US8318652091"/>
          <other otherDesc="Inhouse Asset ID" value="1119"/>
        </identifiers>
        <balance>4010.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219828.20000000</valUSD>
        <pctVal>0.027199453212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cintas Corp.</name>
        <lei>N/A</lei>
        <title>Cintas Corp.</title>
        <cusip>172908105</cusip>
        <identifiers>
          <isin value="US1729081059"/>
          <other otherDesc="Inhouse Asset ID" value="29592"/>
        </identifiers>
        <balance>4469.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1579612.74000000</valUSD>
        <pctVal>0.195446274935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources, Inc.</title>
        <cusip>26875PAU5</cusip>
        <identifiers>
          <isin value="US26875PAU57"/>
          <other otherDesc="Inhouse Asset ID" value="1060277"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60829.88000000</valUSD>
        <pctVal>0.007526511498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Industries Corp.</name>
        <lei>35380000WKGEAHEMW830</lei>
        <title>Toyota Industries Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3634600005"/>
          <other otherDesc="Inhouse Asset ID" value="60861"/>
        </identifiers>
        <balance>5149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="103.25500000"/>
        <valUSD>409093.83000000</valUSD>
        <pctVal>0.050617384342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
        <cusip>086516101</cusip>
        <identifiers>
          <isin value="US0865161014"/>
          <other otherDesc="Inhouse Asset ID" value="25598"/>
        </identifiers>
        <balance>8880.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>886135.20000000</valUSD>
        <pctVal>0.109641951817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMS-Chemie Holding AG</name>
        <lei>529900G1XFTGSE0DIX60</lei>
        <title>EMS-Chemie Holding AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0016440353"/>
          <other otherDesc="Inhouse Asset ID" value="319934"/>
        </identifiers>
        <balance>317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.88530000"/>
        <valUSD>304942.23000000</valUSD>
        <pctVal>0.037730654745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-01-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
