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        <name>Iron Mountain, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>HAL Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dollar General Corp.</name>
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        <name>Norwegian Krone</name>
        <lei>N/A</lei>
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        <name>KFC Holding Co.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Oracle Corp.</name>
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        <name>N/A</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>Oracle Corp.</name>
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        <name>DNB Boligkreditt A/S</name>
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      <invstOrSec>
        <name>Subaru Corp.</name>
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        <title>Subaru Corp.</title>
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          <isin value="JP3814800003"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
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          <isin value="US1248EPCT83"/>
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      <invstOrSec>
        <name>Mellon Capital IV</name>
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          <isin value="US58551TAA51"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-26</maturityDt>
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      <invstOrSec>
        <name>Aramark Services, Inc.</name>
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          <isin value="US038522AQ17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Magnum Ice Cream Co. NV (The)</name>
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        <name>N/A</name>
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        <name>Latam Airlines Group SA</name>
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        <name>IHO Verwaltungs GmbH</name>
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        <name>Truist Financial Corp.</name>
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        <name>South Bow USA Infrastructure Holdings LLC</name>
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        <name>Fidelity National Financial, Inc.</name>
        <lei>549300CAZYIH39SYQ287</lei>
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        <name>Danone SA</name>
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        <name>Thai Beverage PCL</name>
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        <name>Nufarm Australia Ltd.</name>
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        <name>Chilean Peso Currency</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CH Robinson Worldwide, Inc.</name>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
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      <invstOrSec>
        <name>Edgewell Personal Care Co.</name>
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        <name>British American Tobacco plc</name>
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        <name>N/A</name>
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        <name>CCO Holdings LLC</name>
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      <invstOrSec>
        <name>Budweiser Brewing Co. APAC Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Inflation Linked Notes</title>
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          <isin value="US91282CEJ62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Transcanada Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Carnival Corp.</name>
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        <name>Embecta Corp.</name>
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        <name>United States of America</name>
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        <name>Bank of America Corp.</name>
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        <name>Service Corp. International</name>
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        <name>Republic of Chile</name>
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        <name>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Franco-Nevada Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Teleflex, Inc.</name>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>Lloyds Banking Group plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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          <isin value="US91282CNM90"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Wheaton Precious Metals Corp.</name>
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        <title>Wheaton Precious Metals Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <title>Manufacturers &amp; Traders Trust Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-27</maturityDt>
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      <invstOrSec>
        <name>Northern Trust Corp.</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp., Series E</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Teleflex, Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex, Inc.</title>
        <cusip>879369AF3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Shimano, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Unilever plc</name>
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        <name>Charles River Laboratories International, Inc.</name>
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        <name>Imperial Oil Ltd.</name>
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        <name>MS&amp;AD Insurance Group Holdings, Inc.</name>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <name>Grupo Mexico SAB de CV</name>
        <lei>529900JWLZAYET2ZGW20</lei>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <name>Fomento Economico Mexicano SAB de CV</name>
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        <name>Lamb Weston Holdings, Inc.</name>
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        <name>Barrick Mining Corp.</name>
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        <name>Weyerhaeuser Co.</name>
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        <name>Nutrien Ltd.</name>
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        <name>General Dynamics Corp.</name>
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        <name>Global Payments, Inc.</name>
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        <name>Universal Health Services, Inc.</name>
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        <name>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
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      <invstOrSec>
        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANUC Corp.</name>
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          <isin value="JP3802400006"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cie Financiere Richemont SA</name>
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          <isin value="CH0210483332"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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          <isin value="US89832Q6952"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Mexico Remittances Funding Fiduciary Estate Management Sarl</name>
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          <isin value="US593035AB42"/>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Orkla ASA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Enterprise Products Partners LP</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Royal Gold, Inc.</name>
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        <title>Royal Gold, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Province of Quebec Canada</name>
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        <title>Province of Quebec</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-20</maturityDt>
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      <invstOrSec>
        <name>DENTSPLY SIRONA, Inc.</name>
        <lei>9NHEHR1SOZCYXDO8HO28</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Sodexo SA</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>KT&amp;G Corp.</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G Corp.</title>
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        <name>Ambev SA</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev SA</title>
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        <invCountry>BR</invCountry>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="209818"/>
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        <name>SMC Corp.</name>
        <lei>353800O40V08DOZ70X62</lei>
        <title>SMC Corp.</title>
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        <invCountry>JP</invCountry>
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        <name>Saudi Arabian Oil Co.</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co.</title>
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        <name>Canadian Dollar</name>
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        <name>IHO Verwaltungs GmbH</name>
        <lei>529900JL0HDVGZMUJF32</lei>
        <title>IHO Verwaltungs GmbH</title>
        <cusip>44963BAF5</cusip>
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        <balance>3650000.00000000</balance>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAE Systems plc</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CMF58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Medtronic plc</name>
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          <isin value="IE00BTN1Y115"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cia Cervecerias Unidas SA</name>
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          <isin value="US2044291043"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI, Inc.</title>
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          <isin value="US55354GAH39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="216549"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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          <isin value="US7181721090"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
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        <title>American Airlines, Inc.</title>
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          <isin value="US00253XAA90"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Reckitt Benckiser Group 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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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Inflation Linked Notes</title>
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          <isin value="US91282CLE92"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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        <name>Canpack SA</name>
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        <name>Comcast Corp.</name>
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        <name>Embecta Corp.</name>
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        <title>Embecta Corp.</title>
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        <name>Diageo plc</name>
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        <name>Great Portland Estates plc</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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        <name>Nagaileben Co. Ltd.</name>
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        <name>State Street Corp.</name>
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        <name>Power Corp. of Canada</name>
        <lei>549300BE2CB8T87IJV50</lei>
        <title>Power Corp. of Canada</title>
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        <name>Kesko OYJ</name>
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      <invstOrSec>
        <name>William Carter Co. (The)</name>
        <lei>TGI2A0HXEYNQPU7TYV27</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
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          <isin value="US1248EPBT92"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
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          <isin value="US9029738666"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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          <isin value="US8085136005"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kraft Heinz Foods Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
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          <isin value="US90931GAA76"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Jardine Matheson Holdings Ltd.</name>
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        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Brazilian Real</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>USS Co. Ltd.</name>
        <lei>5299000RRQD6UZXG4W72</lei>
        <title>USS Co. Ltd.</title>
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          <isin value="JP3944130008"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Noble Finance II LLC</name>
        <lei>N/A</lei>
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        <name>ABC-Mart, Inc.</name>
        <lei>353800AXWW4CMTSJWL33</lei>
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        <name>NAC Kazatomprom JSC</name>
        <lei>5493008JG5TXJP2JSY44</lei>
        <title>NAC Kazatomprom JSC</title>
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          <isin value="US63253R2013"/>
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        <invCountry>KZ</invCountry>
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        <name>Secom Co. Ltd.</name>
        <lei>529900TYCL9N3E9PGE47</lei>
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        <name>Charter Communications Operating LLC</name>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119AJ8</cusip>
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          <isin value="US404119AJ84"/>
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        <balance>3700000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119CT4</cusip>
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        <balance>4150000.00000000</balance>
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        <valUSD>4314578.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
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      <invstOrSec>
        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Samsung Life Insurance Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centene Corp.</name>
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      <invstOrSec>
        <name>Hongkong Land Holdings Ltd.</name>
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      <invstOrSec>
        <name>BXP, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nestle SA</name>
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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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          <other otherDesc="Inhouse Asset ID" value="215880"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs Bank</counterpartyName>
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      <invstOrSec>
        <name>HCA Healthcare, Inc.</name>
        <lei>529900PH4ZGUH2MNEU89</lei>
        <title>HCA Healthcare, Inc.</title>
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          <isin value="US40412C1018"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Equity Residential</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>Equity Residential</title>
        <cusip>29476L107</cusip>
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          <isin value="US29476L1070"/>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>Elevance Health, Inc.</title>
        <cusip>036752103</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Roller Bearing Co. of America, Inc.</name>
        <lei>254900U9XW6S76H2P167</lei>
        <title>Roller Bearing Co. of America, Inc.</title>
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        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Gold bullion</name>
        <lei>N/A</lei>
        <title>Gold bullion</title>
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          <other otherDesc="Inhouse Sedol" value="1D8935S"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Douglas Emmett, Inc.</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>ACCO Brands Corp.</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO Brands Corp.</title>
        <cusip>00081TAK4</cusip>
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        <name>Heineken NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>Heineken NV</title>
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        <name>IDACORP, Inc.</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP, Inc.</title>
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        <name>Edgewell Personal Care Co.</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>Edgewell Personal Care Co.</title>
        <cusip>28035QAA0</cusip>
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        <name>AMN Healthcare, Inc.</name>
        <lei>549300H27NUKBFFQEE84</lei>
        <title>AMN Healthcare, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="215879"/>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>UBS AG</counterpartyName>
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      <invstOrSec>
        <name>Coca-Cola Femsa SAB de CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>Coca-Cola Femsa SAB de CV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sompo Holdings, Inc.</name>
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          <isin value="JP3165000005"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DNB Boligkreditt A/S</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Wendel SE</name>
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      <invstOrSec>
        <name>Keyence Corp.</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>Keyence Corp.</title>
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          <isin value="JP3236200006"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
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        <name>United Mexican States</name>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>EURO</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Bonds</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <name>Charter Communications, Inc.</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>Fair Isaac Corp.</title>
        <cusip>303250AF1</cusip>
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        <name>Republic of Indonesia</name>
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        <title>Republic of Indonesia</title>
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        <invCountry>ID</invCountry>
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        <name>Schindler Holding AG</name>
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        <name>British Pound</name>
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        <name>Agnico Eagle Mines Ltd.</name>
        <lei>254900BFJ2DOHPMEXN45</lei>
        <title>Agnico Eagle Mines Ltd.</title>
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        <invCountry>CA</invCountry>
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        <name>Quinenco SA</name>
        <lei>2549000T5LJBJNWU8390</lei>
        <title>Quinenco SA</title>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Vail Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Airlines, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FUCHS SE</name>
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          <isin value="DE000A3E5D64"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
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          <isin value="US8825081040"/>
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        <balance>109344.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23569099.20000000</valUSD>
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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>AES Corp. (The)</name>
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          <isin value="US00809KB233"/>
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        <balance>3208000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3206942.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Extra Space Storage, Inc.</name>
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        <title>Extra Space Storage, Inc.</title>
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          <isin value="US30225T1025"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Diamond Foreign Asset Co.</name>
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        <title>Diamond Foreign Asset Co.</title>
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          <isin value="US25260WAD39"/>
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        <balance>1775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1887410.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
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          <isin value="US15135BAT89"/>
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        <balance>4150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4045415.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pershing Square Holdings Ltd.</name>
        <lei>U7LC4KOKCTZ0YWGI2G56</lei>
        <title>Pershing Square Holdings Ltd.</title>
        <cusip>71531QAG6</cusip>
        <identifiers>
          <isin value="XS3219236075"/>
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        <balance>10400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10394596.47000000</valUSD>
        <pctVal>0.423911357838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Noble Corp. plc</name>
        <lei>549300I3HBUNXO0OG954</lei>
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          <isin value="GB00BMXNWH07"/>
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        <balance>170546.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6074848.52000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CMU2</cusip>
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          <isin value="US91282CMU26"/>
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        <balance>11450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11564052.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
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          <isin value="KR7005930003"/>
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        <balance>293822.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United Overseas Bank Ltd.</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>United Overseas Bank Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="SG1M31001969"/>
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        <balance>386000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="215881"/>
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        <balance>1.00000000</balance>
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        <curCd>N/A</curCd>
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              <counterpartyName>JP Morgan Chase Bank</counterpartyName>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <invCountry>DE</invCountry>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>First Eagle Funds</ncom:nameOfApplicant>
      <ncom:signature>Shuang Wu</ncom:signature>
      <ncom:signerName>Shuang Wu</ncom:signerName>
      <ncom:title> Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
