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        <fairValLevel>1</fairValLevel>
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        <name>Assurant, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VICI Properties Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hormel Foods Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Everest Group, Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Occidental Petroleum Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Keurig Dr Pepper Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cigna Group (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arch Capital Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dow Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONEOK, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Builders FirstSource, Inc.</name>
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        <name>American International Group, Inc.</name>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Devon Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Baxter International Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Edison International</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Resources, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Genuine Parts Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Halliburton Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Henry Schein, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exxon Mobil Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Humana Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tyson Foods, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Viatris Inc.</name>
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        <name>Loews Corp.</name>
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        <name>Target Corp.</name>
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        <name>MGM Resorts International</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FedEx Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Flavors &amp; Fragrances Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Omnicom Group Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group Inc.</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA Corp.</title>
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          <isin value="US03743Q1085"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pfizer Inc.</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PulteGroup, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US7458671010"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UnitedHealth Group Inc.</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc.</title>
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          <isin value="US91324P1021"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SLB Ltd.</name>
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        <title>SLB Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CW</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Textron Inc.</name>
        <lei>3PPKBHUG1HD6BO7RNR87</lei>
        <title>Textron 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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Universal Health Services, Inc.</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>Universal Health Services, Inc., Class B</title>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valero Energy Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Walt Disney Co. (The)</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Ford Motor Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dollar General Corp.</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
        <title>Dollar General Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Global Payments Inc.</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>U.S. Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Warner Bros. Discovery, Inc.</name>
        <lei>5493006ZCRFWKF6B1K26</lei>
        <title>Warner Bros. Discovery, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Zimmer Biomet Holdings, Inc.</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>Zimmer Biomet Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cencora, Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>Cencora, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>LyondellBasell Industries N.V.</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
        <title>LyondellBasell Industries N.V., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Chevron Corp.</name>
        <lei>LJOF0JWZSCIUPEC3LQ45</lei>
        <title>Chevron Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>General Motors Co.</name>
        <lei>54930070NSV60J38I987</lei>
        <title>General Motors Co.</title>
        <cusip>37045V100</cusip>
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        <valUSD>32379228.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huntington Ingalls Industries, Inc.</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
        <title>Huntington Ingalls Industries, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Financial 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>Nucor Corp.</name>
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        <title>Nucor Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lennar Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bunge Global S.A.</name>
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        <title>Bunge Global S.A.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ConocoPhillips</name>
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        <title>ConocoPhillips</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Mosaic Co. (The)</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>Mosaic Co. (The)</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Marathon Petroleum Corp.</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>Marathon Petroleum Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Ltd.</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>Invesco Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>D.R. Horton, Inc.</name>
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        <title>D.R. Horton, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Smurfit Westrock PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aptiv PLC</name>
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        <title>Aptiv PLC</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Phillips 66</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Biogen Inc.</name>
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        <title>Biogen Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup Inc.</name>
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        <title>Citigroup Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Diamondback Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Paramount Skydance Corp.</name>
        <lei>529900B6VAJG54Y9QF02</lei>
        <title>Paramount Skydance Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Amcor PLC</name>
        <lei>549300GSODGFCDQ3DI89</lei>
        <title>Amcor PLC</title>
        <cusip>G0250X149</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
        <cusip>337738108</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regions Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ball Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Consolidated Edison, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>M&amp;T Bank Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McKesson Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Conagra Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>News Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Huntington Bancshares Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>News Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinnacle West Capital Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MetLife, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Principal Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Paper Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PG&amp;E Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Molson Coors Beverage Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United Airlines Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Coterra Energy Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citizens Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Travelers Cos., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Elevance Health, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eversource Energy</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kraft Heinz Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      </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>
