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        <name>RLI Corp.</name>
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        <name>Mizuho Financial Group, Inc.</name>
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        <invCountry>JP</invCountry>
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        <name>Monster Beverage Corp.</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>Monster Beverage Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Sanrio Co. Ltd.</name>
        <lei>3538002Q5JQLOMSPH125</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>nCino, Inc.</name>
        <lei>549300WVRR2WR3L6MZ46</lei>
        <title>nCino, Inc.</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>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
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        <name>Cadence Design Systems, Inc.</name>
        <lei>GCT7RXJOGLXPV0NXZY22</lei>
        <title>Cadence Design Systems, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lam Research Corp.</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corp.</title>
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        <name>Euronext NV</name>
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        <name>Exxon Mobil Corp.</name>
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        <title>Exxon Mobil Corp.</title>
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        <name>Alphabet, Inc.</name>
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        <name>Brinker International, Inc.</name>
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        <title>Brinker International, Inc.</title>
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      <invstOrSec>
        <name>Experian plc</name>
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        <name>United Therapeutics Corp.</name>
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        <name>CubeSmart</name>
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        <name>Walmart, Inc.</name>
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        <name>CME Group, Inc.</name>
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        <name>Ingredion, Inc.</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>QuantumScape Corp.</name>
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        <name>N/A</name>
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        <name>Valero Energy Corp.</name>
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        <name>PayPal Holdings, Inc.</name>
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        <name>Waste Management, Inc.</name>
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        <name>Canadian Natural Resources Ltd.</name>
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        <name>N/A</name>
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        <name>Amphenol Corp.</name>
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        <name>Evolution AB</name>
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        <name>Robinhood Markets, Inc.</name>
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        <name>Keppel Ltd.</name>
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        <name>Muenchener Rueckversicherungs-Gesellschaft AG</name>
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      <invstOrSec>
        <name>N/A</name>
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      <invstOrSec>
        <name>Meritage Homes Corp.</name>
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      <invstOrSec>
        <name>Huntington Bancshares, Inc.</name>
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        <name>NVIDIA Corp.</name>
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        <title>NVIDIA Corp.</title>
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        <name>Equifax, Inc.</name>
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        <name>PG&amp;E Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Daiwa House Industry Co. Ltd.</name>
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        <name>BioMarin Pharmaceutical, Inc.</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>BioMarin Pharmaceutical, Inc.</title>
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        <name>Ovintiv, Inc.</name>
        <lei>2549003MEX7YMKLGI239</lei>
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        <name>Equity LifeStyle Properties, Inc.</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity LifeStyle Properties, Inc.</title>
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        <name>Mirati Therapeutics, Inc.</name>
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        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
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        <name>Sea Ltd.</name>
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        <name>Flowers Foods, Inc.</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
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        <name>Advantest Corp.</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>Advantest Corp.</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Credo Technology Group Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Credo Technology Group Holding Ltd.</title>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>ETRSI</title>
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        <name>Northrop Grumman Corp.</name>
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        <name>Tokyu Fudosan Holdings Corp.</name>
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        <name>KLA Corp.</name>
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        <lei>549300CZ84WPNJZKY093</lei>
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          <isin value="CA1130041058"/>
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        <balance>7737.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477140.79000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENEOS Holdings, Inc.</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS Holdings, Inc.</title>
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        <identifiers>
          <isin value="JP3386450005"/>
          <other otherDesc="Inhouse Asset ID" value="SB627LW99"/>
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        <balance>667600.00000000</balance>
        <units>NS</units>
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        <pctVal>0.106610971463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Futu Holdings Ltd.</name>
        <lei>213800X4W4ZRESFPTQ37</lei>
        <title>Futu Holdings Ltd.</title>
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          <isin value="US36118L1061"/>
          <other otherDesc="Inhouse Asset ID" value="36118L106"/>
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        <balance>4544.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>698321.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BJ's Wholesale Club Holdings, Inc.</name>
        <lei>549300UCIWH1C93V0J03</lei>
        <title>BJ's Wholesale Club Holdings, Inc.</title>
        <cusip>05550J101</cusip>
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          <isin value="US05550J1016"/>
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        <balance>5090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>539031.00000000</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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      </invstOrSec>
      <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="554209"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>1524.80000000</valUSD>
        <pctVal>0.000046392954</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <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>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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            <amtCurSold>7270000.00000000</amtCurSold>
            <curSold>INR</curSold>
            <amtCurPur>84394.95000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-09-17</settlementDt>
            <unrealizedAppr>1524.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3435000009"/>
          <other otherDesc="Inhouse Asset ID" value="S68215060"/>
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        <balance>284000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="150.80000000"/>
        <valUSD>6831142.00000000</valUSD>
        <pctVal>0.207841590658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122108</cusip>
        <identifiers>
          <isin value="US1101221083"/>
          <other otherDesc="Inhouse Asset ID" value="110122108"/>
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        <balance>163079.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7062951.49000000</valUSD>
        <pctVal>0.214894533363</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>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="WNU520256"/>
          <other otherDesc="Future Ticker" value="WNU5 Comdty"/>
        </identifiers>
        <balance>-3901.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13082042.05000000</valUSD>
        <pctVal>-0.39802897213</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>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>U.S. Treasury Ultra Bond</issueTitle>
                <identifiers>
                  <ticker value="WNU5 Comdty"/>
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            </descRefInstrmnt>
            <expDate>2025-09-19</expDate>
            <notionalAmt>-457148437.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13082042.05000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sampo OYJ</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo OYJ, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <other otherDesc="Inhouse Asset ID" value="SBMXX6456"/>
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        <balance>136699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87627059"/>
        <valUSD>1467284.11000000</valUSD>
        <pctVal>0.044642998691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDNGYWW4"/>
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        <balance>65000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-84029.80000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.54500000"/>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CSL Ltd.</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <other otherDesc="Inhouse Asset ID" value="S61854956"/>
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        <balance>23354.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605695"/>
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        <pctVal>0.122915590507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eli Lilly &amp; Co.</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co.</title>
        <cusip>532457108</cusip>
        <identifiers>
          <isin value="US5324571083"/>
          <other otherDesc="Inhouse Asset ID" value="532457108"/>
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        <balance>20311.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15031561.77000000</valUSD>
        <pctVal>0.457344278359</pctVal>
        <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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      </invstOrSec>
      <invstOrSec>
        <name>Danaher Corp.</name>
        <lei>S4BKK9OTCEWQ3YHPFM11</lei>
        <title>Danaher Corp.</title>
        <cusip>235851102</cusip>
        <identifiers>
          <isin value="US2358511028"/>
          <other otherDesc="Inhouse Asset ID" value="235851102"/>
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        <balance>15124.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2981847.84000000</valUSD>
        <pctVal>0.090724508166</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
          <other otherDesc="Inhouse Asset ID" value="SBLDBN417"/>
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        <balance>63066.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.78925000"/>
        <valUSD>960393.45000000</valUSD>
        <pctVal>0.029220546477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elastic NV</name>
        <lei>2549003I48WHHH937I59</lei>
        <title>Elastic NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0013056914"/>
          <other otherDesc="Inhouse Asset ID" value="SBFXCLC63"/>
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        <balance>32416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2713219.20000000</valUSD>
        <pctVal>0.082551320750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deckers Outdoor Corp.</name>
        <lei>5493008LG4W3I6K8J118</lei>
        <title>Deckers Outdoor Corp.</title>
        <cusip>243537107</cusip>
        <identifiers>
          <isin value="US2435371073"/>
          <other otherDesc="Inhouse Asset ID" value="243537107"/>
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        <balance>3950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>419371.50000000</valUSD>
        <pctVal>0.012759629303</pctVal>
        <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>Adyen NV</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>Adyen NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
          <other otherDesc="Inhouse Asset ID" value="SBZ1HM422"/>
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        <balance>430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87627059"/>
        <valUSD>737515.39000000</valUSD>
        <pctVal>0.022439347885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harley-Davidson, Inc.</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>Harley-Davidson, Inc.</title>
        <cusip>412822108</cusip>
        <identifiers>
          <isin value="US4128221086"/>
          <other otherDesc="Inhouse Asset ID" value="412822108"/>
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        <balance>2534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61652.22000000</valUSD>
        <pctVal>0.001875805754</pctVal>
        <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>
      <invstOrSec>
        <name>CK Infrastructure Holdings Ltd.</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK Infrastructure Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
          <other otherDesc="Inhouse Asset ID" value="SBYVS6J16"/>
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        <balance>47000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>331020.56000000</valUSD>
        <pctVal>0.010071498986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 2-Year Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="TUU520254"/>
          <other otherDesc="Future Ticker" value="TUU5 Comdty"/>
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        <balance>882.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-180349.59000000</valUSD>
        <pctVal>-0.00548724439</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="TUU5 Comdty"/>
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        <name>Alphabet, Inc.</name>
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        <name>Informa plc</name>
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        <name>Neurocrine Biosciences, Inc.</name>
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        <name>Intel Corp.</name>
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        <name>Intuit, Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>N/A</name>
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        <name>Madison Square Garden Sports Corp.</name>
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        <name>Fidelity National Financial, Inc.</name>
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        <name>Crane NXT Co.</name>
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              <counterpartyName>Merrill Lynch International &amp; Co.</counterpartyName>
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                <indexName>Mexican BOLSA Index Futures</indexName>
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        <name>Snowflake, Inc.</name>
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        <name>N/A</name>
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        <name>Danone SA</name>
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        <name>Sanofi SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi SA</title>
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        <name>SBA Communications Corp.</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp.</title>
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        <name>GE Vernova, Inc.</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE Vernova, Inc.</title>
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        <name>Frontier Communications Parent, Inc.</name>
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        <name>ABIOMED, Inc.</name>
        <lei>5493001EZN4ZTB4Z5887</lei>
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        <name>Japan Post Bank Co. Ltd.</name>
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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>
        <lei>N/A</lei>
        <title>Brambles Ltd.</title>
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        <name>Sumitomo Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>ResMed, Inc.</name>
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        <name>Daito Trust Construction Co. Ltd.</name>
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        <name>Moody's Corp.</name>
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        <name>British American Tobacco plc</name>
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        <name>Pinterest, Inc.</name>
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        <name>Check Point Software Technologies Ltd.</name>
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        <name>Automatic Data Processing, Inc.</name>
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        <name>Expand Energy Corp.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>DoorDash, Inc.</name>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
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        <name>N/A</name>
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        <name>Royalty Pharma plc</name>
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        <name>Devon Energy Corp.</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp.</title>
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        <name>Recruit Holdings Co. Ltd.</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co. Ltd.</title>
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        <name>N/A</name>
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        <name>Southwest Airlines Co.</name>
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        <name>Boeing Co. (The)</name>
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        <name>Technology One Ltd.</name>
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        <name>Sartorius Stedim Biotech</name>
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        <name>Galaxy Entertainment Group Ltd.</name>
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        <name>Toll Brothers, Inc.</name>
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        <name>Dai-ichi Life Holdings, Inc.</name>
        <lei>549300ZUFXI7JXZVTZ25</lei>
        <title>Dai-ichi Life Holdings, Inc.</title>
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        <name>JB Hi-Fi Ltd.</name>
        <lei>529900TPC8H040Y3ZQ65</lei>
        <title>JB Hi-Fi Ltd.</title>
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        <name>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
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        <name>Sonic Healthcare Ltd.</name>
        <lei>549300NQQ5L2NONWR862</lei>
        <title>Sonic Healthcare Ltd.</title>
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        <name>SBI Holdings, Inc.</name>
        <lei>353800L6LMHYIPSMRQ17</lei>
        <title>SBI Holdings, Inc.</title>
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        <name>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>Fair Isaac Corp.</title>
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        <name>Argenx SE</name>
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        <name>Digital Realty Trust, Inc.</name>
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        <name>Edison International</name>
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        <name>Coloplast A/S</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Liberty Broadband Corp.</name>
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        <name>Ingram Micro Holding Corp.</name>
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        <title>Ingram Micro Holding Corp.</title>
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        <name>Howard Hughes Holdings, Inc.</name>
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        <title>Howard Hughes Holdings, Inc.</title>
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      <invstOrSec>
        <name>XP, Inc.</name>
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        <name>Pfizer, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Confluent, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shopify, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ally Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Industria de Diseno Textil SA</name>
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        <title>Industria de Diseno Textil SA</title>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp.</name>
        <lei>5299009UDLLGLKOOJE30</lei>
        <title>Taylor Morrison Home Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Sumitomo Mitsui Trust Group, Inc.</name>
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        <title>Sumitomo Mitsui Trust Group, Inc.</title>
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        <name>Cie de Saint-Gobain SA</name>
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        <title>Cie de Saint-Gobain SA</title>
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        <invCountry>FR</invCountry>
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        <name>N/A</name>
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        <name>Tesla, Inc.</name>
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        <name>N/A</name>
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        <name>IPG Photonics Corp.</name>
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        <name>N/A</name>
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        <name>Terna - Rete Elettrica Nazionale</name>
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        <title>Terna - Rete Elettrica Nazionale</title>
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        <name>Swiss Life Holding AG</name>
        <lei>5493000KUC3Z24U77V93</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lululemon Athletica, Inc.</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 E-Mini Index</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="MEU520257"/>
          <other otherDesc="Future Ticker" value="ESU5 Index"/>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <indexName>S&amp;P 500 E-Mini Index</indexName>
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      <invstOrSec>
        <name>Under Armour, Inc.</name>
        <lei>549300D4549QKWETZ406</lei>
        <title>Under Armour, Inc., Class C</title>
        <cusip>904311206</cusip>
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          <isin value="US9043112062"/>
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        <balance>4085.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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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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      <invstOrSec>
        <name>Shimizu Corp.</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>Shimizu Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3358800005"/>
          <other otherDesc="Inhouse Asset ID" value="S68044007"/>
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        <balance>61800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ipsen SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>Ipsen SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0010259150"/>
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        <balance>1672.00000000</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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      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0010570767"/>
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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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        <name>N/A</name>
        <lei>N/A</lei>
        <title>NDIRS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDNKVBG3"/>
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        <balance>70000000.00000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
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          <other otherDesc="Inhouse Asset ID" value="BYDGC94Q2"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Sun Hung Kai Properties Ltd.</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="HK0016000132"/>
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        <balance>43500.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Assured Guaranty Ltd.</name>
        <lei>549300BBOQUJEPH87M14</lei>
        <title>Assured Guaranty Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG0585R1060"/>
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        <balance>1073.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90754.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Temenos AG</name>
        <lei>5067007NW6550481FH64</lei>
        <title>Temenos AG (Registered)</title>
        <cusip>N/A</cusip>
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          <isin value="CH0012453913"/>
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        <balance>3880.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nucor Corp.</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
        <title>Nucor Corp.</title>
        <cusip>670346105</cusip>
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          <isin value="US6703461052"/>
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        <balance>2352.00000000</balance>
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        <curCd>USD</curCd>
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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>Arista Networks, Inc.</name>
        <lei>635400H1WKBLOQERUU95</lei>
        <title>Arista Networks, Inc.</title>
        <cusip>040413205</cusip>
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          <isin value="US0404132054"/>
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        <balance>62351.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7682890.22000000</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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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Ageas SA</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>Ageas SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <title>OIS</title>
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        <name>United Parcel Service, Inc.</name>
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        <name>Aegon Ltd.</name>
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        <name>MS&amp;AD Insurance Group Holdings, Inc.</name>
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        <name>Thales SA</name>
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        <name>Simon Property Group, Inc.</name>
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        <name>Hexagon AB</name>
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        <name>Severn Trent plc</name>
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        <name>US Foods Holding Corp.</name>
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        <name>Chord Energy Corp.</name>
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        <name>Eni SpA</name>
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        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
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        <name>Aramark</name>
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        <name>Publicis Groupe SA</name>
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        <name>Dutch Bros, Inc.</name>
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        <name>Assurant, Inc.</name>
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        <name>Molina Healthcare, Inc.</name>
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        <name>DraftKings, Inc.</name>
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        <name>Box, Inc.</name>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <name>NU Holdings Ltd.</name>
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        <name>Prudential plc</name>
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        <name>Mitsui OSK Lines Ltd.</name>
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        <title>Mitsui OSK Lines Ltd.</title>
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        <name>Hartford Insurance Group, Inc. (The)</name>
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        <name>Liberty Media Corp.-Liberty Live</name>
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        <name>Glencore plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CK Asset Holdings Ltd.</name>
        <lei>5299006GJZSGP78B8S35</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Paylocity Holding Corp.</name>
        <lei>549300VH75FTB4DIEE07</lei>
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          <isin value="US70438V1061"/>
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        <name>Schindler Holding AG</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Croda International plc</name>
        <lei>2138004WCNBFJEEOXV26</lei>
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          <isin value="GB00BJFFLV09"/>
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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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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</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>Oracle Corp. Japan</name>
        <lei>529900MIMKY9RU60Z323</lei>
        <title>Oracle Corp. Japan</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QBE Insurance Group Ltd.</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE Insurance Group Ltd.</title>
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          <isin value="AU000000QBE9"/>
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        <invCountry>AU</invCountry>
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        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Daiichi Sankyo Co. Ltd.</name>
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        <name>St. James's Place plc</name>
        <lei>213800M993ICXOMBCP87</lei>
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        <invCountry>GB</invCountry>
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        <name>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA</title>
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        <name>Clearway Energy, Inc.</name>
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        <title>Clearway Energy, Inc., Class A</title>
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        <name>Exelixis, Inc.</name>
        <lei>254900PJQB59O2O95R37</lei>
        <title>Exelixis, Inc.</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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                <indexName>BOVESPA Index Futures</indexName>
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        <name>Tokyo Electron Ltd.</name>
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        <name>Bank Leumi Le-Israel BM</name>
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        <name>United States of America</name>
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        <name>Rheinmetall AG</name>
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        <name>Seaboard Corp.</name>
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        <name>VeriSign, Inc.</name>
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        <name>Great-West Lifeco, Inc.</name>
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        <name>Liberty Media Corp.-Liberty Formula One</name>
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        <name>Hermes International SCA</name>
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        <name>Cincinnati Financial Corp.</name>
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        <name>Lehman Brothers Holdings, Inc.</name>
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        <name>CarMax, Inc.</name>
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        <name>Amundi SA</name>
        <lei>96950010FL2T1TJKR531</lei>
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      <invstOrSec>
        <name>Hitachi Ltd.</name>
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        <title>Hitachi Ltd.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
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        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Travelers Cos., Inc. (The)</name>
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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>Enel SpA</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel SpA</title>
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          <isin value="IT0003128367"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3922B1072"/>
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        <balance>19971.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Eiffage SA</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>Eiffage SA</title>
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          <isin value="FR0000130452"/>
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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>N/A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>Viking Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Viking Holdings Ltd.</title>
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          <isin value="BMG93A5A1010"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MSCI EAFE Index</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="MFSU52024"/>
          <other otherDesc="Future Ticker" value="MFSU5 Index"/>
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        <balance>-4379.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>ICE Clear US</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <indexBasketInfo>
                <indexName>MSCI EAFE E-Mini Index</indexName>
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      <invstOrSec>
        <name>Chipotle Mexican Grill, Inc.</name>
        <lei>N/A</lei>
        <title>Chipotle Mexican Grill, Inc.</title>
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        <balance>69958.00000000</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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      <invstOrSec>
        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
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          <isin value="US00724F1012"/>
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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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S, Class B</title>
        <cusip>N/A</cusip>
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          <isin value="DK0062498333"/>
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        <balance>118137.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Air Liquide SA</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>Air Liquide SA</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
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          <other otherDesc="Inhouse Asset ID" value="558357"/>
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      <invstOrSec>
        <name>Knollwood CDO Ltd.</name>
        <lei>549300E24U6UCPJEUI87</lei>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Ultragenyx Pharmaceutical, Inc.</name>
        <lei>529900EV44GVDN1DCX77</lei>
        <title>Ultragenyx Pharmaceutical, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Imperial Brands plc</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB0004544929"/>
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        <balance>56701.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group, Inc.</title>
        <cusip>02209S103</cusip>
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          <isin value="US02209S1033"/>
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        <balance>11015.00000000</balance>
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        <curCd>USD</curCd>
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        <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>NewMarket Corp.</name>
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        <name>Wolters Kluwer NV</name>
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        <name>General Dynamics Corp.</name>
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        <name>Dollar General Corp.</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
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        <name>Ralph Lauren Corp.</name>
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        <name>GEA Group AG</name>
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        <invCountry>DE</invCountry>
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        <name>N/A</name>
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        <name>TE Connectivity plc</name>
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        <name>Sysco Corp.</name>
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        <name>MarketAxess Holdings, Inc.</name>
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        <name>Huntsman Corp.</name>
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        <name>Universal Health Services, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Ventas, Inc.</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>Ventas, Inc.</title>
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        <name>Eurofins Scientific SE</name>
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        <name>Ashland, Inc.</name>
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        <name>Cie Financiere Richemont SA</name>
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        <name>Kyocera Corp.</name>
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        <name>CNA Financial 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>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Industrivarden AB</name>
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        <name>N/A</name>
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        <name>Newell Brands, Inc.</name>
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        <name>Freeport-McMoRan, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sherwin-Williams Co. (The)</name>
        <lei>Z15BMIOX8DDH0X2OBP21</lei>
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          <isin value="US8243481061"/>
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        <curCd>USD</curCd>
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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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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDNL3878"/>
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        <balance>127000000.00000000</balance>
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        <payoffProfile>N/A</payoffProfile>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE000CBK1001"/>
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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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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>IRS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDMTQ9A3"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Snam SpA</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam SpA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0003153415"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BYDFMPJZ1"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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      <invstOrSec>
        <name>3i Group plc</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
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        <name>Moncler SpA</name>
        <lei>815600EBD7FB00525B20</lei>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>BP plc</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP plc</title>
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        <name>Airbnb, Inc.</name>
        <lei>549300HMUDNO0RY56D37</lei>
        <title>Airbnb, Inc., Class A</title>
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        <name>N/A</name>
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        <name>Singapore Telecommunications Ltd.</name>
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        <name>Under Armour, Inc.</name>
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        <name>Exact Sciences Corp.</name>
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        <name>Legrand SA</name>
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      <invstOrSec>
        <name>Japan Tobacco, Inc.</name>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Brown-Forman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Darden Restaurants, Inc.</name>
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        <name>Wolfspeed, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gecina SA</name>
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        <name>N/A</name>
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        <name>Rollins, Inc.</name>
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      <invstOrSec>
        <name>Fox Corp.</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp., Class B</title>
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        <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>Datadog, Inc.</name>
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      <invstOrSec>
        <name>ADT, Inc.</name>
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        <name>N/A</name>
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        <name>Teradata Corp.</name>
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        <name>Sarepta Therapeutics, Inc.</name>
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        <name>Societe Generale SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>ABB Ltd.</name>
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        <name>Danske Bank A/S</name>
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        <name>N/A</name>
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        <name>Koninklijke Ahold Delhaize NV</name>
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        <name>N/A</name>
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        <name>Keysight Technologies, Inc.</name>
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        <name>VF Corp.</name>
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        <name>Qantas Airways Ltd.</name>
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        <name>Carnival Corp.</name>
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        <name>Sonoco Products Co.</name>
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        <lei>5493007FKT78NKPM5V55</lei>
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        <name>Clean Harbors, Inc.</name>
        <lei>5493000SJVZVZJKHJF48</lei>
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        <name>Invitation Homes, Inc.</name>
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        <name>Fortinet, Inc.</name>
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        <lei>LGJNMI9GH8XIDG5RCM61</lei>
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      <invstOrSec>
        <name>Woodside Energy Group Ltd.</name>
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      <invstOrSec>
        <name>BHP Group Ltd.</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd.</title>
        <cusip>N/A</cusip>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Otsuka Corp.</name>
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        <title>Otsuka Corp.</title>
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        <name>N/A</name>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group, Inc.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kansai Electric Power Co., Inc. (The)</name>
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        <title>Kansai Electric Power Co., Inc. (The)</title>
        <cusip>N/A</cusip>
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          <isin value="JP3228600007"/>
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        <balance>70900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges &amp; Clearing Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="HK0388045442"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>United Utilities Group plc</name>
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        <title>United Utilities Group plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>STMicroelectronics NV</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMicroelectronics NV</title>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <title>IRS</title>
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      <invstOrSec>
        <name>Nintendo Co. Ltd.</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co. Ltd.</title>
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      <invstOrSec>
        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>News Corp.</name>
        <lei>549300ITS31QK8VRBQ14</lei>
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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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      <invstOrSec>
        <name>RB Global, Inc.</name>
        <lei>5493002H8U24DJXQ4886</lei>
        <title>RB Global, Inc.</title>
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        <name>SAP SE</name>
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        <name>Expedia Group, Inc.</name>
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        <name>Blackstone, Inc.</name>
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        <name>UWM Holdings Corp.</name>
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        <name>Diageo plc</name>
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        <name>Netflix, Inc.</name>
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        <name>Blue Owl Capital, Inc.</name>
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        <name>N/A</name>
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        <name>Chubu Electric Power Co., Inc.</name>
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        <name>NEC Corp.</name>
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        <name>US Bancorp</name>
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        <name>Dassault Systemes SE</name>
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        <title>Dassault Systemes SE</title>
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        <name>Tenet Healthcare Corp.</name>
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        <title>Tenet Healthcare Corp.</title>
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        <name>Dexcom, Inc.</name>
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        <name>N/A</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>N/A</name>
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        <title>SET50 Index</title>
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        <name>Brookfield Infrastructure Corp.</name>
        <lei>254900YTMKBFJAKUBO55</lei>
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        <name>Brookfield Renewable Corp.</name>
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        <title>IRS</title>
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        <name>KeyCorp</name>
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        <name>Alexandria Real Estate Equities, Inc.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <name>N/A</name>
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        <name>Travel + Leisure Co.</name>
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        <name>Starbucks Corp.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>FirstService Corp.</name>
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        <name>Schneider National, Inc.</name>
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        <name>Schroders plc</name>
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        <name>N/A</name>
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        <title>IRS</title>
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        <name>Macquarie Group Ltd.</name>
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        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
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        <name>Wix.com Ltd.</name>
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        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG</title>
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        <name>Allianz SE</name>
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      <invstOrSec>
        <name>Denso Corp.</name>
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      <invstOrSec>
        <name>EQT Corp.</name>
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        <name>KDDI Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Chevron Corp.</name>
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        <name>Cigna Group (The)</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Planet Fitness, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="554372"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Atlassian Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wingstop, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>CME Group Inc.</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <indexIdentifier>SIMSCI Index</indexIdentifier>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SGS SA</name>
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          <isin value="CH1256740924"/>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookfield Corp.</name>
        <lei>C6J3FGIWG6MBDGTE8F80</lei>
        <title>Brookfield Corp., Class A</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Airlines Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <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="569377"/>
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        <curCd>N/A</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Twilio, Inc.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio, Inc., Class A</title>
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      <invstOrSec>
        <name>Insulet Corp.</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>Insulet Corp.</title>
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        <name>Delta Air Lines, Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines, Inc.</title>
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        <name>ConocoPhillips</name>
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        <title>ConocoPhillips</title>
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        <name>GCI Liberty, Inc.</name>
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        <name>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ Group Holdings Ltd.</title>
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        <invCountry>AU</invCountry>
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        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
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        <name>BOK Financial Corp.</name>
        <lei>GRI2NT5QHYW751NMR949</lei>
        <title>BOK Financial Corp.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Flex Ltd.</name>
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        <name>Broadridge Financial Solutions, Inc.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Southern Copper Corp.</name>
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        <name>Viper Energy, Inc.</name>
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        <name>Shell plc</name>
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        <name>Lennar Corp.</name>
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        <name>Var Energi ASA</name>
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        <name>Berkeley Group Holdings plc</name>
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        <name>Nomura Research Institute Ltd.</name>
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        <name>MSC Industrial Direct Co., Inc.</name>
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        <name>Park Hotels &amp; Resorts, Inc.</name>
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        <name>Nippon Yusen KK</name>
        <lei>353800YPW4XM0ZN5I149</lei>
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        <name>N/A</name>
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        <name>Guidewire Software, Inc.</name>
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        <name>Arkema SA</name>
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        <name>Toyota Motor Corp.</name>
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        <lei>TSI2PJM6EPETEQ4X1U25</lei>
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        <name>Welltower, Inc.</name>
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        <name>AppLovin Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Japan Post Holdings Co. Ltd.</name>
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        <name>West Pharmaceutical Services, Inc.</name>
        <lei>5493007NKRGM1RJQ1P16</lei>
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        <name>ServiceNow, Inc.</name>
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        <title>ServiceNow, Inc.</title>
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        <name>ARM Holdings plc</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Ameriprise Financial, Inc.</name>
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        <title>Ameriprise Financial, Inc.</title>
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          <isin value="US03076C1062"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Takeda Pharmaceutical Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Amer Sports, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Stellantis NV</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Stellantis NV</title>
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          <isin value="NL00150001Q9"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Millrose Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Millrose Properties, Inc.</title>
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        <name>VICI Properties, Inc.</name>
        <lei>254900RKH6RY9KCJQH63</lei>
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        <name>TFI International, Inc.</name>
        <lei>5493007R9W7KO7SJN678</lei>
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        <name>N/A</name>
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        <name>Zurich Insurance Group AG</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>Procter &amp; Gamble Co. (The)</title>
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        <name>Aena SME SA</name>
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        <name>Agilent Technologies, Inc.</name>
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        <name>Onto Innovation, Inc.</name>
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        <name>N/A</name>
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        <name>Endesa SA</name>
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        <name>Obayashi Corp.</name>
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        <name>N/A</name>
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        <name>Boston Beer Co., Inc. (The)</name>
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        <name>MetLife, Inc.</name>
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        <name>N/A</name>
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        <name>Coinbase Global, Inc.</name>
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        <name>Siemens AG</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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        <name>Microsoft Corp.</name>
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        <name>ORIX Corp.</name>
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        <name>DXC Technology Co.</name>
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        <name>Public Storage</name>
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        <name>Inpex Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
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        <name>NIKE, Inc.</name>
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        <name>Halozyme Therapeutics, Inc.</name>
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        <name>Labcorp Holdings, Inc.</name>
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        <name>Safran SA</name>
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        <name>Ashtead Group plc</name>
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        <name>Centrica plc</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>N/A</name>
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        <name>TransUnion</name>
        <lei>549300ZS772LUNUMRB03</lei>
        <title>TransUnion</title>
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        <invCountry>US</invCountry>
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        <name>Kerry Group plc</name>
        <lei>635400TLVVBNXLFHWC59</lei>
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        <invCountry>IE</invCountry>
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        <name>Nice Ltd.</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>Nice Ltd.</title>
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        <name>Santos Ltd.</name>
        <lei>5299000RK70B5O2M7077</lei>
        <title>Santos Ltd.</title>
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        <name>Banco BPM SpA</name>
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        <name>ManpowerGroup, Inc.</name>
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        <name>N/A</name>
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        <name>Waste Connections, Inc.</name>
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        <name>Volvo AB</name>
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        <name>N/A</name>
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        <name>Ferguson Enterprises, Inc.</name>
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        <name>Lithia Motors, Inc.</name>
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        <name>AIA Group Ltd.</name>
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        <name>Tapestry, Inc.</name>
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        <name>Honeywell International, Inc.</name>
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        <name>TotalEnergies SE</name>
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        <name>N/A</name>
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        <name>Engie SA</name>
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        <name>MercadoLibre, Inc.</name>
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        <name>Coupang, Inc.</name>
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        <name>Admiral Group plc</name>
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        <name>Transurban Group</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coles Group Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hasbro, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Exchange Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kongsberg Gruppen ASA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coca-Cola HBC AG</name>
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        <title>Coca-Cola HBC AG</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RTX Corp.</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>STERIS plc</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Waystar Holding Corp.</name>
        <lei>N/A</lei>
        <title>Waystar Holding Corp.</title>
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          <isin value="US9467841055"/>
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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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      <invstOrSec>
        <name>HCA Healthcare, Inc.</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare, Inc.</title>
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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>Unum Group</name>
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        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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      <invstOrSec>
        <name>Obic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Obic Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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        <name>Dassault Aviation SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
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        <invCountry>FR</invCountry>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <name>Intuitive Surgical, Inc.</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical, Inc.</title>
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        <name>N/A</name>
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        <title>S&amp;P/TSX 60 Index</title>
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        <name>Wendy's Co. (The)</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>Wendy's Co. (The)</title>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
        <cusip>00287Y109</cusip>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>Booking Holdings, Inc.</name>
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        <title>Booking Holdings, Inc.</title>
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        <name>Mr Cooper Group, Inc.</name>
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        <name>Astera Labs, Inc.</name>
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        <name>N/A</name>
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        <name>Fujitsu Ltd.</name>
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        <name>Copart, Inc.</name>
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        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
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      <invstOrSec>
        <name>CACI International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Guardant Health, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Anglogold Ashanti plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HEICO Corp.</name>
        <lei>529900O1DTDLCJ7L0I14</lei>
        <title>HEICO Corp., Class A</title>
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          <isin value="US4228062083"/>
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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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        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG (Registered)</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FedEx Corp.</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FedEx Corp.</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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          <isCashCollateral>N</isCashCollateral>
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        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG (Registered)</title>
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          <isin value="CH0012005267"/>
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        <balance>56524.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>O'Reilly Automotive, Inc.</name>
        <lei>549300K2RLMQL149Q332</lei>
        <title>O'Reilly Automotive, Inc.</title>
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          <isin value="US67103H1077"/>
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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>Sompo Holdings, Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings, Inc.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Apellis Pharmaceuticals, Inc.</name>
        <lei>254900HS0ZFRXXSB9D42</lei>
        <title>Apellis Pharmaceuticals, Inc.</title>
        <cusip>03753U106</cusip>
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          <isin value="US03753U1060"/>
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        <balance>2229.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Brighthouse Financial, Inc.</name>
        <lei>5493003T8SZSHOGGAW52</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Incyte Corp.</name>
        <lei>549300Z4WN6JVZ3T4680</lei>
        <title>Incyte Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Anglo American plc</name>
        <lei>549300S9XF92D1X8ME43</lei>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Medical Properties Trust, Inc.</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>Medical Properties Trust, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Amrize Ltd.</name>
        <lei>529900SLCCO6K43P8146</lei>
        <title>Amrize Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <title>NDIRS</title>
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      <invstOrSec>
        <name>AerCap Holdings NV</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings NV</title>
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        <name>Visa, Inc.</name>
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        <name>Barratt Redrow plc</name>
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        <name>Keyence Corp.</name>
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        <title>Keyence Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>Highwoods Properties, Inc.</name>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>Bureau Veritas SA</name>
        <lei>969500TPU5T3HA5D1F11</lei>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellation Software, Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Software, Inc.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GE Aerospace</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE Aerospace</title>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
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        <name>Aflac, Inc.</name>
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        <name>Texas Roadhouse, Inc.</name>
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        <name>N/A</name>
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        <name>Leidos Holdings, Inc.</name>
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        <name>On Holding AG</name>
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        <name>Yum! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
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        <name>Endeavour Mining plc</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>Endeavour Mining plc</title>
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        <name>Targa Resources Corp.</name>
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        <name>N/A</name>
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        <name>Sprouts Farmers Market, Inc.</name>
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        <name>N/A</name>
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        <name>Lennar Corp.</name>
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        <name>CVS Health Corp.</name>
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        <name>BorgWarner, Inc.</name>
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        <name>Carlyle Group, Inc. (The)</name>
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        <name>FinecoBank Banca Fineco SpA</name>
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        <name>Dell Technologies, Inc.</name>
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        <name>Capgemini SE</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Nomura Real Estate Holdings, Inc.</name>
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        <title>Nomura Real Estate Holdings, Inc.</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Times Co. (The)</name>
        <lei>529900J1WEMMIW7BOH57</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
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        <name>MasTec, Inc.</name>
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        <title>MasTec, Inc.</title>
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        <name>N/A</name>
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      <invstOrSec>
        <name>QUALCOMM, Inc.</name>
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        <title>QUALCOMM, Inc.</title>
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        <name>Amedisys, Inc.</name>
        <lei>5299001RBS9GK9STN379</lei>
        <title>Amedisys, Inc.</title>
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        <name>HSBC Holdings plc</name>
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        <title>HSBC Holdings plc</title>
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        <name>Henderson Land Development Co. Ltd.</name>
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      <invstOrSec>
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        <name>Suncor Energy, Inc.</name>
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        <name>Land Securities Group plc</name>
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        <name>NatWest Group plc</name>
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        <name>Repsol SA</name>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>N/A</name>
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        <name>Swiss Re AG</name>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
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        <name>Ferrari NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari NV</title>
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        <name>Clarivate plc</name>
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        <name>Bridgestone Corp.</name>
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      <invstOrSec>
        <name>Salesforce, Inc.</name>
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        <name>Rolls-Royce Holdings plc</name>
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      <invstOrSec>
        <name>Fidelity National Information Services, Inc.</name>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="554342"/>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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        <name>DR Horton, Inc.</name>
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        <title>DR Horton, Inc.</title>
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          <isin value="US23331A1097"/>
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        <name>Workday, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Xero Ltd.</name>
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        <title>Xero Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Alkermes plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="554106"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00MP6FM953"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Lamar Advertising Co.</name>
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        <name>Skechers USA, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Envista Holdings Corp.</name>
        <lei>549300BX623VURJZ5269</lei>
        <title>Envista Holdings Corp.</title>
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        <name>National Storage Affiliates Trust</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Murata Manufacturing Co. Ltd.</name>
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        <name>N/A</name>
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        <name>Jefferies Financial Group, Inc.</name>
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        <name>CyberArk Software Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASR Nederland NV</name>
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        <name>United Overseas Bank Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <name>N/A</name>
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        <name>Taylor Wimpey plc</name>
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        <title>Taylor Wimpey plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kemper Corp.</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corp.</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>Cloudflare, 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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        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Zoetis, Inc.</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <isin value="PL0GF0031252"/>
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        <name>Palo Alto Networks, Inc.</name>
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        <name>Sotera Health Co.</name>
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        <name>Cintas Corp.</name>
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        <name>N/A</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>OIS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BYDNAF8V0"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75720289"/>
        <valUSD>-22015.21000000</valUSD>
        <pctVal>-0.00066982596</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
              <counterpartyLei>549300TXTCI7WVVJS380</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="SONIA" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="12" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.76420000"/>
            <terminationDt>2030-09-17</terminationDt>
            <upfrontPmnt>1170.60000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>10000000.00000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>-22015.21000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="554112"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-1722172.77000000</valUSD>
        <pctVal>-0.05239813897</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <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>Morgan Stanley &amp; Co.</counterpartyName>
              <counterpartyLei>9R7GPTSO7KV3UQJZQ078</counterpartyLei>
            </counterparties>
            <amtCurSold>51424840.69000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>48338836000.00000000</amtCurPur>
            <curPur>CLP</curPur>
            <settlementDt>2025-09-17</settlementDt>
            <unrealizedAppr>-1722172.77000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Industries Corp.</name>
        <lei>35380000WKGEAHEMW830</lei>
        <title>Toyota Industries Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3634600005"/>
          <other otherDesc="Inhouse Asset ID" value="S69005460"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="150.80000000"/>
        <valUSD>513276.63000000</valUSD>
        <pctVal>0.015616749180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG (Registered)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0010570759"/>
          <other otherDesc="Inhouse Asset ID" value="S59623090"/>
        </identifiers>
        <balance>7.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.81225000"/>
        <valUSD>1023556.36000000</valUSD>
        <pctVal>0.031142315880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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="086516101"/>
        </identifiers>
        <balance>20118.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1308877.08000000</valUSD>
        <pctVal>0.039823369838</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>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
