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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Park Hotels &amp; Resorts Inc.</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>Park Hotels &amp; Resorts Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reinsurance Group of America, Inc.</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TD SYNNEX Corp.</name>
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        <title>TD SYNNEX Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brighthouse Financial, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cleveland-Cliffs Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Knight-Swift Transportation Holdings Inc.</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Air Group, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CNO Financial Group, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Associated Banc-Corp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASGN Inc.</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valley National Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jefferies Financial Group Inc.</name>
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        <title>Jefferies Financial Group Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank OZK</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Webster Financial Corp.</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Sonoco Products Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kilroy Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Olin Corp.</name>
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        <title>Olin Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Old National Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>F.N.B. Corp.</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>F.N.B. Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Prosperity Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Penske Automotive Group, Inc.</name>
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        <title>Penske Automotive Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Darling Ingredients Inc.</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Graphic Packaging Holding Co.</name>
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        <title>Graphic Packaging Holding Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cousins Properties Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Envista Holdings Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WESCO International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avnet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ovintiv Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UFP Industries, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Private Government Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avient Corp.</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>Avient Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gap, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Murphy Oil Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Harley-Davidson, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jones Lang LaSalle Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chord Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Concentrix Corp.</name>
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        <title>Concentrix Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NOV Inc.</name>
        <lei>549300EHF3IW1AR6U008</lei>
        <title>NOV Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>GXO Logistics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Whirlpool Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lear Corp.</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>Lear Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kyndryl Holdings, Inc.</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Fluor Corp.</name>
        <lei>CQ7WZ4NOFWT7FAE6Q943</lei>
        <title>Fluor Corp.</title>
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        <name>HF Sinclair Corp.</name>
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        <name>Visteon Corp.</name>
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        <name>Thor Industries, Inc.</name>
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        <name>Commercial Metals Co.</name>
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        <name>Westlake Corp.</name>
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        <name>Kemper Corp.</name>
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        <name>Cabot Corp.</name>
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        <name>Terex Corp.</name>
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        <name>Matador Resources Co.</name>
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        <name>Ingredion Inc.</name>
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        <name>PBF Energy Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arrow Electronics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinnacle Financial Partners, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KBR, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coty Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Unum Group</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AutoNation, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ryder System, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KB Home</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Murphy USA Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Science Applications International Corp.</name>
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        <title>Science Applications International Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CNH Industrial N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Selective Insurance Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Silgan Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aramark</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Airlines Group Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BorgWarner Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Columbia Sportswear Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Voya Financial, Inc.</name>
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        <title>Voya Financial, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Ally Financial Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Bankshares, Inc.</name>
        <lei>5299005O3BAMJ9Z92V62</lei>
        <title>United Bankshares, Inc.</title>
        <cusip>909907107</cusip>
        <identifiers>
          <isin value="US9099071071"/>
        </identifiers>
        <balance>45079.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1908194.07000000</valUSD>
        <pctVal>0.615069402991</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>Macy's, Inc.</name>
        <lei>529900NZQ81TIOW3CW52</lei>
        <title>Macy's, Inc.</title>
        <cusip>55616P104</cusip>
        <identifiers>
          <isin value="US55616P1049"/>
        </identifiers>
        <balance>238404.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4772848.08000000</valUSD>
        <pctVal>1.538435144144</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>Albertsons Cos., Inc.</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>Albertsons Cos., Inc., Class A</title>
        <cusip>013091103</cusip>
        <identifiers>
          <isin value="US0130911037"/>
        </identifiers>
        <balance>234914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3911318.10000000</valUSD>
        <pctVal>1.260737640107</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="129302.46000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
