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        <name>AMGEN INC.</name>
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        <name>ELEVANCE HEALTH, INC.</name>
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        <name>APPLE INC.</name>
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        <name>APPLOVIN CORPORATION</name>
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        <name>ARCHER-DANIELS-MIDLAND COMPANY.</name>
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        <name>ARES MANAGEMENT CORPORATION</name>
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        <name>argenx SE</name>
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        <name>ARISTA NETWORKS, INC.</name>
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        <name>ARMSTRONG WORLD INDUSTRIES, INC.</name>
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        <name>Astera Labs, Inc</name>
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        <name>ATLASSIAN CORPORATION</name>
        <lei>549300V7ZY5P02D2MY38</lei>
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        <name>ATMOS ENERGY CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AUTODESK, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AUTOMATIC DATA PROCESSING, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>AUTOZONE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BWX TECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>The Bank of New York Mellon Corporation</name>
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      <invstOrSec>
        <name>BANK OZK</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BECTON, DICKINSON AND COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>W. R. BERKLEY CORPORATION</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY INC.</name>
        <lei>5493000C01ZX7D35SD85</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY INC.</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>BERKSHIRE HATHAWAY INC CLASS B</title>
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      <invstOrSec>
        <name>BEST BUY CO., INC.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
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        <name>BIOGEN INC.</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
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        <name>BLACKSTONE INC.</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
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        <name>BLACKROCK, INC.</name>
        <lei>529900VBK42Y5HHRMD23</lei>
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        <name>BOOKING HOLDINGS INC.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
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        <name>BOSTON SCIENTIFIC CORPORATION</name>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
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        <name>BRIXMOR PROPERTY GROUP INC.</name>
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        <name>BROADCOM INC.</name>
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        <name>BROWN &amp; BROWN, INC.</name>
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      <invstOrSec>
        <name>BROWN-FORMAN CORPORATION</name>
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        <name>BURLINGTON STORES, INC.</name>
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        <name>THE CIGNA GROUP</name>
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        <name>CME GROUP INC.</name>
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        <name>CMS ENERGY CORPORATION</name>
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        <name>CVS HEALTH CORPORATION</name>
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        <name>CADENCE DESIGN SYSTEMS, INC.</name>
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        <name>CARLISLE COMPANIES INCORPORATED</name>
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        <name>THE CARLYLE GROUP INC.</name>
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        <name>Carnival Corporation</name>
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        <name>CARVANA CO.</name>
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        <name>CENTENE CORPORATION</name>
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        <name>CENTERPOINT ENERGY, INC.</name>
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        <name>CHARTER COMMUNICATIONS, INC.</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CHIPOTLE MEXICAN GRILL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHURCH &amp; DWIGHT CO., INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CIENA CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CINCINNATI FINANCIAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CISCO SYSTEMS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CITIZENS FINANCIAL GROUP, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CLEAN HARBORS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CLOUDFLARE, INC.</name>
        <lei>5493007DY18BGNLDWU14</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE COCA-COLA COMPANY</name>
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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>COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coherent Corp.</name>
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        <name>COINBASE GLOBAL, INC.</name>
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        <name>COLGATE-PALMOLIVE COMPANY</name>
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        <name>COMFORT SYSTEMS USA, INC.</name>
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        <name>COMCAST CORPORATION</name>
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        <name>CONSOLIDATED EDISON, INC.</name>
        <lei>54930033SBW53OO8T749</lei>
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        <name>CONSTELLATION BRANDS, INC.</name>
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        <name>CONSTELLATION ENERGY CORPORATION.</name>
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        <name>THE COOPER COMPANIES, INC.</name>
        <lei>QJKMVPIGLH7530PCUE20</lei>
        <title>COOPER COS INC THE</title>
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        <name>COREBRIDGE FINANCIAL, INC.</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>COREWEAVE, INC.</name>
        <lei>984500511DP2B6186053</lei>
        <title>COREWEAVE INC</title>
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        <name>THE WALT DISNEY COMPANY</name>
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        <name>DOLLAR TREE, INC.</name>
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        <name>DOORDASH, INC.</name>
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        <name>EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.</name>
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        <name>FIRST CITIZENS BANCSHARES, INC.</name>
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        <name>FOX CORPORATION</name>
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        <name>GE VERNOVA INC.</name>
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        <name>GENERAL MILLS, INC.</name>
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        <name>GILEAD SCIENCES, INC.</name>
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        <name>GLOBAL PAYMENTS INC.</name>
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      <invstOrSec>
        <name>GODADDY INC.</name>
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      <invstOrSec>
        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>AMERICAN HEALTHCARE REIT, INC.</name>
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        <name>HF SINCLAIR CORPORATION</name>
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        <name>HCA HEALTHCARE, INC.</name>
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        <name>HP INC.</name>
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        <name>THE HARTFORD INSURANCE GROUP, INC.</name>
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        <name>HEICO CORPORATION</name>
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        <name>JACK HENRY &amp; ASSOCIATES, INC.</name>
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        <name>THE HERSHEY COMPANY</name>
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        <name>HEWLETT PACKARD ENTERPRISE COMPANY</name>
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        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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        <name>HOLOGIC INC CVR</name>
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        <name>THE HOME DEPOT, INC.</name>
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        <name>HOWMET AEROSPACE INC.</name>
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        <name>HUBSPOT, INC.</name>
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        <name>HUMANA INC.</name>
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        <name>HUNTINGTON BANCSHARES INCORPORATED</name>
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        <title>HUNTINGTON BANCSHARES INC OH</title>
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        <name>HUNTINGTON INGALLS INDUSTRIES, INC.</name>
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        <name>IDEXX LABORATORIES, INC.</name>
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        <name>ILLUMINA, INC.</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
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      <invstOrSec>
        <name>INCYTE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INSMED INCORPORATED</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INSULET CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTEL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTERACTIVE BROKERS GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTERNATIONAL BUSINESS MACHINES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>INTUIT INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INTUITIVE SURGICAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>IONQ Inc</name>
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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <name>JABIL INC.</name>
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        <name>JOHNSON &amp; JOHNSON</name>
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        <name>KLA CORPORATION</name>
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        <name>KKR &amp; CO. INC.</name>
        <lei>54930013V5I303TF9571</lei>
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        <name>KENVUE INC.</name>
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        <name>KEURIG DR PEPPER INC.</name>
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        <name>KEYCORP</name>
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        <name>KEYSIGHT TECHNOLOGIES, INC.</name>
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        <name>KIMBERLY-CLARK CORPORATION</name>
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        <name>KIMCO REALTY CORPORATION.</name>
        <lei>254900ARY41P4V1JL861</lei>
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        <name>THE KRAFT HEINZ COMPANY</name>
        <lei>9845007488EC87F5AF14</lei>
        <title>KRAFT HEINZ CO THE</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE KROGER CO.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LPL FINANCIAL HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LABCORP HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LAM RESEARCH CORPORATION</name>
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        <name>LAS VEGAS SANDS CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE ESTEE LAUDER COMPANIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LEIDOS HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LENNAR CORPORATION</name>
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        <name>LENNAR CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LIBERTY MEDIA CORP - FORMULA ONE GROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LIBERTY MEDIA CORP - FORMULA ONE GROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ELI LILLY AND COMPANY</name>
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        <name>LIVE NATION ENTERTAINMENT, INC.</name>
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        <name>LOWE'S COMPANIES, INC.</name>
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        <name>LULULEMON ATHLETICA INC.</name>
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        <name>LUMENTUM HOLDINGS INC.</name>
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        <name>M&amp;T BANK CORPORATION</name>
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        <name>MSCI INC.</name>
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        <name>MARATHON PETROLEUM CORPORATION</name>
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        <name>Markel Group Inc.</name>
        <lei>549300SCNO12JLWIK605</lei>
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        <name>MARSH &amp; MCLENNAN COMPANIES, INC.</name>
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        <name>THE NEW YORK TIMES COMPANY</name>
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        <name>NEXTERA ENERGY, INC.</name>
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        <name>NIKE, INC.</name>
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        <name>NISOURCE INC.</name>
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        <name>NORTHERN TRUST CORPORATION</name>
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        <name>GEN DIGITAL INC.</name>
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        <name>OGE ENERGY CORP.</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>OMNICOM GROUP INC.</name>
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        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
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      <invstOrSec>
        <name>OWENS CORNING</name>
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      <invstOrSec>
        <name>PG&amp;E CORPORATION</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>PTC INC.</name>
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        <name>PACKAGING CORPORATION OF AMERICA</name>
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        <name>PALANTIR TECHNOLOGIES INC.</name>
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        <name>PALO ALTO NETWORKS, INC.</name>
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        <name>PARKER-HANNIFIN CORPORATION</name>
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        <name>PAYPAL HOLDINGS, INC.</name>
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        <name>Pepsico, Inc.</name>
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        <name>PFIZER INC.</name>
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        <name>Philip Morris International Inc.</name>
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        <name>PINTEREST, INC.</name>
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        <name>PRINCIPAL FINANCIAL GROUP, INC.</name>
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        <name>THE PROCTER &amp; GAMBLE COMPANY</name>
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        <name>THE PROGRESSIVE CORPORATION</name>
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        <name>PROLOGIS, INC.</name>
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        <name>PRUDENTIAL FINANCIAL, INC.</name>
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        <name>PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED</name>
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        <name>PUBLIC STORAGE.</name>
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        <name>REGIONS FINANCIAL CORPORATION</name>
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        <name>RELIANCE, INC.</name>
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        <name>ROBLOX CORPORATION</name>
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        <name>SEI INVESTMENTS COMPANY</name>
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        <name>SS&amp;C TECHNOLOGIES HOLDINGS, INC.</name>
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        <name>SALESFORCE, INC.</name>
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        <name>SANDISK CORPORATION</name>
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        <title>SANDISK CORP DE</title>
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      <invstOrSec>
        <name>THE CHARLES SCHWAB CORPORATION</name>
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        <name>SEMPRA</name>
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      <invstOrSec>
        <name>SERVICENOW, INC.</name>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP, INC.</name>
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      <invstOrSec>
        <name>SNOWFLAKE INC.</name>
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        <name>SOFI TECHNOLOGIES, INC.</name>
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        <name>THE SOUTHERN COMPANY</name>
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        <name>BLOCK, INC.</name>
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        <name>STARBUCKS CORPORATION</name>
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        <name>STATE STREET CORPORATION</name>
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        <name>STEEL DYNAMICS, INC.</name>
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        <name>STRYKER CORPORATION</name>
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        <name>SUPER MICRO COMPUTER, INC.</name>
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        <name>SYNOPSYS, INC.</name>
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        <name>SYNCHRONY FINANCIAL</name>
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        <name>SYSCO CORPORATION</name>
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        <name>THE TJX COMPANIES, INC.</name>
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        <name>Taiwan Semiconductor Manufacturing Company Limited</name>
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        <name>TAKE-TWO INTERACTIVE SOFTWARE, INC.</name>
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        <name>TAPESTRY, INC.</name>
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        <name>TARGET CORPORATION</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Somnigroup International Inc.</name>
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        <name>TERADYNE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>The Travelers Companies, Inc.</name>
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        <name>UNITED PARCEL SERVICE, INC.</name>
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        <name>US FOODS HOLDING CORP.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>UNITEDHEALTH GROUP INCORPORATED</name>
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        <name>VEEVA SYSTEMS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>VISA INC.</name>
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        <name>VISTRA CORP.</name>
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        <name>WEC ENERGY GROUP INC.</name>
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        <name>WALMART INC.</name>
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        <name>WATERS CORPORATION</name>
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        <name>WELLTOWER INC.</name>
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        <name>WESTERN DIGITAL CORPORATION</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>WESTERN DIGITAL CORP</title>
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        <name>WILLIAMS-SONOMA, INC.</name>
        <lei>549300IARG6YWVTZ1I92</lei>
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        <name>WOODWARD, INC.</name>
        <lei>YPYKXXTR8TFDH54ZMB45</lei>
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        <name>WORKDAY, INC.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>WORKDAY INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Xcel Energy Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XCEL ENERGY INC</title>
        <cusip>98389B100</cusip>
        <identifiers>
          <isin value="US98389B1008"/>
          <other otherDesc="Internal" value="98389B100"/>
        </identifiers>
        <balance>13860.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1149687.00000000</valUSD>
        <pctVal>0.052048722589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUM! Brands, Inc.</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM BRANDS INC</title>
        <cusip>988498101</cusip>
        <identifiers>
          <isin value="US9884981013"/>
          <other otherDesc="Internal" value="988498101"/>
        </identifiers>
        <balance>66682.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10645781.30000000</valUSD>
        <pctVal>0.481956669621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIMMER BIOMET HOLDINGS, INC.</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>ZIMMER BIOMET HOLDINGS INC</title>
        <cusip>98956P102</cusip>
        <identifiers>
          <isin value="US98956P1021"/>
          <other otherDesc="Internal" value="98956P102"/>
        </identifiers>
        <balance>2658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219098.94000000</valUSD>
        <pctVal>0.009919064882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIONS BANCORPORATION, NATIONAL ASSOCIATION</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>ZIONS BANCORPORATION</title>
        <cusip>989701107</cusip>
        <identifiers>
          <isin value="US9897011071"/>
          <other otherDesc="Internal" value="989701107"/>
        </identifiers>
        <balance>73706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4674434.52000000</valUSD>
        <pctVal>0.211621376593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOETIS INC.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>ZOETIS INC</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <other otherDesc="Internal" value="98978V103"/>
        </identifiers>
        <balance>42162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4847365.14000000</valUSD>
        <pctVal>0.219450305569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZSCALER, INC.</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>ZSCALER INC</title>
        <cusip>98980G102</cusip>
        <identifiers>
          <isin value="US98980G1022"/>
          <other otherDesc="Internal" value="98980G102"/>
        </identifiers>
        <balance>785.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102583.80000000</valUSD>
        <pctVal>0.004644182067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOOM COMMUNICATIONS, INC.</name>
        <lei>549300T9GCHU0ODOM055</lei>
        <title>ZOOM COMMUNICATIONS INC</title>
        <cusip>98980L101</cusip>
        <identifiers>
          <isin value="US98980L1017"/>
          <other otherDesc="Internal" value="98980L101"/>
        </identifiers>
        <balance>2130.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>206929.50000000</valUSD>
        <pctVal>0.009368129013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AON PUBLIC LIMITED COMPANY</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>AON PLC</title>
        <cusip>G0403H108</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
          <other otherDesc="Internal" value="G0403H108"/>
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        <balance>3441.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1072387.65000000</valUSD>
        <pctVal>0.048549220181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCH CAPITAL GROUP LTD.</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>ARCH CAPITAL GROUP LIMITED</title>
        <cusip>G0450A105</cusip>
        <identifiers>
          <isin value="BMG0450A1053"/>
          <other otherDesc="Internal" value="G0450A105"/>
        </identifiers>
        <balance>5746.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>542767.16000000</valUSD>
        <pctVal>0.024572198643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCENTURE PUBLIC LIMITED COMPANY</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>ACCENTURE PLC</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
          <other otherDesc="Internal" value="G1151C101"/>
        </identifiers>
        <balance>90601.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16191304.71000000</valUSD>
        <pctVal>0.733014052699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credo Technology Group Holding Ltd</name>
        <lei>N/A</lei>
        <title>CREDO TECHNOLOGY GROUP HOLDING LTD</title>
        <cusip>G25457105</cusip>
        <identifiers>
          <isin value="KYG254571055"/>
          <other otherDesc="Internal" value="G25457105"/>
        </identifiers>
        <balance>1327.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230911.27000000</valUSD>
        <pctVal>0.010453833638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRH PUBLIC LIMITED COMPANY</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC</title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
          <other otherDesc="Internal" value="G25508105"/>
        </identifiers>
        <balance>26882.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3183366.44000000</valUSD>
        <pctVal>0.144117622217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Everest Group, Ltd.</name>
        <lei>549300N24XF2VV0B3570</lei>
        <title>EVEREST GROUP LTD</title>
        <cusip>G3223R108</cusip>
        <identifiers>
          <isin value="BMG3223R1088"/>
          <other otherDesc="Internal" value="G3223R108"/>
        </identifiers>
        <balance>30463.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10867979.88000000</valUSD>
        <pctVal>0.492016061656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTAI Aviation Ltd.</name>
        <lei>N/A</lei>
        <title>FTAI AVIATION LTD</title>
        <cusip>G3730V105</cusip>
        <identifiers>
          <isin value="KYG3730V1059"/>
          <other otherDesc="Internal" value="G3730V105"/>
        </identifiers>
        <balance>9629.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2404072.43000000</valUSD>
        <pctVal>0.108837360945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC</title>
        <cusip>G5960L103</cusip>
        <identifiers>
          <isin value="IE00BTN1Y115"/>
          <other otherDesc="Internal" value="G5960L103"/>
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        <balance>110761.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8968318.17000000</valUSD>
        <pctVal>0.406014423508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROYALTY PHARMA PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>ROYALTY PHARMA PLC</title>
        <cusip>G7709Q104</cusip>
        <identifiers>
          <isin value="GB00BMVP7Y09"/>
          <other otherDesc="Internal" value="G7709Q104"/>
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        <balance>47747.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2391647.23000000</valUSD>
        <pctVal>0.108274846288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY</name>
        <lei>635400RUXIFEZSRU8X70</lei>
        <title>SEAGATE TECHNOLOGY HOLD</title>
        <cusip>G7997R103</cusip>
        <identifiers>
          <isin value="IE00BKVD2N49"/>
          <other otherDesc="Internal" value="G7997R103"/>
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        <balance>1677.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1129694.28000000</valUSD>
        <pctVal>0.051143610556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STERIS PUBLIC LIMITED COMPANY</name>
        <lei>N/A</lei>
        <title>STERIS PLC</title>
        <cusip>G8473T100</cusip>
        <identifiers>
          <isin value="IE00BFY8C754"/>
          <other otherDesc="Internal" value="G8473T100"/>
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        <balance>1312.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>284546.56000000</valUSD>
        <pctVal>0.012882014813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TE CONNECTIVITY PUBLIC LIMITED COMPANY</name>
        <lei>6367003TB6K484NFHE54</lei>
        <title>TE CONNECTIVITY PLC</title>
        <cusip>G87052109</cusip>
        <identifiers>
          <isin value="IE000IVNQZ81"/>
          <other otherDesc="Internal" value="G87052109"/>
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        <balance>2357.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498882.62000000</valUSD>
        <pctVal>0.022585454208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANE TECHNOLOGIES PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGIES PLC</title>
        <cusip>G8994E103</cusip>
        <identifiers>
          <isin value="IE00BK9ZQ967"/>
          <other otherDesc="Internal" value="G8994E103"/>
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        <balance>15658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7712191.32000000</valUSD>
        <pctVal>0.349146947446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Viking Holdings Ltd</name>
        <lei>52990032GOPN7BVQMN13</lei>
        <title>VIKING HOLDINGS LTD</title>
        <cusip>G93A5A101</cusip>
        <identifiers>
          <isin value="BMG93A5A1010"/>
          <other otherDesc="Internal" value="G93A5A101"/>
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        <balance>1630.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133513.30000000</valUSD>
        <pctVal>0.006044424885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>WILLIS TOWERS WATSON PLC</title>
        <cusip>G96629103</cusip>
        <identifiers>
          <isin value="IE00BDB6Q211"/>
          <other otherDesc="Internal" value="G96629103"/>
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        <balance>1543.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>395316.60000000</valUSD>
        <pctVal>0.017896804998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND</name>
        <lei>N/A</lei>
        <title>GLDMN SCHS FIN SQ GV-FST</title>
        <cusip>38141W273</cusip>
        <identifiers>
          <isin value="US38141W2733"/>
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        <balance>73845.73000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73845.73000000</valUSD>
        <pctVal>0.003343149844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="73845.73000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bunge Global SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>BUNGE GLOBAL SA</title>
        <cusip>H11356104</cusip>
        <identifiers>
          <isin value="CH1300646267"/>
          <other otherDesc="Internal" value="H11356104"/>
        </identifiers>
        <balance>3416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>434071.12000000</valUSD>
        <pctVal>0.019651302753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chubb Limited</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>CHUBB LIMITED</title>
        <cusip>H1467J104</cusip>
        <identifiers>
          <isin value="CH0044328745"/>
          <other otherDesc="Internal" value="H1467J104"/>
        </identifiers>
        <balance>6357.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2078739.00000000</valUSD>
        <pctVal>0.094108839663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>GARMIN LTD</title>
        <cusip>H2906T109</cusip>
        <identifiers>
          <isin value="CH0114405324"/>
          <other otherDesc="Internal" value="H2906T109"/>
        </identifiers>
        <balance>869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218240.66000000</valUSD>
        <pctVal>0.009880208761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
        <lei>N/A</lei>
        <title>HSBC US GOVT MMKT-I</title>
        <cusip>40428X107</cusip>
        <identifiers>
          <isin value="US40428X1072"/>
        </identifiers>
        <balance>73845.73000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73845.73000000</valUSD>
        <pctVal>0.003343149844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="73845.73000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
        <lei>N/A</lei>
        <title>INVESCO GVT &amp; AGNCY-INST</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>73845.73000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73845.73000000</valUSD>
        <pctVal>0.003343149844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="73845.73000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPOTIFY TECHNOLOGY S.A.</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>SPOTIFY TECHNOLOGY SA</title>
        <cusip>L8681T102</cusip>
        <identifiers>
          <isin value="LU1778762911"/>
          <other otherDesc="Internal" value="L8681T102"/>
        </identifiers>
        <balance>2347.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1048052.85000000</valUSD>
        <pctVal>0.047447533153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSILF Government Portfolio</name>
        <lei>N/A</lei>
        <title>MSILF GOVERNMENT-INST</title>
        <cusip>61747C707</cusip>
        <identifiers>
          <isin value="US61747C7074"/>
        </identifiers>
        <balance>73845.71000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73845.71000000</valUSD>
        <pctVal>0.003343148938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="73845.71000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>ROYAL CARIBBEAN CRUISES LTD</title>
        <cusip>V7780T103</cusip>
        <identifiers>
          <isin value="LR0008862868"/>
          <other otherDesc="Internal" value="V7780T103"/>
        </identifiers>
        <balance>7222.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1904874.72000000</valUSD>
        <pctVal>0.086237641956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly total returns reported under item B.5.a do not include any sales or redemption charges, as applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios III</ncom:nameOfApplicant>
      <ncom:signature>Carol D. Trevino</ncom:signature>
      <ncom:signerName>Carol D. Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
