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        <name>Lam Research Corp.</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>BlackRock, Inc.</name>
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        <name>MPLX LP</name>
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        <name>Royalty Pharma plc</name>
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        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Danske Bank A/S</name>
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        <name>Alphabet, Inc.</name>
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        <name>Electricite de France SA</name>
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        <name>Experian plc</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>United Therapeutics Corp.</name>
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        <name>Idemitsu Kosan Co. Ltd.</name>
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        <name>Walmart, Inc.</name>
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        <name>Ingredion, Inc.</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Valero Energy Corp.</name>
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        <title>Valero Energy Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CRH plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PayPal Holdings, Inc.</name>
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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>Comcast Corp.</name>
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          <isin value="US20030N1019"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <curCd>N/A</curCd>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>Republic of Peru</name>
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        <name>Venture Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Puma SE</name>
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      <invstOrSec>
        <name>Microchip Technology, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>FNMA</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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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Loews Corp.</name>
        <lei>R8V1FN4M5ITGZOG7BS19</lei>
        <title>Loews Corp.</title>
        <cusip>540424108</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>AMETEK, Inc.</name>
        <lei>549300WZDEF9KKE40E98</lei>
        <title>AMETEK, Inc.</title>
        <cusip>031100100</cusip>
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        <balance>1866.00000000</balance>
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        <name>Ingersoll Rand, Inc.</name>
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        <name>Muenchener Rueckversicherungs-Gesellschaft AG</name>
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        <name>United States of America</name>
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        <name>GNMA</name>
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        <name>NVIDIA Corp.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Telenor ASA</name>
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        <name>Forvia SE</name>
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        <name>Bank of America Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <name>Meta Platforms, Inc.</name>
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        <name>ServiceNow, Inc.</name>
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        <name>United States of America</name>
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        <name>Ovintiv, Inc.</name>
        <lei>2549003MEX7YMKLGI239</lei>
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        <invCountry>US</invCountry>
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        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
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        <balance>220000.00000000</balance>
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      <invstOrSec>
        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Sea Ltd.</name>
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        <name>Advantest Corp.</name>
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        <name>FHLMC Pool</name>
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        <name>Aker BP ASA</name>
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        <name>Bank of America Corp.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>NatWest Group plc</name>
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        <name>Xylem, Inc.</name>
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        <name>Chevron Corp.</name>
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        <name>United Mexican States</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>United States of America</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <title>Lattice Semiconductor Corp.</title>
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        <name>Var Energi ASA</name>
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        <name>GNMA</name>
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        <name>N/A</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>Canadian Natural Resources Ltd.</name>
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        <name>Curtiss-Wright Corp.</name>
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        <name>Virginia Electric and Power Co.</name>
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        <name>Subaru Corp.</name>
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        <name>Gen Digital, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
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      <invstOrSec>
        <name>Waters Corp.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Huntsman International LLC</name>
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        <name>Danaher Corp.</name>
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        <name>Atlas Copco AB</name>
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        <name>Stryker Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Icon Investments Six DAC</name>
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        <name>Mars, Inc.</name>
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        <name>US Bancorp</name>
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        <name>GNMA</name>
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        <name>GNMA</name>
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        <name>PayPal Holdings, Inc.</name>
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        <name>Comcast Corp.</name>
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        <name>Alphabet, Inc.</name>
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        <name>Adobe, Inc.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
        <cusip>458140100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Boston Scientific Corp.</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Intuit, Inc.</name>
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        <name>Amadeus IT Group SA</name>
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      <invstOrSec>
        <name>Cigna Group (The)</name>
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      <invstOrSec>
        <name>Biogen, Inc.</name>
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        <title>Biogen, Inc.</title>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
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          <isin value="US25160PAM95"/>
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        <invCountry>DE</invCountry>
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          <maturityDt>2027-09-09</maturityDt>
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      <invstOrSec>
        <name>Asahi Kasei Corp.</name>
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        <title>Asahi Kasei Corp.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <title>Sumitomo Mitsui Financial Group, Inc.</title>
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        <invCountry>JP</invCountry>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <invCountry>US</invCountry>
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        <name>Next plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <name>Haleon US Capital LLC</name>
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        <name>Fortescue Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>GSK plc</name>
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        <name>Republic Services, Inc.</name>
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        <name>Brambles Ltd.</name>
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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>GNMA</name>
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        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <name>LG Chem Ltd.</name>
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        <title>LG Chem Ltd.</title>
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        <name>ResMed, Inc.</name>
        <lei>529900T3QE5253CCXF22</lei>
        <title>ResMed, Inc.</title>
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        <name>Ingersoll Rand, Inc.</name>
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      <invstOrSec>
        <name>Logitech International SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley</name>
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      <invstOrSec>
        <name>ICON plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Duke Energy Ohio, Inc.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Check Point Software Technologies Ltd.</name>
        <lei>2549003ZVBH73EPNS513</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</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>
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          <isin value="US91282CDQ15"/>
          <other otherDesc="Inhouse Asset ID" value="1183083"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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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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      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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          <isin value="US316773DL15"/>
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        <balance>200000.00000000</balance>
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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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        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>549300ZAGI6FKGY8O078</lei>
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        <balance>45592.06000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45394.93000000</valUSD>
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        <name>PNC Financial Services Group, Inc. (The)</name>
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        <name>Berkshire Hathaway, Inc.</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>Berkshire Hathaway, Inc., Class B</title>
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        <name>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Future Ticker" value="UXYM5 Comdty"/>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single-family, 30 Year</title>
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        <name>NextEra Energy, Inc.</name>
        <lei>254900RHL9MEUS5NKX63</lei>
        <title>NextEra Energy, Inc.</title>
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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>Recruit Holdings Co. Ltd.</name>
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        <title>Recruit Holdings Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3970300004"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3304200003"/>
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        <balance>11500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
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          <isin value="US7134481081"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>adidas AG</name>
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        <title>adidas AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE000A1EWWW0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sartorius AG</name>
        <lei>529900EQV2DY4FOAMU38</lei>
        <title>Sartorius AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE0007165631"/>
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        <balance>1232.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sika AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>Sika AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0418792922"/>
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        <balance>3100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CFV8</cusip>
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          <isin value="US91282CFV81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2003359.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp., Class A</title>
        <cusip>35137L105</cusip>
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          <isin value="US35137L1052"/>
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        <balance>3229.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182761.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273RBF5</cusip>
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          <isin value="US29273RBF55"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>442300.61000000</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>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FDJ United</name>
        <lei>969500R4CLSQFTYYI535</lei>
        <title>FDJ United</title>
        <cusip>N/A</cusip>
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          <isin value="FR0013451333"/>
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        <balance>2949.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Travelers Cos., Inc. (The)</name>
        <lei>549300Y650407RU8B149</lei>
        <title>Travelers Cos., Inc. (The)</title>
        <cusip>89417E109</cusip>
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          <isin value="US89417E1091"/>
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        <balance>5502.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1455058.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
        <cusip>30161NAX9</cusip>
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          <isin value="US30161NAX93"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494279.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canadian Natural Resources Ltd.</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>Canadian Natural Resources Ltd.</title>
        <cusip>136385AL5</cusip>
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          <isin value="US136385AL51"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145341.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nitto Denko Corp.</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>Nitto Denko Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3684000007"/>
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        <balance>19400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Wharf Real Estate Investment Co. Ltd.</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>Wharf Real Estate Investment Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG9593A1040"/>
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        <balance>47000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group plc</title>
        <cusip>N/A</cusip>
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        <invCountry>GB</invCountry>
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        <name>Dropbox, Inc.</name>
        <lei>549300JCDF7UAR6TJR51</lei>
        <title>Dropbox, Inc., Class A</title>
        <cusip>26210C104</cusip>
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          <isin value="US26210C1045"/>
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        <balance>3730.00000000</balance>
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        <valUSD>99628.30000000</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>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>Fair Isaac Corp.</title>
        <cusip>303250104</cusip>
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          <isin value="US3032501047"/>
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        <balance>319.00000000</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>Georgia Power Co.</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>Georgia Power Co.</title>
        <cusip>373334JW2</cusip>
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          <isin value="US373334JW27"/>
          <other otherDesc="Inhouse Asset ID" value="515645"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343452.04000000</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>2042-03-15</maturityDt>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
        <cusip>620076BN8</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1176751"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>328685.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-23</maturityDt>
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          <annualizedRt>4.60000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XCL2</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1421123"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161376.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <name>Pacific Gas and Electric Co.</name>
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        <name>Albertsons Cos., Inc.</name>
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        <name>Veralto Corp.</name>
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        <name>American Express Co.</name>
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        <name>Oracle Corp.</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Constellation Energy Generation LLC</name>
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        <name>Spotify Technology SA</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Kroger Co. (The)</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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      <invstOrSec>
        <name>Warnermedia Holdings, Inc.</name>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Camden Property Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Edison International</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Solvay Finance America LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MGIC Investment Corp.</name>
        <lei>254900S8483WM4M98R28</lei>
        <title>MGIC Investment Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <title>FHLMC Pool, 30 Year</title>
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          <isin value="US3132DWFG33"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
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        <title>Johnson &amp; Johnson</title>
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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>Tokyo Gas Co. Ltd.</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>Tokyo Gas Co. Ltd.</title>
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          <isin value="JP3573000001"/>
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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>Merck &amp; Co., Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Mastercard, Inc.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Barclays plc</name>
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        <name>Lloyds Banking Group plc</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <invCountry>US</invCountry>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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      <invstOrSec>
        <name>JBS USA Holding LUX SARL / JBS USA Food Co. / JBS LUX Co. SARL</name>
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        <name>Rexel SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>Rexel SA</title>
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        <invCountry>FR</invCountry>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
        <cusip>620076307</cusip>
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        <invCountry>US</invCountry>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000131104"/>
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        <balance>5939.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="264173"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
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            <amtCurSold>224262.39000000</amtCurSold>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <other otherDesc="Inhouse Asset ID" value="47226"/>
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        <balance>23696.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
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        <pctVal>0.123551023862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
        <cusip>532457CH9</cusip>
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          <isin value="US532457CH90"/>
          <other otherDesc="Inhouse Asset ID" value="1239492"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>195895.92000000</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>2063-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3132DWMU4</cusip>
        <identifiers>
          <isin value="US3132DWMU44"/>
          <other otherDesc="Inhouse Asset ID" value="1394553"/>
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        <balance>462674.91600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>477288.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3132DWER0</cusip>
        <identifiers>
          <isin value="US3132DWER07"/>
          <other otherDesc="Inhouse Asset ID" value="1241965"/>
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        <balance>0.00200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Industria de Diseno Textil SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria de Diseno Textil SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0148396007"/>
          <other otherDesc="Inhouse Asset ID" value="209668"/>
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        <balance>8177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <pctVal>0.075378076204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
        <cusip>92556HAB3</cusip>
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          <isin value="US92556HAB33"/>
          <other otherDesc="Inhouse Asset ID" value="1058413"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>384533.45000000</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>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cie de Saint-Gobain SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Cie de Saint-Gobain SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <other otherDesc="Inhouse Asset ID" value="54257"/>
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        <balance>4728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <pctVal>0.087197251879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tesla, Inc.</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>Tesla, Inc.</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
          <other otherDesc="Inhouse Asset ID" value="471518"/>
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        <balance>4004.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1037676.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <other otherDesc="Inhouse Asset ID" value="490761"/>
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        <balance>1934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.89965000"/>
        <valUSD>296407.35000000</valUSD>
        <pctVal>0.054875881471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128285M8</cusip>
        <identifiers>
          <isin value="US9128285M81"/>
          <other otherDesc="Inhouse Asset ID" value="941360"/>
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        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>798442.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kering SA</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>Kering SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121485"/>
          <other otherDesc="Inhouse Asset ID" value="236599"/>
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        <balance>2178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deutsche Post AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>Deutsche Post AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE0005552004"/>
          <other otherDesc="Inhouse Asset ID" value="197968"/>
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        <balance>1221.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single-family, 30 Year</title>
        <cusip>36179X5G7</cusip>
        <identifiers>
          <isin value="US36179X5G75"/>
          <other otherDesc="Inhouse Asset ID" value="1275401"/>
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        <balance>0.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
        <cusip>013817AK7</cusip>
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          <isin value="US013817AK77"/>
          <other otherDesc="Inhouse Asset ID" value="600140"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261935.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>31418D7F3</cusip>
        <identifiers>
          <isin value="US31418D7F32"/>
          <other otherDesc="Inhouse Asset ID" value="1173380"/>
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        <balance>962659.28600000</balance>
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        <curCd>USD</curCd>
        <valUSD>803826.67000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SN9</cusip>
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          <isin value="US912810SN90"/>
          <other otherDesc="Inhouse Asset ID" value="1072732"/>
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        <balance>1710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>849589.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single-family, 30 Year</title>
        <cusip>36179YKT0</cusip>
        <identifiers>
          <isin value="US36179YKT00"/>
          <other otherDesc="Inhouse Asset ID" value="1308740"/>
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        <balance>74162.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75629.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
        <cusip>666807102</cusip>
        <identifiers>
          <isin value="US6668071029"/>
          <other otherDesc="Inhouse Asset ID" value="27895"/>
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        <balance>2317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1186327.17000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Targa Resources Partners LP / Targa Resources Partners Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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          <isin value="US404280CJ69"/>
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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>
        <lei>549300M6SGDPB4Z94P11</lei>
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          <isin value="FR0010259150"/>
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        <invCountry>FR</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="272984"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
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        <title>Chocoladefabriken Lindt &amp; Spruengli AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Sun Hung Kai Properties Ltd.</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd.</title>
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          <isin value="HK0016000132"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Becton Dickinson &amp; Co.</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson &amp; Co.</title>
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          <isin value="US0758871091"/>
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        <curCd>USD</curCd>
        <valUSD>723829.60000000</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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        <name>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt</title>
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          <isin value="GB00BPSNBB36"/>
          <other otherDesc="Inhouse Asset ID" value="1388957"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>BlackRock Funding, Inc.</name>
        <lei>N/A</lei>
        <title>BlackRock Funding, Inc.</title>
        <cusip>09290DAC5</cusip>
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          <isin value="US09290DAC56"/>
          <other otherDesc="Inhouse Asset ID" value="1337879"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130317.11000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-14</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Mitsubishi Estate Co. Ltd.</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ageas SA</name>
        <lei>5493005DJBML6LY3RV36</lei>
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        <balance>4152.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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          <isin value="US375558BZ59"/>
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        <balance>185000.00000000</balance>
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        <valUSD>189400.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Enterprise Products Partners LP</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
        <title>Enterprise Products Partners LP</title>
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          <isin value="US2937921078"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Vodafone Group plc</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group plc</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>31418D4X7</cusip>
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          <isin value="US31418D4X74"/>
          <other otherDesc="Inhouse Asset ID" value="1164418"/>
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        <balance>323566.02000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258134.76000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</maturityDt>
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      <invstOrSec>
        <name>Aegon Ltd.</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>Aegon Ltd.</title>
        <cusip>N/A</cusip>
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        <balance>36028.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MS&amp;AD Insurance Group Holdings, Inc.</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS&amp;AD Insurance Group Holdings, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3890310000"/>
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        <name>Verizon Communications, Inc.</name>
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        <title>Verizon Communications, Inc.</title>
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        <name>Simon Property Group, Inc.</name>
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        <name>Corebridge Financial, Inc.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial, Inc.</title>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>Westlake Corp.</name>
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      <invstOrSec>
        <name>Smurfit WestRock plc</name>
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        <invCountry>IE</invCountry>

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        <name>Tesla, Inc.</name>
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        <name>Mizuho Financial Group, Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc.</title>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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        <name>EDP Finance BV</name>
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        <name>United States of America</name>
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        <name>GNMA</name>
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        <name>Publicis Groupe SA</name>
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        <name>Pertamina Persero PT</name>
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        <title>Pertamina Persero PT</title>
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        <invCountry>ID</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE</title>
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        <invCountry>FR</invCountry>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Panasonic Holdings Corp.</name>
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      <invstOrSec>
        <name>Teleperformance SE</name>
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      <invstOrSec>
        <name>RELX plc</name>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>Prudential plc</name>
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        <invCountry>GB</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PTC, Inc.</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC, Inc.</title>
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      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
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        <name>Hartford Insurance Group, Inc. (The)</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>Hartford Insurance Group, Inc. (The)</title>
        <cusip>416515104</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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        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
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        <balance>50000.00000000</balance>
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        <name>Athene Holding Ltd.</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd.</title>
        <cusip>04686JAH4</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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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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        <name>Progressive Corp. (The)</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>Progressive Corp. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPMorgan Chase &amp; Co.</title>
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        <name>Rakuten Group, Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>Rakuten Group, Inc.</title>
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        <name>ASML Holding NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
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        <assetCat>EC</assetCat>
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        <name>Pro Medicus Ltd.</name>
        <lei>N/A</lei>
        <title>Pro Medicus Ltd.</title>
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          <other otherDesc="Inhouse Asset ID" value="648996"/>
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        <balance>569.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CK Asset Holdings Ltd.</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings Ltd.</title>
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          <isin value="KYG2177B1014"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic Services, Inc.</name>
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        <name>Metropolitan Life Global Funding I</name>
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        <name>FHLMC Pool</name>
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        <name>FFCB</name>
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        <name>United States of America</name>
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        <name>Tokyo Electron Ltd.</name>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31418D3G50"/>
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      <invstOrSec>
        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Scout24 SE</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sherwin-Williams Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VeriSign, Inc.</name>
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        <title>VeriSign, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hologic, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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      <invstOrSec>
        <name>Old Republic International Corp.</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>Old Republic International Corp.</title>
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        <balance>3644.00000000</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>Nice Ltd.</name>
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        <title>Nice Ltd.</title>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Hermes International SCA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International SCA</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
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      <invstOrSec>
        <name>Telefonaktiebolaget LM Ericsson</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>Telefonaktiebolaget LM Ericsson, Class B</title>
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        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <name>Hitachi Ltd.</name>
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        <title>Hitachi Ltd.</title>
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        <name>WW Grainger, Inc.</name>
        <lei>549300TWZSP6O1IH2V34</lei>
        <title>WW Grainger, Inc.</title>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ACV7</cusip>
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      <invstOrSec>
        <name>HDFC Bank Ltd.</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Travelers Cos., Inc. (The)</name>
        <lei>549300Y650407RU8B149</lei>
        <title>Travelers Cos., Inc. (The)</title>
        <cusip>89417E109</cusip>
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        <name>Republic of Colombia</name>
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        <name>Genpact Ltd.</name>
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        <name>Petroleos Mexicanos</name>
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        <name>Chipotle Mexican Grill, Inc.</name>
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        <name>FNMA</name>
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        <name>Adobe, Inc.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Owens Corning</name>
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        <name>Amazon.com, Inc.</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>United States of America</name>
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        <name>Wolters Kluwer NV</name>
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        <name>Ralph Lauren Corp.</name>
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        <name>Autodesk, Inc.</name>
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        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Deere &amp; Co.</name>
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      <invstOrSec>
        <name>Marvell Technology, Inc.</name>
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        <name>GNMA</name>
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        <name>RS Group plc</name>
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        <name>Builders FirstSource, Inc.</name>
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        <name>Eurofins Scientific SE</name>
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        <invCountry>LU</invCountry>
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        <name>Sammons Financial Group, Inc.</name>
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        <name>Tesco plc</name>
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        <name>Axis Capital Holdings Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>Iberdrola SA</name>
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        <name>United States of America</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>African Export-Import Bank (The)</name>
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        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S</title>
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        <invCountry>DK</invCountry>
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      <invstOrSec>
        <name>Freeport-McMoRan, Inc.</name>
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      <invstOrSec>
        <name>Wesfarmers Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AutoZone, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Tobacco, Inc.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Huntington Bancshares, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Otis Worldwide Corp.</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>Otis Worldwide Corp.</title>
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        <name>Netflix, Inc.</name>
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        <title>Netflix, Inc.</title>
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        <name>American Airlines Pass-Through Trust</name>
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        <invCountry>US</invCountry>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>3140X5SU8</cusip>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Otis Worldwide Corp.</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>Otis Worldwide Corp.</title>
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        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
        <cusip>808513105</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hoya Corp.</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>Hoya Corp.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135F101</cusip>
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        <name>McKesson Corp.</name>
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        <name>Martin Marietta Materials, Inc.</name>
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        <name>Prologis Targeted US Logistics Fund LP</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>ABB Ltd.</name>
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        <name>BAE Systems plc</name>
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        <name>Northern Star Resources Ltd.</name>
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        <name>Southern Co. Gas Capital Corp.</name>
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        <name>Abbott Laboratories</name>
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        <name>FHLMC Pool</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Toyota Tsusho Corp.</name>
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        <name>Medtronic plc</name>
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        <name>Koninklijke Ahold Delhaize NV</name>
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        <name>United Airlines Holdings, Inc.</name>
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        <name>Air Products and Chemicals, Inc.</name>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
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        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
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        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
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        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>GNMA</name>
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        <name>Amcor Flexibles North America, Inc.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Bayer US Finance II LLC</name>
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        <name>FNMA</name>
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        <name>Hess Corp.</name>
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        <name>Sekisui House Ltd.</name>
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        <name>ASML Holding NV</name>
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        <name>N/A</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Sage Group plc (The)</name>
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        <name>Qantas Airways Ltd.</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
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        <name>Leonardo SpA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
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      <invstOrSec>
        <name>FNMA</name>
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          <isin value="US31418D2L54"/>
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        <name>Bank of America Corp.</name>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
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          <maturityDt>2054-12-10</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61747YFE05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-21</maturityDt>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
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        <title>CVS Health Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>31418D3Z3</cusip>
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          <isin value="US31418D3Z32"/>
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        <issuerCat>USGSE</issuerCat>
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        <name>GNMA</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <name>United Mexican States</name>
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        <title>Mexican Bonos Desarr Fixed Rate, Series M</title>
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        <name>N/A</name>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
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        <name>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 E-Mini Index</title>
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        <name>FHLMC Pool</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <name>SBM Offshore NV</name>
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        <invCountry>NL</invCountry>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <name>Verizon Communications, Inc.</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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          <other otherDesc="Future Ticker" value="TYM5 Comdty"/>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Delta Air Lines, Inc. / SkyMiles IP Ltd.</name>
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        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems, Inc.</title>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
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        <name>BellRing Brands, Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Palo Alto Networks, Inc.</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks, Inc.</title>
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      <invstOrSec>
        <name>Starbucks Corp.</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>Starbucks Corp.</title>
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        <name>RTX Corp.</name>
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        <name>Wartsila OYJ Abp</name>
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        <name>Vodafone Group plc</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>Bandai Namco Holdings, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Asics Corp.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>Foundry JV Holdco LLC</name>
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        <name>Mitsubishi Chemical Group Corp.</name>
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      <invstOrSec>
        <name>Cochlear Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>First Industrial Realty Trust, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Thermo Fisher Scientific, Inc.</name>
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        <title>Thermo Fisher Scientific, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Motorola Solutions, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Workday, 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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      <invstOrSec>
        <name>Williams Cos., Inc. (The)</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos., Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cigna Group (The)</name>
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        <title>Cigna Group (The)</title>
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        <curCd>USD</curCd>
        <valUSD>182024.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
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      <invstOrSec>
        <name>Stockland</name>
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        <title>Stockland</title>
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          <isin value="AU000000SGP0"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Erste Group Bank AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>Erste Group Bank AG</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
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        <title>Targa Resources Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Berkshire Hathaway, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <name>Jefferies Financial Group, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Morgan Stanley</name>
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        <title>Morgan Stanley</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
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        <name>Unilever plc</name>
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        <title>Unilever plc</title>
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        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
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        <title>Charter Communications Operating LLC / Charter Communications Operating Capital Corp.</title>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
        <cusip>87264ABN4</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>225401BE7</cusip>
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        <name>United States of America</name>
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        <name>Roche Holding AG</name>
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        <name>Allianz SE</name>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>Arab Republic of Egypt</name>
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        <title>Egypt Treasury Bills</title>
        <cusip>N/A</cusip>
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          <isin value="EGT998017P18"/>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodafone Group plc</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-27</maturityDt>
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        <name>FHLMC Pool</name>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2052-05-01</maturityDt>
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        <name>Berkshire Hathaway Energy Co.</name>
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        <name>United States of America</name>
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        <name>NatWest Group plc</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Ascension Health</name>
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        <name>Yokogawa Electric Corp.</name>
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        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
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        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
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        <name>UnitedHealth Group, Inc.</name>
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        <title>UnitedHealth Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>FHLMC Pool</name>
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        <name>United States of America</name>
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        <name>Bank of America Corp.</name>
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        <name>Intuitive Surgical, Inc.</name>
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        <name>F5, Inc.</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems, Inc.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Edison International</name>
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        <name>United States of America</name>
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        <name>McCormick &amp; Co., Inc.</name>
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        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp.</title>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>ConocoPhillips</name>
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        <title>ConocoPhillips</title>
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        <name>RPM International, Inc.</name>
        <lei>549300TJCKW4BRXPJ474</lei>
        <title>RPM International, Inc.</title>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single-family, 30 Year</title>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Bunge Global SA</name>
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        <name>Truist Financial Corp.</name>
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        <name>JD Sports Fashion plc</name>
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        <name>Analog Devices, Inc.</name>
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        <name>JPMorgan Chase &amp; Co.</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>Shell plc</name>
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        <name>VICI Properties LP</name>
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        <name>AIB Group plc</name>
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        <name>Burlington Northern Santa Fe LLC</name>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GNMA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reliance, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vistra Corp.</name>
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        <title>Vistra Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Roche Holding AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
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      <invstOrSec>
        <name>ConocoPhillips</name>
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        <title>ConocoPhillips</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>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
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          <isin value="US3133BBSW00"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <balance>200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-22</maturityDt>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Ingersoll Rand, Inc.</name>
        <lei>5299004C02FMZCUOIR50</lei>
        <title>Ingersoll Rand, Inc.</title>
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        <name>BASF SE</name>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <name>IDEXX Laboratories, Inc.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
        <title>IDEXX Laboratories, Inc.</title>
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        <name>T Rowe Price Group, Inc.</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>T Rowe Price Group, Inc.</title>
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        <name>Duke Energy Florida LLC</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
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          <isin value="US3140X9JG10"/>
          <other otherDesc="Inhouse Asset ID" value="1198024"/>
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        <name>Toyota Motor Corp.</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <balance>3920000.00000000</balance>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
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        <name>Conagra Brands, Inc.</name>
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        <name>JBS USA Holding LUX SARL / JBS USA Food Co. / JBS LUX Co. SARL</name>
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      <invstOrSec>
        <name>Carrefour SA</name>
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        <invCountry>FR</invCountry>
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        <name>DuPont de Nemours, Inc.</name>
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        <name>Genmab A/S</name>
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        <name>WH Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Infineon Technologies AG</name>
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        <invCountry>DE</invCountry>
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        <name>Prudential plc</name>
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        <name>AppLovin Corp.</name>
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        <name>XPO, Inc.</name>
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        <name>West Pharmaceutical Services, Inc.</name>
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        <name>FNMA</name>
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        <name>ServiceNow, Inc.</name>
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        <name>Microsoft Corp.</name>
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        <title>Microsoft Corp.</title>
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        <name>Visa, Inc.</name>
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        <name>ARM Holdings plc</name>
        <lei>2138001E66EELTE7Y904</lei>
        <title>ARM Holdings plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
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        <name>GNMA</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <name>Republic of South Africa</name>
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        <name>United States of America</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>Straumann Holding AG</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <title>Hewlett Packard Enterprise Co.</title>
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        <name>IQVIA, Inc.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>UniCredit SpA</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>Agilent Technologies, Inc.</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>J.P. Morgan Fund Investor LLC</name>
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        <name>Martin Marietta Materials, Inc.</name>
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      <invstOrSec>
        <name>Siemens AG</name>
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      <invstOrSec>
        <name>People's Republic of China</name>
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      <invstOrSec>
        <name>RTX Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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      <invstOrSec>
        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Cie Generale des Etablissements Michelin SCA</name>
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        <title>Cie Generale des Etablissements Michelin SCA</title>
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          <isin value="FR001400AJ45"/>
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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>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3132DWC684"/>
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        <curCd>USD</curCd>
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          <maturityDt>2052-02-01</maturityDt>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="270100"/>
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        <curCd>N/A</curCd>
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      <invstOrSec>
        <name>ACS Actividades de Construccion y Servicios SA</name>
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        <title>ACS Actividades de Construccion y Servicios SA</title>
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        <invCountry>ES</invCountry>
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        <name>Walt Disney Co. (The)</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810QX9</cusip>
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          <isin value="US912810QX90"/>
          <other otherDesc="Inhouse Asset ID" value="528452"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62487.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AstraZeneca plc</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca plc</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marsh &amp; McLennan Cos., Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>Marsh &amp; McLennan Cos., Inc.</title>
        <cusip>571748BJ0</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.90000000</annualizedRt>
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        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
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        <name>Kimberly-Clark de Mexico SAB de CV</name>
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        <title>Kimberly-Clark de Mexico SAB de CV</title>
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        <name>N/A</name>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TDK Corp.</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK Corp.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="47345"/>
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        <assetCat>EC</assetCat>
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        <name>Amgen, Inc.</name>
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        <name>FHLMC Pool</name>
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        <name>Otsuka Holdings Co. Ltd.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Societe Generale SA</name>
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        <name>AbbVie, Inc.</name>
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        <name>Pfizer Investment Enterprises Pte. Ltd.</name>
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        <name>Microsoft Corp.</name>
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        <name>Deere &amp; Co.</name>
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        <name>Molson Coors Beverage Co.</name>
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        <name>Energy Transfer LP</name>
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        <name>RGA Global Funding</name>
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        <name>United States of America</name>
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        <name>Essex Portfolio LP</name>
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        <name>CF Industries Holdings, Inc.</name>
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        <name>N/A</name>
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        <name>Galp Energia SGPS SA</name>
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        <name>Truist Financial Corp.</name>
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        <name>Prologis, Inc.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>NIKE, Inc.</name>
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        <name>N/A</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>Safran SA</name>
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        <name>United States of America</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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        <name>ManpowerGroup, Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>GNMA</name>
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        <name>FHLMC Pool</name>
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        <name>Huntington Bancshares, Inc.</name>
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        <name>United States of America</name>
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        <name>GNMA</name>
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        <name>United States of America</name>
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        <name>AIA Group Ltd.</name>
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        <name>3M Co.</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>GNMA</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>Engie SA</name>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <name>Lonza Group AG</name>
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        <name>MercadoLibre, Inc.</name>
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        <name>S&amp;P Global, Inc.</name>
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        <name>Charter Communications Operating LLC / Charter Communications Operating Capital</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>Coca-Cola HBC AG</name>
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        <name>Fox Corp.</name>
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        <title>Fox Corp.</title>
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        <name>RTX Corp.</name>
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        <title>RTX Corp.</title>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>DuPont de Nemours, Inc.</name>
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        <title>DuPont de Nemours, Inc.</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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      <invstOrSec>
        <name>Comision Federal de Electricidad</name>
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      <invstOrSec>
        <name>Old Dominion Freight Line, Inc.</name>
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      <invstOrSec>
        <name>Dick's Sporting Goods, Inc.</name>
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        <name>Unum Group</name>
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        <name>Ecolab, Inc.</name>
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        <name>United States of America</name>
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        <name>Dassault Aviation SA</name>
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        <invCountry>FR</invCountry>
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        <name>Virginia Electric and Power Co.</name>
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        <name>American Tower Corp.</name>
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        <name>Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.</name>
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        <name>Masco Corp.</name>
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        <name>Intuitive Surgical, Inc.</name>
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        <title>Intuitive Surgical, Inc.</title>
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        <name>State Street Corp.</name>
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        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <invCountry>BR</invCountry>
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        <name>Eaton Corp. plc</name>
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        <invCountry>IE</invCountry>

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        <name>AbbVie, Inc.</name>
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        <name>Intuit, Inc.</name>
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        <title>Intuit, Inc.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-11-15</maturityDt>
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      <invstOrSec>
        <name>WRKCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Etsy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arrow Electronics, Inc.</name>
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        <name>FHLMC Pool</name>
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          <maturityDt>2052-08-01</maturityDt>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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          <isin value="US9078181081"/>
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        <name>EXOR NV</name>
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        <name>WEC Energy Group, Inc.</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CLT61"/>
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        <balance>450000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Marathon Petroleum Corp.</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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        <name>ABN AMRO Bank NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Shopify, Inc.</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>Shopify, Inc., Class A</title>
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        <invCountry>CA</invCountry>
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        <name>Boston Scientific Corp.</name>
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        <title>Boston Scientific Corp.</title>
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        <name>Pearson plc</name>
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        <balance>3792.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <name>NXP Semiconductors NV</name>
        <lei>724500M9BY5293JDF951</lei>
        <title>NXP Semiconductors NV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America, Inc.</title>
        <cusip>10373QBU3</cusip>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
        <title>Regeneron Pharmaceuticals, Inc.</title>
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        <name>CSL Finance plc</name>
        <lei>2549007CCNBNAF4HBC02</lei>
        <title>CSL Finance plc</title>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>

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          <maturityDt>2032-04-27</maturityDt>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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      <invstOrSec>
        <name>Booking Holdings, Inc.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NetApp, Inc.</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NetApp, Inc.</title>
        <cusip>64110D104</cusip>
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          <isin value="US64110D1046"/>
          <other otherDesc="Inhouse Asset ID" value="36186"/>
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        <balance>3052.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268087.68000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Southern California Gas Co.</name>
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        <name>Westinghouse Air Brake Technologies Corp.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Intel Corp.</name>
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        <name>Amgen, Inc.</name>
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        <name>Deutsche Telekom AG</name>
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        <invCountry>DE</invCountry>
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        <name>Hyundai Capital America</name>
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        <name>United States of America</name>
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        <name>Synopsys, Inc.</name>
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        <name>Progressive Corp. (The)</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Novartis AG</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Sompo Holdings, Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
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        <name>Prosus NV</name>
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        <name>Incyte Corp.</name>
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        <name>DT Midstream, Inc.</name>
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        <name>MongoDB, Inc.</name>
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        <name>Barratt Redrow plc</name>
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        <name>Illinois Tool Works, Inc.</name>
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        <name>Keyence Corp.</name>
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        <name>Albemarle Corp.</name>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
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        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
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        <name>Aflac, Inc.</name>
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        <name>Leidos Holdings, Inc.</name>
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        <title>Leidos Holdings, Inc.</title>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Accenture plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Industrivarden AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <name>GNMA</name>
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          <isin value="US36179W2U15"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-04-20</maturityDt>
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        <name>Asahi Group Holdings Ltd.</name>
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        <title>Asahi Group Holdings Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Uber Technologies, Inc.</name>
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        <title>Uber Technologies, Inc.</title>
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        <name>Oracle Corp.</name>
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        <title>Oracle Corp.</title>
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          <maturityDt>2031-03-25</maturityDt>
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        <name>Stryker Corp.</name>
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        <title>Stryker 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>7-Eleven, Inc.</name>
        <lei>549300K23JPL0SS3LB18</lei>
        <title>7-Eleven, Inc.</title>
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        <valUSD>236612.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Toronto-Dominion Bank (The)</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The)</title>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-17</maturityDt>
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        <name>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</name>
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        <invCountry>IE</invCountry>
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        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
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      <invstOrSec>
        <name>Rio Tinto Finance USA plc</name>
        <lei>2138006TSNBEUA761G16</lei>
        <title>Rio Tinto Finance USA plc</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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      <invstOrSec>
        <name>Disco Corp.</name>
        <lei>N/A</lei>
        <title>Disco Corp.</title>
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        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
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        <valUSD>94641.71000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
        <cusip>126650100</cusip>
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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>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA II, Single-family, 30 Year</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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      <invstOrSec>
        <name>Fastenal Co.</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>United States of America</name>
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          <isin value="US91282CMJ70"/>
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        <fairValLevel>2</fairValLevel>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>Electronic Arts, Inc.</name>
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        <name>Entergy Corp.</name>
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        <title>Entergy Corp.</title>
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        <name>Sempra, Inc.</name>
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        <name>QUALCOMM, Inc.</name>
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        <name>Baxter International, Inc.</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
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        <name>San Bernardino Community College District</name>
        <lei>549300Y4FPTEP3EQZ007</lei>
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        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
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        <name>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG</title>
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        <name>United States of America</name>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>Shin-Etsu Chemical Co. Ltd.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Brown &amp; Brown, Inc.</name>
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        <name>Morgan Stanley</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>Capital One Financial Corp.</name>
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        <name>American Tower Corp.</name>
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        <name>United States of America</name>
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        <name>Boeing Co. (The)</name>
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      <invstOrSec>
        <name>Isuzu Motors Ltd.</name>
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        <title>Isuzu Motors Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3137200006"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Becton Dickinson &amp; Co.</name>
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        <title>Becton Dickinson &amp; Co.</title>
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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>Wells Fargo &amp; Co.</name>
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        <title>Wells Fargo &amp; Co.</title>
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          <isin value="US95000U3D31"/>
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        <curCd>USD</curCd>
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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>2034-04-24</maturityDt>
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      <invstOrSec>
        <name>FNMA</name>
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          <isin value="US31418D4Y57"/>
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        <curCd>USD</curCd>
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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>2051-10-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <title>DTE Energy Co.</title>
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          <isin value="US233331BJ54"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>Barclays plc</name>
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        <title>Barclays plc</title>
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          <isin value="US06738ECX13"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-25</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
        <cusip>539830109</cusip>
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          <isin value="US5398301094"/>
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        <balance>1903.00000000</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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S</title>
        <cusip>670100205</cusip>
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          <isin value="US6701002056"/>
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        <balance>11637.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>808073.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kinaxis, Inc.</name>
        <lei>5299009VAZ14K7PFUQ15</lei>
        <title>Kinaxis, Inc.</title>
        <cusip>49448Q109</cusip>
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          <isin value="CA49448Q1090"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676AB1</cusip>
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          <isin value="US571676AB18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93963.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPMorgan Chase &amp; Co.</title>
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        <balance>12961.00000000</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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        <name>NatWest Group plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="267519"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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      <invstOrSec>
        <name>EMCOR Group, Inc.</name>
        <lei>529900X0SQJB2J7YDU43</lei>
        <title>EMCOR Group, Inc.</title>
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        <assetCat>EC</assetCat>
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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>United Kingdom of Great Britain and Northern Ireland</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>United Kingdom Gilt</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1388962"/>
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        <balance>920000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>VICI Properties LP / VICI Note Co., Inc.</name>
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        <title>VICI Properties LP / VICI Note Co., Inc.</title>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Swiss Re AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss Re AG</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="494656"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ferrari NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011585146"/>
          <other otherDesc="Inhouse Asset ID" value="622906"/>
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        <balance>107.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newmont Corp. / Newcrest Finance Pty. Ltd.</name>
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        <name>FNMA</name>
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        <name>Salesforce, Inc.</name>
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        <name>InterContinental Hotels Group plc</name>
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        <name>Rolls-Royce Holdings plc</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Fidelity National Information Services, Inc.</name>
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        <name>Mitsubishi Electric Corp.</name>
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        <name>Microsoft Corp.</name>
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        <name>Workday, Inc.</name>
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        <name>Xero Ltd.</name>
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        <name>Federative Republic of Brazil</name>
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        <name>Citibank NA</name>
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        <name>Singapore Exchange Ltd.</name>
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        <name>MTU Aero Engines AG</name>
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        <invCountry>DE</invCountry>
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        <name>Makita Corp.</name>
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        <name>H&amp;R Block, Inc.</name>
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        <name>UniCredit SpA</name>
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        <name>McDonald's Corp.</name>
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        <title>McDonald's Corp.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Haleon plc</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>Haleon plc</title>
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          <isin value="US4055521003"/>
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        <balance>4260.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43835.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Inficon Holding AG</name>
        <lei>5067008UT6890I0YM937</lei>
        <title>Inficon Holding AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0011029946"/>
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        <balance>180.00000000</balance>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Arthur J Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co.</title>
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          <isin value="US04316JAF66"/>
          <other otherDesc="Inhouse Asset ID" value="1306911"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162926.96000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CyberArk Software Ltd.</name>
        <lei>529900YEXNDM894PWS93</lei>
        <title>CyberArk Software Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011334468"/>
          <other otherDesc="Inhouse Asset ID" value="587976"/>
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        <balance>2700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>912600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Synopsys, Inc.</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>Synopsys, Inc.</title>
        <cusip>871607AG2</cusip>
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          <isin value="US871607AG29"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139106.85000000</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>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX0MGO000102"/>
          <other otherDesc="Inhouse Asset ID" value="1125979"/>
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        <balance>4430000.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.46450000"/>
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        <pctVal>0.033215034561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.99999920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>3140XCST6</cusip>
        <identifiers>
          <isin value="US3140XCST66"/>
          <other otherDesc="Inhouse Asset ID" value="1233986"/>
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        <balance>179728.20800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136016.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <other otherDesc="Inhouse Asset ID" value="19148"/>
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        <balance>25017.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>991810.81000000</valUSD>
        <pctVal>0.183620589881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>31418EB90</cusip>
        <identifiers>
          <isin value="US31418EB908"/>
          <other otherDesc="Inhouse Asset ID" value="1197230"/>
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        <balance>384545.42900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>320532.17000000</valUSD>
        <pctVal>0.059342271265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, 30 Year</title>
        <cusip>31418EHK9</cusip>
        <identifiers>
          <isin value="US31418EHK91"/>
          <other otherDesc="Inhouse Asset ID" value="1215199"/>
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        <balance>0.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.04000000</valUSD>
        <pctVal>0.000000007405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
        <cusip>609839105</cusip>
        <identifiers>
          <isin value="US6098391054"/>
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        <balance>831.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>481963.38000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="267015"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>17177.55000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc., Class A</title>
        <cusip>98978V103</cusip>
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          <isin value="US98978V1035"/>
          <other otherDesc="Inhouse Asset ID" value="541304"/>
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        <balance>152.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25026.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
        <cusip>79466LAJ3</cusip>
        <identifiers>
          <isin value="US79466LAJ35"/>
          <other otherDesc="Inhouse Asset ID" value="1167909"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301510.47000000</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>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palo Alto Networks, Inc.</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks, Inc.</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
          <other otherDesc="Inhouse Asset ID" value="526394"/>
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        <balance>162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27643.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <other otherDesc="Inhouse Asset ID" value="63625"/>
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        <balance>18239.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
        <cusip>79466L302</cusip>
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          <isin value="US79466L3024"/>
          <other otherDesc="Inhouse Asset ID" value="308705"/>
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        <balance>3083.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>827353.88000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>37.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30167.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canadian Pacific Kansas City Ltd.</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Kansas City Ltd.</title>
        <cusip>13646K108</cusip>
        <identifiers>
          <isin value="CA13646K1084"/>
          <other otherDesc="Inhouse Asset ID" value="217637"/>
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        <balance>3240.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>227480.40000000</valUSD>
        <pctVal>0.042114972748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henkel AG &amp; Co. KGaA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>Henkel AG &amp; Co. KGaA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
          <other otherDesc="Inhouse Asset ID" value="62948"/>
        </identifiers>
        <balance>3540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92481272"/>
        <valUSD>281667.75000000</valUSD>
        <pctVal>0.052147040427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Express Co.</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co.</title>
        <cusip>025816109</cusip>
        <identifiers>
          <isin value="US0258161092"/>
          <other otherDesc="Inhouse Asset ID" value="202"/>
        </identifiers>
        <balance>5141.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1383186.05000000</valUSD>
        <pctVal>0.256078514022</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>1150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236359.50000000</valUSD>
        <pctVal>0.043758820106</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>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
        <cusip>031162DS6</cusip>
        <identifiers>
          <isin value="US031162DS61"/>
          <other otherDesc="Inhouse Asset ID" value="1238480"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>555397.41000000</valUSD>
        <pctVal>0.102824448992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</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>Monster Beverage Corp.</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>Monster Beverage Corp.</title>
        <cusip>61174X109</cusip>
        <identifiers>
          <isin value="US61174X1090"/>
          <other otherDesc="Inhouse Asset ID" value="606453"/>
        </identifiers>
        <balance>8508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497888.16000000</valUSD>
        <pctVal>0.092177375677</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>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CLF6</cusip>
        <identifiers>
          <isin value="US91282CLF67"/>
          <other otherDesc="Inhouse Asset ID" value="1383667"/>
        </identifiers>
        <balance>1370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1335642.98000000</valUSD>
        <pctVal>0.247276546480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>Linde plc</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>Linde plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
          <other otherDesc="Inhouse Asset ID" value="1239901"/>
        </identifiers>
        <balance>1631.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>759458.84000000</valUSD>
        <pctVal>0.140603710692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3132DWDX8</cusip>
        <identifiers>
          <isin value="US3132DWDX83"/>
          <other otherDesc="Inhouse Asset ID" value="1427583"/>
        </identifiers>
        <balance>610005.88900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486060.93000000</valUSD>
        <pctVal>0.089987721231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 5 Year Notes</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1440738"/>
          <other otherDesc="Future Ticker" value="FVM5 Comdty"/>
        </identifiers>
        <balance>13.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14710.05000000</valUSD>
        <pctVal>0.002723370254</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>United States of America</issuerName>
                <issueTitle>U.S. Treasury 5 Year Notes</issueTitle>
                <identifiers>
                  <ticker value="FVM5 Comdty"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2025-06-30</expDate>
            <notionalAmt>1406031.25000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14710.05000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676BC8</cusip>
        <identifiers>
          <isin value="US571676BC81"/>
          <other otherDesc="Inhouse Asset ID" value="1450770"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79989.59000000</valUSD>
        <pctVal>0.014809009492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>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>2948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217002.28000000</valUSD>
        <pctVal>0.040175088088</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>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Pool, 30 Year</title>
        <cusip>3133KN4U4</cusip>
        <identifiers>
          <isin value="US3133KN4U46"/>
          <other otherDesc="Inhouse Asset ID" value="1362799"/>
        </identifiers>
        <balance>457463.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383012.21000000</valUSD>
        <pctVal>0.070909620285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.i"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.2.b"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
