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        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPY SPOT FORWARD CONTRACT   /</name>
        <lei>N/A</lei>
        <title>JPY SPOT FORWARD CONTRACT   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JPY FWD"/>
        </identifiers>
        <balance>148627349</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>990915.05</valUSD>
        <pctVal>0.0095402701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPANESE YEN  /</name>
        <lei>N/A</lei>
        <title>JAPANESE YEN  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="JPY"/>
        </identifiers>
        <balance>-0.50</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHABET, Inc. DCP, 06/23/2025   /</name>
        <lei>N/A</lei>
        <title>ALPHABET, Inc. DCP, 06/23/2025   /</title>
        <cusip>02079NTP6</cusip>
        <identifiers>
          <ticker value="02079NTP"/>
        </identifiers>
        <balance>95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94058180.94</valUSD>
        <pctVal>0.9055674840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTABA, Inc. ESCROW SHS ORD REG   /</name>
        <lei>N/A</lei>
        <title>ALTABA, Inc. ESCROW SHS ORD REG   /</title>
        <cusip>021ESC017</cusip>
        <identifiers>
          <isin value="US021ESC0175"/>
          <ticker value="021ESC01"/>
        </identifiers>
        <balance>4756180</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5850101.40</valUSD>
        <pctVal>0.0563232411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung C&amp;T Corp</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <ticker value="028260KS"/>
        </identifiers>
        <balance>694573</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50"/>
        <valUSD>55479412.19</valUSD>
        <pctVal>0.5341412220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLE, Inc. DCP, 04/23/2025   /</name>
        <lei>N/A</lei>
        <title>APPLE, Inc. DCP, 04/23/2025   /</title>
        <cusip>03785DRP3</cusip>
        <identifiers>
          <ticker value="03785DRP"/>
        </identifiers>
        <balance>103000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102729968.33</valUSD>
        <pctVal>0.9890571774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NP8</cusip>
        <identifiers>
          <isin value="US912797NP82"/>
          <ticker value="912797NP"/>
        </identifiers>
        <balance>65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64507384.50</valUSD>
        <pctVal>0.6210601704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NY9</cusip>
        <identifiers>
          <isin value="US912797NY99"/>
          <ticker value="912797NY"/>
        </identifiers>
        <balance>65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64946668.75</valUSD>
        <pctVal>0.6252894839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NZ6</cusip>
        <identifiers>
          <isin value="US912797NZ64"/>
          <ticker value="912797NZ"/>
        </identifiers>
        <balance>39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38936004.25</valUSD>
        <pctVal>0.3748656316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797PA9</cusip>
        <identifiers>
          <isin value="US912797PA95"/>
          <ticker value="912797PA"/>
        </identifiers>
        <balance>50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49876848.41</valUSD>
        <pctVal>0.4802012082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797PB7</cusip>
        <identifiers>
          <isin value="US912797PB78"/>
          <ticker value="912797PB"/>
        </identifiers>
        <balance>50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49835733.33</valUSD>
        <pctVal>0.4798053630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797PC5</cusip>
        <identifiers>
          <isin value="US912797PC51"/>
          <ticker value="912797PC"/>
        </identifiers>
        <balance>40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39836666.66</valUSD>
        <pctVal>0.3835369729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note</title>
        <cusip>91282CHV6</cusip>
        <identifiers>
          <isin value="US91282CHV63"/>
          <ticker value="91282CHV"/>
        </identifiers>
        <balance>231000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231649849.20</valUSD>
        <pctVal>2.2302639602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VORNADO REALTY LP</name>
        <lei>549300BMOJ05INE4YK86</lei>
        <title>Vornado Realty LP</title>
        <cusip>929043AK3</cusip>
        <identifiers>
          <isin value="US929043AK39"/>
          <ticker value="929043AK"/>
        </identifiers>
        <balance>8623000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8330766.53</valUSD>
        <pctVal>0.0802064340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAL-MART STORES, Inc. DCP,  04/14/2025   /</name>
        <lei>N/A</lei>
        <title>WAL-MART STORES, Inc. DCP,  04/14/2025   /</title>
        <cusip>93114ERE9</cusip>
        <identifiers>
          <ticker value="93114ERE"/>
        </identifiers>
        <balance>42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41934480</valUSD>
        <pctVal>0.4037341693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAL-MART STORES, Inc. DCP,  04/21/2025   /</name>
        <lei>N/A</lei>
        <title>WAL-MART STORES, Inc. DCP,  04/21/2025   /</title>
        <cusip>93114ERM1</cusip>
        <identifiers>
          <ticker value="93114ERM"/>
        </identifiers>
        <balance>59500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59358191.67</valUSD>
        <pctVal>0.5714850930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /</title>
        <cusip>935IQZII8</cusip>
        <identifiers>
          <ticker value="935IQZII"/>
        </identifiers>
        <balance>31488546.2510</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17948471.36</valUSD>
        <pctVal>0.1728031723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.559210</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /</name>
        <lei>N/A</lei>
        <title>LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /</title>
        <cusip>589477088</cusip>
        <identifiers>
          <ticker value="936UZWII"/>
        </identifiers>
        <balance>-26423878.55</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-11362267.78</valUSD>
        <pctVal>-0.1093929326</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOOTPATH VENTURES SPV IV LP   /</name>
        <lei>N/A</lei>
        <title>FOOTPATH VENTURES SPV IV LP   /</title>
        <cusip>943GGE008</cusip>
        <identifiers>
          <ticker value="943GGE00"/>
        </identifiers>
        <balance>150000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>12769063.20</valUSD>
        <pctVal>0.1229371897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR INC</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>Wayfair, Inc.</title>
        <cusip>94419LAF8</cusip>
        <identifiers>
          <isin value="US94419LAF85"/>
          <ticker value="94419LAF"/>
        </identifiers>
        <balance>4278000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3999930</valUSD>
        <pctVal>0.0385102764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Wayfair Inc</name>
              <title>Wayfair Inc</title>
              <curCd>USD</curCd>
              <identifiers>
                <ticker value="W"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="6.7349" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYFAIR INC</name>
        <lei>54930027N9ZAVYFDHK53</lei>
        <title>Wayfair, Inc.</title>
        <cusip>94419LAM3</cusip>
        <identifiers>
          <isin value="US94419LAM37"/>
          <ticker value="94419LAM"/>
        </identifiers>
        <balance>41668000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40521921.66</valUSD>
        <pctVal>0.3901344283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.6250</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FPS LLC    /</name>
        <lei>N/A</lei>
        <title>FPS LLC    /</title>
        <cusip>963HYB908</cusip>
        <identifiers>
          <ticker value="963HYB90"/>
        </identifiers>
        <balance>2073733.54</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>167150015.49</valUSD>
        <pctVal>1.6092764868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FPS SHELBY HOLDCO I LLC   /</name>
        <lei>N/A</lei>
        <title>FPS SHELBY HOLDCO I LLC   /</title>
        <cusip>966GBDII9</cusip>
        <identifiers>
          <ticker value="966GBDII"/>
        </identifiers>
        <balance>107799.3450</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>8876467.57</valUSD>
        <pctVal>0.0854603005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPIC GAMES, INC. PRIVATE COMMON STOCK   /</name>
        <lei>N/A</lei>
        <title>EPIC GAMES, INC. PRIVATE COMMON STOCK   /</title>
        <cusip>966TDKII3</cusip>
        <identifiers>
          <ticker value="966TDKII"/>
        </identifiers>
        <balance>33130</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8812580</valUSD>
        <pctVal>0.0848452077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BFFY829   TRS USD GREEN THUMB (GTBIF)   /</name>
        <lei>N/A</lei>
        <title>BFFY829   TRS USD GREEN THUMB (GTBIF)   /</title>
        <cusip>99S1TLT69</cusip>
        <identifiers>
          <ticker value="99S1TLT6"/>
        </identifiers>
        <balance>2078319</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12449130.81</valUSD>
        <pctVal>0.1162552528</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other-SWAP" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Normura Securities International</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BFFY829   TRS USD GREEN THUMB (GTBIF)   /</issuerName>
                <issueTitle>BFFY829   TRS USD GREEN THUMB (GTBIF)   /</issueTitle>
                <identifiers>
                  <cusip value="999999999"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR" floatingRtSpread="1.500000000000" pmntAmt="-965587.070000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-14</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>24524164.20</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-12449130.81</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BFZ0292   TRS CAD TRULIEVE CNS TRULCN   /</name>
        <lei>N/A</lei>
        <title>BFZ0292   TRS CAD TRULIEVE CNS TRULCN   /</title>
        <cusip>99S1TLT93</cusip>
        <identifiers>
          <ticker value="99S1TLT9"/>
        </identifiers>
        <balance>521511</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.4391"/>
        <valUSD>-2388129.73</valUSD>
        <pctVal>0.0190846444</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other-SWAP" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Normura Securities International</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BFZ0292   TRS CAD TRULIEVE CNS TRULCN   /</issuerName>
                <issueTitle>BFZ0292   TRS CAD TRULIEVE CNS TRULCN   /</issueTitle>
                <identifiers>
                  <cusip value="999999999"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <floatingPmntDesc curCd="CAD" fixedOrFloating="Floating" floatingRtIndex="CAONREPO" floatingRtSpread="1.800000000000" pmntAmt="-186595.670000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-14</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>CAD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>CAD</rcptCurCd>
            <notionalAmt>6289422.66</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>-2388129.73</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BGPVCY7   TRS CAD CRESCO LABS CL CN   /</name>
        <lei>N/A</lei>
        <title>BGPVCY7   TRS CAD CRESCO LABS CL CN   /</title>
        <cusip>99S1TLTC6</cusip>
        <identifiers>
          <ticker value="99S1TLTC"/>
        </identifiers>
        <balance>1600522</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.4391"/>
        <valUSD>-1345724.15</valUSD>
        <pctVal>0.0110288986</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other-SWAP" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Normura Securities International</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BGPVCY7   TRS CAD CRESCO LABS CL CN   /</issuerName>
                <issueTitle>BGPVCY7   TRS CAD CRESCO LABS CL CN   /</issueTitle>
                <identifiers>
                  <cusip value="999999999"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <floatingPmntDesc curCd="CAD" fixedOrFloating="Floating" floatingRtIndex="CAONREPO" floatingRtSpread="1.800000000000" pmntAmt="-94427.570000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-14</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>CAD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>CAD</rcptCurCd>
            <notionalAmt>3585169.28</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>-1345724.15</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. FARMING REALTY TRUST II COM STOCK   /</name>
        <lei>N/A</lei>
        <title>U.S. FARMING REALTY TRUST II COM STOCK   /</title>
        <cusip>ACI026HK7</cusip>
        <identifiers>
          <ticker value="ACI026HK"/>
        </identifiers>
        <balance>120000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>450895.50</valUSD>
        <pctVal>0.0043411036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUND HOLDING FP LUXEMBORG PRIVATE EQ   /</name>
        <lei>N/A</lei>
        <title>SOUND HOLDING FP LUXEMBORG PRIVATE EQ   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ACI0DGDS"/>
        </identifiers>
        <balance>1146250</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>22913225.16</valUSD>
        <pctVal>0.2206025191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Analog Devices Inc</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices, Inc.</title>
        <cusip>032654105</cusip>
        <identifiers>
          <isin value="US0326541051"/>
          <ticker value="ADI"/>
        </identifiers>
        <balance>1375392</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277375304.64</valUSD>
        <pctVal>2.6704966462</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>Amazon.com Inc</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com, Inc.</title>
        <cusip>023135106</cusip>
        <identifiers>
          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
        </identifiers>
        <balance>918929</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174835431.54</valUSD>
        <pctVal>1.6832696558</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 PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon PLC - Class A</title>
        <cusip>G0403H108</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
          <ticker value="AON"/>
        </identifiers>
        <balance>493931</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197122922.79</valUSD>
        <pctVal>1.8978477730</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>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
        </identifiers>
        <balance>126735</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21219241.05</valUSD>
        <pctVal>0.2042932846</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>Bio-Rad Laboratories Inc</name>
        <lei>549300ZC1GPV35XYDK53</lei>
        <title>Bio-Rad Laboratories, Inc. - Class A</title>
        <cusip>090572207</cusip>
        <identifiers>
          <isin value="US0905722072"/>
          <ticker value="BIO"/>
        </identifiers>
        <balance>236916</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57703260.96</valUSD>
        <pctVal>0.5555518544</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>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A254Y92"/>
          <ticker value="BKX9B22"/>
        </identifiers>
        <balance>86200000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>87316088.67</valUSD>
        <pctVal>0.8406563888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEALAND FINANCE CO BV</name>
        <lei>N/A</lei>
        <title>Lealand Finance Co. B.V.</title>
        <cusip>N5200EAB7</cusip>
        <identifiers>
          <isin value="XAN5200EAB73"/>
          <ticker value="BL341039"/>
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        <balance>39676916.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16069151.27</valUSD>
        <pctVal>0.1547095717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.439420</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>LEALAND FINANCE CO BV</name>
        <lei>N/A</lei>
        <title>Lealand Finance Co. B.V.</title>
        <cusip>N5200EAC5</cusip>
        <identifiers>
          <isin value="XAN5200EAC56"/>
          <ticker value="BL341041"/>
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        <balance>1074220.90</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>553223.76</valUSD>
        <pctVal>0.0053262932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.439420</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CORNERSTONE ONDEMAND INC</name>
        <lei>549300Z402F16H5EGH48</lei>
        <title>Cornerstone OnDemand, Inc.</title>
        <cusip>86803YAB9</cusip>
        <identifiers>
          <isin value="US86803YAB92"/>
          <ticker value="BL370440"/>
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        <balance>2506402</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2164904.73</valUSD>
        <pctVal>0.0208431346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.310770</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISION SOLUTIONS INC</name>
        <lei>N/A</lei>
        <title>Vision Solutions, Inc.</title>
        <cusip>70477BAE2</cusip>
        <identifiers>
          <isin value="US70477BAE20"/>
          <ticker value="BL375749"/>
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        <balance>2506075.80</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2401647.62</valUSD>
        <pctVal>0.0231224331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-24</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.552360</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A3H2WQ0"/>
          <ticker value="BMW0B08"/>
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        <balance>1600000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>1545396.19</valUSD>
        <pctVal>0.0148786690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DELIVERY HERO AG</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>ZL0636734</cusip>
        <identifiers>
          <isin value="DE000A30V5R1"/>
          <ticker value="BNKBK25"/>
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        <balance>46000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>47957884.95</valUSD>
        <pctVal>0.4617259315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
          <ticker value="C"/>
        </identifiers>
        <balance>3707817</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>263217928.83</valUSD>
        <pctVal>2.5341931470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cie Financiere Richemont SA</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Cie Financiere Richemont S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
          <ticker value="CFR SW"/>
        </identifiers>
        <balance>531063</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.8847"/>
        <valUSD>92705519.53</valUSD>
        <pctVal>0.8925444149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Inc</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
        <title>Charter Communications, Inc. - Class A</title>
        <cusip>16119P108</cusip>
        <identifiers>
          <isin value="US16119P1084"/>
          <ticker value="CHTR"/>
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        <balance>393387</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144974911.11</valUSD>
        <pctVal>1.3957804009</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>
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      <invstOrSec>
        <name>Comcast Corp</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp. - Class A</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
          <ticker value="CMCSA"/>
        </identifiers>
        <balance>7087694</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261535908.60</valUSD>
        <pctVal>2.5179990976</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>Douglas Emmett Inc</name>
        <lei>N/A</lei>
        <title>Douglas Emmett, Inc. - REIT</title>
        <cusip>25960P109</cusip>
        <identifiers>
          <isin value="US25960P1093"/>
          <ticker value="DEI"/>
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        <balance>4120722</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65931552</valUSD>
        <pctVal>0.6347716814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dell Technologies Inc</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>Dell Technologies, Inc. - Class C</title>
        <cusip>24703L202</cusip>
        <identifiers>
          <isin value="US24703L2025"/>
          <ticker value="DELL"/>
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        <balance>418505</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38146730.75</valUSD>
        <pctVal>0.3672667135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Delivery Hero SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
          <ticker value="DHER GR"/>
        </identifiers>
        <balance>551839</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>13231963.08</valUSD>
        <pctVal>0.1273938683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRIQ POWER HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Electriq Power Holdings, Inc.</title>
        <cusip>285046116</cusip>
        <identifiers>
          <isin value="US2850461169"/>
          <ticker value="ELIWQ"/>
        </identifiers>
        <balance>414327</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>OTC US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TLG ACQUISITION ONE COM CL A</issuerName>
                <issueTitle>TLG ACQUISITION ONE COM CL A</issueTitle>
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                  <ticker value="TLGA"/>
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            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
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            <unrealizedAppr>-32813.09</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>Eurofins Scientific S.E.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0014000MR3"/>
          <ticker value="ERF FP"/>
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        <balance>1637209</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>87334336.49</valUSD>
        <pctVal>0.8408320741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinder Morgan Inc</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
        <cusip>49456B101</cusip>
        <identifiers>
          <isin value="US49456B1017"/>
          <ticker value="KMI"/>
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        <balance>2874085</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81997645.05</valUSD>
        <pctVal>0.7894518093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CarMax Inc</name>
        <lei>N/A</lei>
        <title>CarMax, Inc.</title>
        <cusip>143130102</cusip>
        <identifiers>
          <isin value="US1431301027"/>
          <ticker value="KMX"/>
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        <balance>1521148</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118527852.16</valUSD>
        <pctVal>1.1411550573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH KOREAN WON  /</name>
        <lei>N/A</lei>
        <title>SOUTH KOREAN WON  /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="KRW"/>
        </identifiers>
        <balance>3</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1472.50"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LPL Financial Holdings Inc</name>
        <lei>549300XROQ4Y8G2L7682</lei>
        <title>LPL Financial Holdings, Inc.</title>
        <cusip>50212V100</cusip>
        <identifiers>
          <isin value="US50212V1008"/>
          <ticker value="LPLA"/>
        </identifiers>
        <balance>408466</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133625567.24</valUSD>
        <pctVal>1.2865118963</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>Marriott International Inc/MD</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc. - Class A</title>
        <cusip>571903202</cusip>
        <identifiers>
          <isin value="US5719032022"/>
          <ticker value="MAR"/>
        </identifiers>
        <balance>288240</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68658768</valUSD>
        <pctVal>0.6610286013</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>Mcdermott International Ltd</name>
        <lei>54930004RAXI4B3L4752</lei>
        <title>Mcdermott International Ltd.</title>
        <cusip>G5924V148</cusip>
        <identifiers>
          <isin value="BMG5924V1485"/>
          <ticker value="MCDIF"/>
        </identifiers>
        <balance>2512151.6960</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32657972.05</valUSD>
        <pctVal>0.3144223850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CISCO SYSTEMS, Inc. DCP 04/07/2025   /</name>
        <lei>N/A</lei>
        <title>CISCO SYSTEMS, Inc. DCP 04/07/2025   /</title>
        <cusip>17277AR74</cusip>
        <identifiers>
          <ticker value="17277AR7"/>
        </identifiers>
        <balance>135000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134899874.99</valUSD>
        <pctVal>1.2987805969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-07</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CISCO SYSTEMS, Inc. DCP 07/03/2025   /</name>
        <lei>N/A</lei>
        <title>CISCO SYSTEMS, Inc. DCP 07/03/2025   /</title>
        <cusip>17277AU39</cusip>
        <identifiers>
          <ticker value="17277AU3"/>
        </identifiers>
        <balance>19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18787960</valUSD>
        <pctVal>0.1808855487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-03</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swire Pacific Ltd</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd. - A Shares</title>
        <cusip>Y83310105</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
          <ticker value="19 HK"/>
        </identifiers>
        <balance>2098628</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7815"/>
        <valUSD>18501044.89</valUSD>
        <pctVal>0.1781232053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA COLA Co. DCP, 05/21/2025   /</name>
        <lei>N/A</lei>
        <title>COCA COLA Co. DCP, 05/21/2025   /</title>
        <cusip>19121ASM4</cusip>
        <identifiers>
          <ticker value="19121ASM"/>
        </identifiers>
        <balance>100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99405555.62</valUSD>
        <pctVal>0.9570506042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA COLA Co. DCP, 05/28/2025   /</name>
        <lei>N/A</lei>
        <title>COCA COLA Co. DCP, 05/28/2025   /</title>
        <cusip>19121ASU6</cusip>
        <identifiers>
          <ticker value="19121ASU"/>
        </identifiers>
        <balance>54965000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54590779.83</valUSD>
        <pctVal>0.5255857029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA COLA Co. DCP, 09/10/2025   /</name>
        <lei>N/A</lei>
        <title>COCA COLA Co. DCP, 09/10/2025   /</title>
        <cusip>19121AWA5</cusip>
        <identifiers>
          <ticker value="19121AWA"/>
        </identifiers>
        <balance>15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14716499.96</valUSD>
        <pctVal>0.1416865998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Corp/Republic of Korea</name>
        <lei>N/A</lei>
        <title>Orion Corp./Republic of Korea</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="KR7271560005"/>
          <ticker value="271560KS"/>
        </identifiers>
        <balance>482504</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50"/>
        <valUSD>38749098.97</valUSD>
        <pctVal>0.3730661566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nexon Co Ltd</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>Nexon Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JP3758190007"/>
          <ticker value="3659 JP"/>
        </identifiers>
        <balance>3917437</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>53654566.41</valUSD>
        <pctVal>0.5165720857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GULFPORT ENERGY Corp. CONV PFD Series A   /</name>
        <lei>N/A</lei>
        <title>GULFPORT ENERGY Corp. CONV PFD Series A   /</title>
        <cusip>402635601</cusip>
        <identifiers>
          <isin value="US4026356018"/>
          <ticker value="40263560"/>
        </identifiers>
        <balance>1345</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1496653.21</valUSD>
        <pctVal>0.0144093844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON Co. DCP, 04/01/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON Co. DCP, 04/01/2025   /</title>
        <cusip>47816FR11</cusip>
        <identifiers>
          <ticker value="47816FR1"/>
        </identifiers>
        <balance>30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30000000</valUSD>
        <pctVal>0.2888321276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON Co. DCP, 05/07/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON Co. DCP, 05/07/2025   /</title>
        <cusip>47816FS77</cusip>
        <identifiers>
          <ticker value="47816FS7"/>
        </identifiers>
        <balance>65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>64721149.88</valUSD>
        <pctVal>0.6231182474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-07</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON DCP, 06/16/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON DCP, 06/16/2025   /</title>
        <cusip>47816FTG6</cusip>
        <identifiers>
          <ticker value="47816FTG"/>
        </identifiers>
        <balance>70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69376377.53</valUSD>
        <pctVal>0.6679375576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Madison Avenue Trust</name>
        <lei>N/A</lei>
        <title>Eleven Madison Trust 2015-11MD Mortgage Trust</title>
        <cusip>556227AA4</cusip>
        <identifiers>
          <isin value="US556227AA48"/>
          <ticker value="556227AA"/>
        </identifiers>
        <balance>12681000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12485495.75</valUSD>
        <pctVal>0.1202070767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.5548</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON Co. DCP, 06/18/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON Co. DCP, 06/18/2025   /</title>
        <cusip>47816FTJ0</cusip>
        <identifiers>
          <ticker value="47816FTJ"/>
        </identifiers>
        <balance>57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56476359.92</valUSD>
        <pctVal>0.5437395732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON Co. DCP, 06/20/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON Co. DCP, 06/20/2025   /</title>
        <cusip>47816FTL5</cusip>
        <identifiers>
          <ticker value="47816FTL"/>
        </identifiers>
        <balance>100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99051111.40</valUSD>
        <pctVal>0.9536381083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   /</name>
        <lei>N/A</lei>
        <title>MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   /</title>
        <cusip>58004K307</cusip>
        <identifiers>
          <ticker value="58004K30"/>
        </identifiers>
        <balance>8430.8960</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109601.65</valUSD>
        <pctVal>0.0010552159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /</name>
        <lei>N/A</lei>
        <title>MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /</title>
        <cusip>58004K406</cusip>
        <identifiers>
          <ticker value="58004K40"/>
        </identifiers>
        <balance>331299.9280</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4306899.06</valUSD>
        <pctVal>0.0414656940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON Co. DCP, 07/21/2025   /</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; JOHNSON Co. DCP, 07/21/2025   /</title>
        <cusip>47816FUM1</cusip>
        <identifiers>
          <ticker value="47816FUM"/>
        </identifiers>
        <balance>86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84878345</valUSD>
        <pctVal>0.8171864325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-21</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>

      <invstOrSec>
        <name>NESTLE CAPITAL DCP,  05/02/25   /</name>
        <lei>N/A</lei>
        <title>NESTLE CAPITAL DCP,  05/02/25   /</title>
        <cusip>64106GS20</cusip>
        <identifiers>
          <ticker value="64106GS2"/>
        </identifiers>
        <balance>60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59777833.10</valUSD>
        <pctVal>0.5755252906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-02</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>


      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 05/05/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 05/05/2025   /</title>
        <cusip>71344TS52</cusip>
        <identifiers>
          <ticker value="71344TS5"/>
        </identifiers>
        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9959577.75</valUSD>
        <pctVal>0.0958882011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 05/16/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 05/16/2025   /</title>
        <cusip>71344TSG8</cusip>
        <identifiers>
          <ticker value="71344TSG"/>
        </identifiers>
        <balance>98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97475700.24</valUSD>
        <pctVal>0.9384704630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 07/28/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 07/28/2025   /</title>
        <cusip>71344TUU4</cusip>
        <identifiers>
          <ticker value="71344TUU"/>
        </identifiers>
        <balance>75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73970450.10</valUSD>
        <pctVal>0.7121680828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-28</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENVUE, Inc. DCP 04/23/2025   /</name>
        <lei>N/A</lei>
        <title>KENVUE, Inc. DCP 04/23/2025   /</title>
        <cusip>49177FRP7</cusip>
        <identifiers>
          <ticker value="49177FRP"/>
        </identifiers>
        <balance>60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59840866.80</valUSD>
        <pctVal>0.5761321625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENVUE, Inc. DCP 05/14/2025   /</name>
        <lei>N/A</lei>
        <title>KENVUE, Inc. DCP 05/14/2025   /</title>
        <cusip>49177FSE1</cusip>
        <identifiers>
          <ticker value="49177FSE"/>
        </identifiers>
        <balance>80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79585288.96</valUSD>
        <pctVal>0.7662262779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/01/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/01/2025   /</title>
        <cusip>71344TV17</cusip>
        <identifiers>
          <ticker value="71344TV1"/>
        </identifiers>
        <balance>53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52251021.67</valUSD>
        <pctVal>0.5030591253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/04/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/04/2025   /</title>
        <cusip>71344TV41</cusip>
        <identifiers>
          <ticker value="71344TV4"/>
        </identifiers>
        <balance>97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95595521.04</valUSD>
        <pctVal>0.9203685911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/05/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/05/2025   /</title>
        <cusip>71344TV58</cusip>
        <identifiers>
          <ticker value="71344TV5"/>
        </identifiers>
        <balance>86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84717739.79</valUSD>
        <pctVal>0.8156401677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/06/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/06/2025   /</title>
        <cusip>71344TV66</cusip>
        <identifiers>
          <ticker value="71344TV6"/>
        </identifiers>
        <balance>87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85692535.21</valUSD>
        <pctVal>0.8250252422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-06</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BMCJKX1   TRS CAD VERANO VRNO CN   /</name>
        <lei>N/A</lei>
        <title>BMCJKX1   TRS CAD VERANO VRNO CN   /</title>
        <cusip>99S1TLTF9</cusip>
        <identifiers>
          <ticker value="99S1TLTF"/>
        </identifiers>
        <balance>1619914</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.4391"/>
        <valUSD>-4125378.06</valUSD>
        <pctVal>0.0101339971</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other-SWAP" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Normura Securities International</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BMCJKX1   TRS CAD VERANO VRNO CN   /</issuerName>
                <issueTitle>BMCJKX1   TRS CAD VERANO VRNO CN   /</issueTitle>
                <identifiers>
                  <cusip value="999999999"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <floatingPmntDesc curCd="CAD" fixedOrFloating="Floating" floatingRtIndex="CAONREPO" floatingRtSpread="1.800000000000" pmntAmt="-178504.030000000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-14</terminationDt>
            <upfrontPmnt>0.000000000000</upfrontPmnt>
            <pmntCurCd>CAD</pmntCurCd>
            <upfrontRcpt>0.000000000000</upfrontRcpt>
            <rcptCurCd>CAD</rcptCurCd>
            <notionalAmt>7451604.40</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>-4125378.06</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/11/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/11/2025   /</title>
        <cusip>71344TVB5</cusip>
        <identifiers>
          <ticker value="71344TVB"/>
        </identifiers>
        <balance>30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29543500</valUSD>
        <pctVal>0.2844370654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 08/15/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/15/2025   /</title>
        <cusip>71344TVF6</cusip>
        <identifiers>
          <ticker value="71344TVF"/>
        </identifiers>
        <balance>25000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24595777.86</valUSD>
        <pctVal>0.2368016950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>1715269</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123139161.51</valUSD>
        <pctVal>1.1855515337</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>PEPSICO, Inc. DCP, 08/18/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 08/18/2025   /</title>
        <cusip>71344TVJ8</cusip>
        <identifiers>
          <ticker value="71344TVJ"/>
        </identifiers>
        <balance>35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34436470.73</valUSD>
        <pctVal>0.3315453036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 09/08/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 09/08/2025   /</title>
        <cusip>71344TW81</cusip>
        <identifiers>
          <ticker value="71344TW8"/>
        </identifiers>
        <balance>65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63778000</valUSD>
        <pctVal>0.6140378478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-08</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 09/09/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 09/09/2025   /</title>
        <cusip>71344TW99</cusip>
        <identifiers>
          <ticker value="71344TW9"/>
        </identifiers>
        <balance>65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63770362.50</valUSD>
        <pctVal>0.6139643160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 09/10/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 09/10/2025   /</title>
        <cusip>71344TWA6</cusip>
        <identifiers>
          <ticker value="71344TWA"/>
        </identifiers>
        <balance>50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49055000.14</valUSD>
        <pctVal>0.4722886687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 09/15/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 09/15/2025   /</title>
        <cusip>71344TWF5</cusip>
        <identifiers>
          <ticker value="71344TWF"/>
        </identifiers>
        <balance>43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42172190.42</valUSD>
        <pctVal>0.4060227828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO, Inc. DCP, 09/16/2025   /</name>
        <lei>N/A</lei>
        <title>PEPSICO, Inc. DCP, 09/16/2025   /</title>
        <cusip>71344TWG3</cusip>
        <identifiers>
          <ticker value="71344TWG"/>
        </identifiers>
        <balance>49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48051033.49</valUSD>
        <pctVal>0.4626227412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-16</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERSHING SQUARE TONT SHS   /</name>
        <lei>N/A</lei>
        <title>PERSHING SQUARE TONT SHS   /</title>
        <cusip>715ESC018</cusip>
        <identifiers>
          <isin value="US715ESC0184"/>
          <ticker value="715ESC01"/>
        </identifiers>
        <balance>457176</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HOLDINGS DCP DCP, 04/25/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HOLDINGS DCP DCP, 04/25/2025   /</title>
        <cusip>77119LRR2</cusip>
        <identifiers>
          <ticker value="77119LRR"/>
        </identifiers>
        <balance>15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14957300.03</valUSD>
        <pctVal>0.1440049597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/09/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/09/2025   /</title>
        <cusip>77119LS91</cusip>
        <identifiers>
          <ticker value="77119LS9"/>
        </identifiers>
        <balance>60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59728933.43</valUSD>
        <pctVal>0.5750544974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-09</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/12/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/12/2025   /</title>
        <cusip>77119LSC4</cusip>
        <identifiers>
          <ticker value="77119LSC"/>
        </identifiers>
        <balance>22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21893263.28</valUSD>
        <pctVal>0.2107825938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-12</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meta Platforms Inc</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc. - Class A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <isin value="US30303M1027"/>
          <ticker value="META"/>
        </identifiers>
        <balance>501888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>289268167.68</valUSD>
        <pctVal>2.7849980107</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>MSILF Treasury Portfolio</name>
        <lei>549300D1XR6GP7EZ0T47</lei>
        <title>MSILF Treasury Portfolio - Class Institutional USD INC</title>
        <cusip>61747C582</cusip>
        <identifiers>
          <isin value="US61747C5821"/>
          <ticker value="MISXX"/>
        </identifiers>
        <balance>7509432</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7509432</valUSD>
        <pctVal>0.0722988407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/13/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/13/2025   /</title>
        <cusip>77119LSD2</cusip>
        <identifiers>
          <ticker value="77119LSD"/>
        </identifiers>
        <balance>60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59701800.14</valUSD>
        <pctVal>0.5747932652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-13</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/14/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/14/2025   /</title>
        <cusip>77119LSE0</cusip>
        <identifiers>
          <ticker value="77119LSE"/>
        </identifiers>
        <balance>30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29846633.33</valUSD>
        <pctVal>0.2873555536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/19/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/19/2025   /</title>
        <cusip>77119LSK6</cusip>
        <identifiers>
          <ticker value="77119LSK"/>
        </identifiers>
        <balance>54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53693280.13</valUSD>
        <pctVal>0.5169448113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HLDGS, Inc. DCP, 05/22/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/22/2025   /</title>
        <cusip>77119LSN0</cusip>
        <identifiers>
          <ticker value="77119LSN"/>
        </identifiers>
        <balance>20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19878733.27</valUSD>
        <pctVal>0.1913872275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARIADB PLC</name>
        <lei>N/A</lei>
        <title>MariaDB PLC</title>
        <cusip>G5920M118</cusip>
        <identifiers>
          <isin value="IE000UJTXLQ2"/>
          <ticker value="MRDB/WS"/>
        </identifiers>
        <balance>316054</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>New York</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MARIADB PLC ORD SHS</issuerName>
                <issueTitle>MARIADB PLC ORD SHS</issueTitle>
                <identifiers>
                  <ticker value="MRDB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-180510.74</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vail Resorts Inc</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts, Inc.</title>
        <cusip>91879Q109</cusip>
        <identifiers>
          <isin value="US91879Q1094"/>
          <ticker value="MTN"/>
        </identifiers>
        <balance>513932</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82239398.64</valUSD>
        <pctVal>0.7917793494</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>ROCHE HLDGS, Inc. DCP, 05/23/2025   /</name>
        <lei>N/A</lei>
        <title>ROCHE HLDGS, Inc. DCP, 05/23/2025   /</title>
        <cusip>77119LSP5</cusip>
        <identifiers>
          <ticker value="77119LSP"/>
        </identifiers>
        <balance>60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59629066.51</valUSD>
        <pctVal>0.5740930049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-23</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nintendo Co Ltd</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co., Ltd.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="7974 JP"/>
        </identifiers>
        <balance>1513880</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.99"/>
        <valUSD>102910082.26</valUSD>
        <pctVal>0.9907912671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp.</title>
        <cusip>808513AR6</cusip>
        <identifiers>
          <isin value="US808513AR62"/>
          <ticker value="808513AR"/>
        </identifiers>
        <balance>2588000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2497420</valUSD>
        <pctVal>0.0240445044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp.</title>
        <cusip>808513BK0</cusip>
        <identifiers>
          <isin value="US808513BK01"/>
          <ticker value="808513BK"/>
        </identifiers>
        <balance>18976000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18483665.78</valUSD>
        <pctVal>0.1779558838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCR Atleos Corp</name>
        <lei>N/A</lei>
        <title>NCR Atleos Corp.</title>
        <cusip>63001N106</cusip>
        <identifiers>
          <isin value="US63001N1063"/>
          <ticker value="NATL"/>
        </identifiers>
        <balance>1845291</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48678776.58</valUSD>
        <pctVal>0.4686664870</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>TOTAL CAPITAL S.A. DCP,  05/20/2025   /</name>
        <lei>N/A</lei>
        <title>TOTAL CAPITAL S.A. DCP,  05/20/2025   /</title>
        <cusip>89152ESL3</cusip>
        <identifiers>
          <ticker value="89152ESL"/>
        </identifiers>
        <balance>63200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62824082.99</valUSD>
        <pctVal>0.6048537852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-APCP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-20</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797KS5</cusip>
        <identifiers>
          <isin value="US912797KS58"/>
          <ticker value="912797KS"/>
        </identifiers>
        <balance>114000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113788980</valUSD>
        <pctVal>1.0955304397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN STAR INVESTMENT -A</name>
        <lei>N/A</lei>
        <title>Northern Star Investment Corp. IV</title>
        <cusip>66575B119</cusip>
        <identifiers>
          <isin value="US66575B1199"/>
          <ticker value="NSTDW"/>
        </identifiers>
        <balance>70911</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>OTC US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NORTHERN STAR INVEST COM CL A</issuerName>
                <issueTitle>NORTHERN STAR INVEST COM CL A</issueTitle>
                <identifiers>
                  <ticker value="NSTD"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-6274.60</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NXP Semiconductors NV</name>
        <lei>724500M9BY5293JDF951</lei>
        <title>NXP Semiconductors N.V.</title>
        <cusip>N6596X109</cusip>
        <identifiers>
          <isin value="NL0009538784"/>
          <ticker value="NXPI"/>
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        <balance>482460</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91696347.60</valUSD>
        <pctVal>0.8828283724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797LB1</cusip>
        <identifiers>
          <isin value="US912797LB15"/>
          <ticker value="912797LB"/>
        </identifiers>
        <balance>108000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107456375.84</valUSD>
        <pctVal>1.0345617886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797LN5</cusip>
        <identifiers>
          <isin value="US912797LN52"/>
          <ticker value="912797LN"/>
        </identifiers>
        <balance>100000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99160530</valUSD>
        <pctVal>0.9546915618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PG&amp;E Corp</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
        <cusip>69331C108</cusip>
        <identifiers>
          <isin value="US69331C1080"/>
          <ticker value="PCG"/>
        </identifiers>
        <balance>720710</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12381797.80</valUSD>
        <pctVal>0.1192087001</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>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus N.V.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PRX NA"/>
        </identifiers>
        <balance>2882508</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>133920673.37</valUSD>
        <pctVal>1.2893531007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797LW5</cusip>
        <identifiers>
          <isin value="US912797LW51"/>
          <ticker value="912797LW"/>
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        <balance>130000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128484018</valUSD>
        <pctVal>1.2370104094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797MG9</cusip>
        <identifiers>
          <isin value="US912797MG92"/>
          <ticker value="912797MG"/>
        </identifiers>
        <balance>49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48275691.80</valUSD>
        <pctVal>0.4647856925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEALAND REFICAR TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>LEALAND REFICAR TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="REFICART"/>
        </identifiers>
        <balance>534718.15</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401038.61</valUSD>
        <pctVal>0.0038610945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.090390</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0000120693"/>
          <ticker value="RI FP"/>
        </identifiers>
        <balance>800753</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>79109599.50</valUSD>
        <pctVal>0.7616464646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797MV6</cusip>
        <identifiers>
          <isin value="US912797MV69"/>
          <ticker value="912797MV"/>
        </identifiers>
        <balance>81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80981244.74</valUSD>
        <pctVal>0.7796661738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NB9</cusip>
        <identifiers>
          <isin value="US912797NB96"/>
          <ticker value="912797NB"/>
        </identifiers>
        <balance>78000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77918652.60</valUSD>
        <pctVal>0.7501803404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROSS ACQUISITION CORP II -A</name>
        <lei>N/A</lei>
        <title>Ross Acquisition Corp. II</title>
        <cusip>G7641C114</cusip>
        <identifiers>
          <isin value="KYG7641C1143"/>
          <ticker value="ROSS/WS"/>
        </identifiers>
        <balance>77074</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>New York</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ROSS ACQUISITION COR SHS CL A</issuerName>
                <issueTitle>ROSS ACQUISITION COR SHS CL A</issueTitle>
                <identifiers>
                  <ticker value="ROSS"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>11.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-16688.03</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran S.A.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="FR0000073272"/>
          <ticker value="SAF FP"/>
        </identifiers>
        <balance>662981</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9248"/>
        <valUSD>174554337.62</valUSD>
        <pctVal>1.6805633573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EchoStar Corp</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp. - Class A</title>
        <cusip>278768106</cusip>
        <identifiers>
          <isin value="US2787681061"/>
          <ticker value="SATS"/>
        </identifiers>
        <balance>933511</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23879211.38</valUSD>
        <pctVal>0.2299027809</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>SPDR Portfolio S&amp;P 500 Growth</name>
        <lei>549300VUPJJVH7HVPB06</lei>
        <title>SPDR Portfolio S&amp;P 500 Growth ETF - Class USD INC</title>
        <cusip>78464A409</cusip>
        <identifiers>
          <isin value="US78464A4094"/>
          <ticker value="SPYG"/>
        </identifiers>
        <balance>-59768</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-4803554.16</valUSD>
        <pctVal>-0.0462473589</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity Funds"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NC7</cusip>
        <identifiers>
          <isin value="US912797NC79"/>
          <ticker value="912797NC"/>
        </identifiers>
        <balance>112000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>111701626.75</valUSD>
        <pctVal>1.0754339504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797ND5</cusip>
        <identifiers>
          <isin value="US912797ND52"/>
          <ticker value="912797ND"/>
        </identifiers>
        <balance>129000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128553310</valUSD>
        <pctVal>1.2376775346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TE Connectivity PLC</name>
        <lei>894500ZRIX9K13RHXR17</lei>
        <title>TE Connectivity PLC</title>
        <cusip>H84989104</cusip>
        <identifiers>
          <isin value="CH0102993182"/>
          <ticker value="TEL"/>
        </identifiers>
        <balance>1742366</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246231163.12</valUSD>
        <pctVal>2.3706490242</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>Uber Technologies Inc</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <isin value="US90353T1007"/>
          <ticker value="UBER"/>
        </identifiers>
        <balance>784070</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57127340.20</valUSD>
        <pctVal>0.5500070405</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>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NE3</cusip>
        <identifiers>
          <isin value="US912797NE36"/>
          <ticker value="912797NE"/>
        </identifiers>
        <balance>20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19913426.17</valUSD>
        <pctVal>0.1917212416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NM5</cusip>
        <identifiers>
          <isin value="US912797NM51"/>
          <ticker value="912797NM"/>
        </identifiers>
        <balance>23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22863638.75</valUSD>
        <pctVal>0.2201251142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vornado Realty Trust</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust - REIT</title>
        <cusip>929042109</cusip>
        <identifiers>
          <isin value="US9290421091"/>
          <ticker value="VNO"/>
        </identifiers>
        <balance>1448615</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53584268.85</valUSD>
        <pctVal>0.5158952793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <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>NCR Voyix Corp</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR Voyix Corp.</title>
        <cusip>62886E108</cusip>
        <identifiers>
          <isin value="US62886E1082"/>
          <ticker value="VYX"/>
        </identifiers>
        <balance>2751836</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26830401</valUSD>
        <pctVal>0.2583160602</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>Westinghouse Air Brake Technol</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>Westinghouse Air Brake Technologies Corp.</title>
        <cusip>929740108</cusip>
        <identifiers>
          <isin value="US9297401088"/>
          <ticker value="WAB"/>
        </identifiers>
        <balance>281311</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51015749.85</valUSD>
        <pctVal>0.4911662524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-08</ncom:dateSigned>
      <ncom:nameOfApplicant>Investment Managers Series Trust III</ncom:nameOfApplicant>
      <ncom:signature>/s/ Maureen Quill</ncom:signature>
      <ncom:signerName>Maureen Quill</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
