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        <cusip>125269100</cusip>
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          <isin value="US1252691001"/>
          <ticker value="CF"/>
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        <balance>9133</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>988738.58</valUSD>
        <pctVal>0.3123712992</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>SOUTHERN COPPER CORP</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>SOUTHERN COPPER CORP</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
          <ticker value="SCCO"/>
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        <balance>4485</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>781556.1</valUSD>
        <pctVal>0.2469163228</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>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC</title>
        <cusip>00206R102</cusip>
        <identifiers>
          <isin value="US00206R1023"/>
          <ticker value="T"/>
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        <balance>80204</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1660222.8</valUSD>
        <pctVal>0.5245127109</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>FIDELITY NATL. INFO. SERV</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
        <title>FIDELITY NATL. INFO. SERV</title>
        <cusip>31620M106</cusip>
        <identifiers>
          <isin value="US31620M1062"/>
          <ticker value="FIS"/>
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        <balance>19414</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>754816.32</valUSD>
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        <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>WESTERN UNION CO/THE</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>WESTERN UNION CO/THE</title>
        <cusip>959802109</cusip>
        <identifiers>
          <isin value="US9598021098"/>
          <ticker value="WU"/>
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        <balance>87183</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>671309.1</valUSD>
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        <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="671309.100000000000"/>
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      <invstOrSec>
        <name>EXXON MOBIL CORP</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>EXXON MOBIL CORP</title>
        <cusip>30231G102</cusip>
        <identifiers>
          <isin value="US30231G1022"/>
          <ticker value="XOM"/>
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        <balance>8390</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1147080.8</valUSD>
        <pctVal>0.3623962158</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>TESLA INC</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>TESLA INC</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
          <ticker value="TSLA"/>
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        <balance>6822</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2869333.2</valUSD>
        <pctVal>0.9065058830</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>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
          <ticker value="C"/>
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        <balance>35167</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4921973.32</valUSD>
        <pctVal>1.5549946484</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>BROADRIDGE FINL. SOLS. IN</name>
        <lei>549300KZDJZQ2YIHRC28</lei>
        <title>BROADRIDGE FINL. SOLS. IN</title>
        <cusip>11133T103</cusip>
        <identifiers>
          <isin value="US11133T1034"/>
          <ticker value="BR"/>
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        <balance>3307</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>452893.65</valUSD>
        <pctVal>0.1430822876</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>INVESCO LTD</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>INVESCO LTD</title>
        <cusip>G491BT108</cusip>
        <identifiers>
          <isin value="BMG491BT1088"/>
          <ticker value="IVZ"/>
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        <balance>61246</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1616281.94</valUSD>
        <pctVal>0.5106305141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILIP MORRIS INTL. INC</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTL. INC</title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
          <ticker value="PM"/>
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        <balance>23850</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4314703.5</valUSD>
        <pctVal>1.3631404349</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>NETAPP INC</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NETAPP INC</title>
        <cusip>64110D104</cusip>
        <identifiers>
          <isin value="US64110D1046"/>
          <ticker value="NTAP"/>
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        <balance>8999</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1392685.24</valUSD>
        <pctVal>0.4399898078</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>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR PROPERTIES</title>
        <cusip>26884U109</cusip>
        <identifiers>
          <isin value="US26884U1097"/>
          <ticker value="EPR"/>
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        <balance>14647</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>849672.47</valUSD>
        <pctVal>0.2684362669</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>STARWOOD PROP. TST. INC</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>STARWOOD PROP. TST. INC</title>
        <cusip>85571B105</cusip>
        <identifiers>
          <isin value="US85571B1052"/>
          <ticker value="STWD"/>
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        <balance>47319</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>775085.22</valUSD>
        <pctVal>0.2448719834</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>WENDY S CO/THE</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>WENDY S CO/THE</title>
        <cusip>95058W100</cusip>
        <identifiers>
          <isin value="US95058W1009"/>
          <ticker value="WEN"/>
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        <balance>48322</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>400589.38</valUSD>
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        <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>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY INC</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>BERKSHIRE HATHAWAY INC</title>
        <cusip>084670702</cusip>
        <identifiers>
          <isin value="US0846707026"/>
          <ticker value="BRK/B"/>
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        <balance>3356</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1679308.84</valUSD>
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        <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>RITHM CAP. CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITHM CAP. CORP</title>
        <cusip>64828T201</cusip>
        <identifiers>
          <isin value="US64828T2015"/>
          <ticker value="RITM"/>
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        <balance>86032</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>807840.48</valUSD>
        <pctVal>0.2552203235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMAR ADVERTISING CO</name>
        <lei>529900Y8WW4MKVPTB543</lei>
        <title>LAMAR ADVERTISING CO</title>
        <cusip>512816109</cusip>
        <identifiers>
          <isin value="US5128161099"/>
          <ticker value="LAMR"/>
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        <balance>4969</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>775064.62</valUSD>
        <pctVal>0.2448654753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST HAWAIIAN INC</name>
        <lei>5493002DJSH46F5OLV06</lei>
        <title>FIRST HAWAIIAN INC</title>
        <cusip>32051X108</cusip>
        <identifiers>
          <isin value="US32051X1081"/>
          <ticker value="FHB"/>
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        <balance>32220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>944046</valUSD>
        <pctVal>0.2982516122</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>TAPESTRY INC</name>
        <lei>549300LJNVY5SW3VTN33</lei>
        <title>TAPESTRY INC</title>
        <cusip>876030107</cusip>
        <identifiers>
          <isin value="US8760301072"/>
          <ticker value="TPR"/>
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        <balance>10691</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1564948.58</valUSD>
        <pctVal>0.4944128114</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>BRIXMOR PROP. GRP. INC</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>BRIXMOR PROP. GRP. INC</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
          <ticker value="BRX"/>
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        <balance>23226</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>732315.78</valUSD>
        <pctVal>0.2313598723</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>PERRIGO CO PLC</name>
        <lei>549300IFOQS6R1QLY196</lei>
        <title>PERRIGO CO PLC</title>
        <cusip>G97822103</cusip>
        <identifiers>
          <isin value="IE00BGH1M568"/>
          <ticker value="PRGO"/>
        </identifiers>
        <balance>17388</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180661.32</valUSD>
        <pctVal>0.0570761700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APA CORP</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA CORP</title>
        <cusip>03743Q108</cusip>
        <identifiers>
          <isin value="US03743Q1085"/>
          <ticker value="APA"/>
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        <balance>29190</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>950718.3</valUSD>
        <pctVal>0.3003595860</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>NVIDIA CORP</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
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        <balance>138497</balance>
        <units>NS</units>
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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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      <invstOrSec>
        <name>AMDOCS LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AUTOMATIC DATA PROCESSING</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BEST BUY CO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COGNIZANT TECH. SOLS. COR</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED PARCEL SERV. INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CISCO SYSTEMS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CLOROX CO/THE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>FRANKLIN RES. INC</name>
        <lei>RIFQSET379FOGTEFKS80</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>INTUIT INC</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>MGIC INV. CORP</name>
        <lei>254900S8483WM4M98R28</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MICRON TECHNOLOGY INC COM</name>
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          <ticker value="MU"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PFIZER INC</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>COSTCO WHOLESALE CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>T ROWE PRICE GRP. INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PROCTER &amp; GAMBLE CO/THE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PUBLIC SERV. ENT. GRP. IN</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SIMON PROP. GRP. INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SNAP-ON INC</name>
        <lei>HHWAT5TDOYZMM26KKQ73</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>EDISON INTERNATIONAL</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EDISON INTERNATIONAL</title>
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          <ticker value="EIX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET CORP</title>
        <cusip>857477103</cusip>
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          <ticker value="STT"/>
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        <balance>11879</balance>
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        <curCd>USD</curCd>
        <valUSD>2014678.4</valUSD>
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        <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>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
          <ticker value="CMCSA"/>
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        <balance>34484</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>846582.2</valUSD>
        <pctVal>0.2674599606</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>WESTERN DIGITAL CORP</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>WESTERN DIGITAL CORP</title>
        <cusip>958102105</cusip>
        <identifiers>
          <isin value="US9581021055"/>
          <ticker value="WDC"/>
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        <balance>3064</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1957038.08</valUSD>
        <pctVal>0.6182852980</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>WILLIAMS-SONOMA INC</name>
        <lei>549300IARG6YWVTZ1I92</lei>
        <title>WILLIAMS-SONOMA INC</title>
        <cusip>969904101</cusip>
        <identifiers>
          <isin value="US9699041011"/>
          <ticker value="WSM"/>
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        <balance>5464</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1273658.4</valUSD>
        <pctVal>0.4023857642</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>ACCENTURE PLC</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>ACCENTURE PLC</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
          <ticker value="ACN"/>
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        <balance>10804</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1344449.76</valUSD>
        <pctVal>0.4247508156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONEMAIN HLDGS. INC</name>
        <lei>549300E3VEW8SMS5XW09</lei>
        <title>ONEMAIN HLDGS. INC</title>
        <cusip>68268W103</cusip>
        <identifiers>
          <isin value="US68268W1036"/>
          <ticker value="OMF"/>
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        <balance>15691</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>956680.27</valUSD>
        <pctVal>0.3022431459</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>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC</title>
        <cusip>11135F101</cusip>
        <identifiers>
          <isin value="US11135F1012"/>
          <ticker value="AVGO"/>
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        <balance>31104</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11749536</valUSD>
        <pctVal>3.7120204465</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>UWM HLDGS. CORP</name>
        <lei>N/A</lei>
        <title>UWM HLDGS. CORP</title>
        <cusip>91823B109</cusip>
        <identifiers>
          <isin value="US91823B1098"/>
          <ticker value="UWMC"/>
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        <balance>217621</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498352.09</valUSD>
        <pctVal>0.1574439321</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="498352.090000000000"/>
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      <invstOrSec>
        <name>GAMING AND LEISURE PROPS.</name>
        <lei>5493006GWRDBCZYWTM57</lei>
        <title>GAMING AND LEISURE PROPS.</title>
        <cusip>36467J108</cusip>
        <identifiers>
          <isin value="US36467J1088"/>
          <ticker value="GLPI"/>
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        <balance>17295</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>770146.35</valUSD>
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        <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>VISTRA CORP</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>VISTRA CORP</title>
        <cusip>92840M102</cusip>
        <identifiers>
          <isin value="US92840M1027"/>
          <ticker value="VST"/>
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        <balance>2760</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>437818.8</valUSD>
        <pctVal>0.1383197036</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>VICI PROPS. INC</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI PROPS. INC</title>
        <cusip>925652109</cusip>
        <identifiers>
          <isin value="US9256521090"/>
          <ticker value="VICI"/>
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        <balance>43455</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1153730.25</valUSD>
        <pctVal>0.3644969706</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>BOOKING HLDGS. INC</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>BOOKING HLDGS. INC</title>
        <cusip>09857L108</cusip>
        <identifiers>
          <isin value="US09857L1089"/>
          <ticker value="BKNG"/>
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        <balance>3276</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>583914.24</valUSD>
        <pctVal>0.1844755059</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>ALPHABET INC</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <isin value="US02079K3059"/>
          <ticker value="GOOGL"/>
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        <balance>50535</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18059692.95</valUSD>
        <pctVal>5.7055827130</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>BENTLEY SYS. INC</name>
        <lei>549300WVEHPGE0Z56F71</lei>
        <title>BENTLEY SYS. INC</title>
        <cusip>08265T208</cusip>
        <identifiers>
          <isin value="US08265T2087"/>
          <ticker value="BSY"/>
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        <balance>14855</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>444015.95</valUSD>
        <pctVal>0.1402775637</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>HP INC</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP INC</title>
        <cusip>40434L105</cusip>
        <identifiers>
          <isin value="US40434L1052"/>
          <ticker value="HPQ"/>
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        <balance>71893</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1577332.42</valUSD>
        <pctVal>0.4983252270</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>TRUIST FINL. CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINL. CORP</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <isin value="US89832Q1094"/>
          <ticker value="TFC"/>
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        <balance>30360</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1512535.2</valUSD>
        <pctVal>0.4778538989</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>BROOKFIELD RENEWABLE CORP</name>
        <lei>894500N9AWD5I1YNP231</lei>
        <title>BROOKFIELD RENEWABLE CORP</title>
        <cusip>11285B108</cusip>
        <identifiers>
          <isin value="CA11285B1085"/>
          <ticker value="BEPC"/>
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        <balance>8788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>326210.56</valUSD>
        <pctVal>0.1030594118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="326210.560000000000"/>
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      <invstOrSec>
        <name>VERTIV HLDGS. CO</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HLDGS. CO</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
          <ticker value="VRT"/>
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        <balance>3201</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1071758.82</valUSD>
        <pctVal>0.3385998097</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>LAZARD INC</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>LAZARD INC</title>
        <cusip>52110M109</cusip>
        <identifiers>
          <isin value="US52110M1099"/>
          <ticker value="LAZ"/>
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        <balance>12245</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>513555.3</valUSD>
        <pctVal>0.1622470687</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>AFLAC INC</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>AFLAC INC</title>
        <cusip>001055102</cusip>
        <identifiers>
          <isin value="US0010551028"/>
          <ticker value="AFL"/>
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        <balance>12371</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1450499.75</valUSD>
        <pctVal>0.4582550945</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>CAMDEN PROP. TRUST</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROP. TRUST</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
          <ticker value="CPT"/>
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        <balance>6722</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>769601.78</valUSD>
        <pctVal>0.2431396051</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>CATERPILLAR INC</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>CATERPILLAR INC</title>
        <cusip>149123101</cusip>
        <identifiers>
          <isin value="US1491231015"/>
          <ticker value="CAT"/>
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        <balance>411</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>437673.9</valUSD>
        <pctVal>0.1382739255</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>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <isin value="US46625H1005"/>
          <ticker value="JPM"/>
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        <balance>8847</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2895888.51</valUSD>
        <pctVal>0.9148954784</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>EMERSON ELECTRIC CO</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>EMERSON ELECTRIC CO</title>
        <cusip>291011104</cusip>
        <identifiers>
          <isin value="US2910111044"/>
          <ticker value="EMR"/>
        </identifiers>
        <balance>9594</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1373381.1</valUSD>
        <pctVal>0.4338910680</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>EQUITY RESIDENTIAL</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>EQUITY RESIDENTIAL</title>
        <cusip>29476L107</cusip>
        <identifiers>
          <isin value="US29476L1070"/>
          <ticker value="EQR"/>
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        <balance>15714</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1067452.02</valUSD>
        <pctVal>0.3372391662</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>FASTENAL CO</name>
        <lei>529900PP0C7H2HHPSJ32</lei>
        <title>FASTENAL CO</title>
        <cusip>311900104</cusip>
        <identifiers>
          <isin value="US3119001044"/>
          <ticker value="FAST"/>
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        <balance>31554</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1515538.62</valUSD>
        <pctVal>0.4788027668</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>RESMED INC</name>
        <lei>529900T3QE5253CCXF22</lei>
        <title>RESMED INC</title>
        <cusip>761152107</cusip>
        <identifiers>
          <isin value="US7611521078"/>
          <ticker value="RMD"/>
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        <balance>2905</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>566126.4</valUSD>
        <pctVal>0.1788558095</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>GENERAL MILLS INC</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>GENERAL MILLS INC</title>
        <cusip>370334104</cusip>
        <identifiers>
          <isin value="US3703341046"/>
          <ticker value="GIS"/>
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        <balance>26713</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>929612.4</valUSD>
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        <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>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC</title>
        <cusip>375558103</cusip>
        <identifiers>
          <isin value="US3755581036"/>
          <ticker value="GILD"/>
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        <balance>22361</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2825088.74</valUSD>
        <pctVal>0.8925277701</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>HASBRO INC</name>
        <lei>549300NUB6D2R1ITYR45</lei>
        <title>HASBRO INC</title>
        <cusip>418056107</cusip>
        <identifiers>
          <isin value="US4180561072"/>
          <ticker value="HAS"/>
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        <balance>15379</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1270151.61</valUSD>
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        <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>HOME DEPOT INC/THE</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC/THE</title>
        <cusip>437076102</cusip>
        <identifiers>
          <isin value="US4370761029"/>
          <ticker value="HD"/>
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        <balance>7050</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2486394</valUSD>
        <pctVal>0.7855242425</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>JOHNSON &amp; JOHNSON</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>JOHNSON &amp; JOHNSON</title>
        <cusip>478160104</cusip>
        <identifiers>
          <isin value="US4781601046"/>
          <ticker value="JNJ"/>
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        <balance>15283</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3881423.51</valUSD>
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        <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>KLA-TENCOR CORP</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA-TENCOR CORP</title>
        <cusip>482480100</cusip>
        <identifiers>
          <isin value="US4824801009"/>
          <ticker value="KLAC"/>
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        <balance>24990</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7539732.9</valUSD>
        <pctVal>2.3820211016</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>KIMBERLY-CLARK CORP</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
        <title>KIMBERLY-CLARK CORP</title>
        <cusip>494368103</cusip>
        <identifiers>
          <isin value="US4943681035"/>
          <ticker value="KMB"/>
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        <balance>11495</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1261806.15</valUSD>
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        <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>LOCKHEED MARTIN CORP</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>LOCKHEED MARTIN CORP</title>
        <cusip>539830109</cusip>
        <identifiers>
          <isin value="US5398301094"/>
          <ticker value="LMT"/>
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        <balance>4946</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2519789.16</valUSD>
        <pctVal>0.7960747457</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>PRINCIPAL FINL. GRP. INC</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>PRINCIPAL FINL. GRP. INC</title>
        <cusip>74251V102</cusip>
        <identifiers>
          <isin value="US74251V1026"/>
          <ticker value="PFG"/>
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        <balance>10751</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1158742.78</valUSD>
        <pctVal>0.3660805747</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>HOST HOTELS &amp; RESORTS INC</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>HOST HOTELS &amp; RESORTS INC</title>
        <cusip>44107P104</cusip>
        <identifiers>
          <isin value="US44107P1049"/>
          <ticker value="HST"/>
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        <balance>20614</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488757.94</valUSD>
        <pctVal>0.1544128608</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>MICROSOFT CORP COM</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>MICROSOFT CORP COM</title>
        <cusip>594918104</cusip>
        <identifiers>
          <isin value="US5949181045"/>
          <ticker value="MSFT"/>
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        <balance>32571</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12149634.42</valUSD>
        <pctVal>3.8384231841</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>PRUDENTIAL FINL. INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINL. INC</title>
        <cusip>744320102</cusip>
        <identifiers>
          <isin value="US7443201022"/>
          <ticker value="PRU"/>
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        <balance>16408</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1770915.44</valUSD>
        <pctVal>0.5594837381</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>PEGASYSTEMS INC</name>
        <lei>549300FMCOKPL06FYN26</lei>
        <title>PEGASYSTEMS INC</title>
        <cusip>705573103</cusip>
        <identifiers>
          <isin value="US7055731035"/>
          <ticker value="PEGA"/>
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        <balance>14512</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>434924.64</valUSD>
        <pctVal>0.1374053543</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>NEWMONT CORP</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>NEWMONT CORP</title>
        <cusip>651639106</cusip>
        <identifiers>
          <isin value="US6516391066"/>
          <ticker value="NEM"/>
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        <balance>11377</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1062611.8</valUSD>
        <pctVal>0.3357099998</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>PAYCHEX INC</name>
        <lei>529900K900DW6SUBM174</lei>
        <title>PAYCHEX INC</title>
        <cusip>704326107</cusip>
        <identifiers>
          <isin value="US7043261079"/>
          <ticker value="PAYX"/>
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        <balance>4846</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>476507.18</valUSD>
        <pctVal>0.1505424891</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>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC</title>
        <cusip>713448108</cusip>
        <identifiers>
          <isin value="US7134481081"/>
          <ticker value="PEP"/>
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        <balance>1981</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>268227.4</valUSD>
        <pctVal>0.0847408436</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>QUALCOMM INC</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM INC</title>
        <cusip>747525103</cusip>
        <identifiers>
          <isin value="US7475251036"/>
          <ticker value="QCOM"/>
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        <balance>19250</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3557207.5</valUSD>
        <pctVal>1.1238253981</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>ROCKWELL AUTOMATION INC</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
        <title>ROCKWELL AUTOMATION INC</title>
        <cusip>773903109</cusip>
        <identifiers>
          <isin value="US7739031091"/>
          <ticker value="ROK"/>
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        <balance>3621</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1792684.68</valUSD>
        <pctVal>0.5663612747</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>HONEYWELL AEROSPACE INC</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>HONEYWELL AEROSPACE INC</title>
        <cusip>43849R105</cusip>
        <identifiers>
          <isin value="US43849R1059"/>
          <ticker value="HONA"/>
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        <balance>1058</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233902.64</valUSD>
        <pctVal>0.0738966528</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>HONEYWELL INTL. INC</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTL. INC</title>
        <cusip>438516205</cusip>
        <identifiers>
          <isin value="US4385162056"/>
          <ticker value="HONIV"/>
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        <balance>1058</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236886.2</valUSD>
        <pctVal>0.0748392462</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>GENERAL ELECTRIC CO</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GENERAL ELECTRIC CO</title>
        <cusip>369604301</cusip>
        <identifiers>
          <isin value="US3696043013"/>
          <ticker value="GE"/>
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        <balance>4699</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <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>
      <invstOrSec>
        <name>OTIS WORLDWIDE CORP</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>OTIS WORLDWIDE CORP</title>
        <cusip>68902V107</cusip>
        <identifiers>
          <isin value="US68902V1070"/>
          <ticker value="OTIS"/>
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        <balance>7762</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>555759.2</valUSD>
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        <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>LAM RESEARCH CORP</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LAM RESEARCH CORP</title>
        <cusip>512807306</cusip>
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          <isin value="US5128073062"/>
          <ticker value="LRCX"/>
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        <balance>19467</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8435635.11</valUSD>
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        <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>
      <invstOrSec>
        <name>MILLROSE PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>MILLROSE PROPERTIES INC</title>
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          <isin value="US6011371027"/>
          <ticker value="MRP"/>
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        <curCd>USD</curCd>
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        <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>EQUITABLE HLDGS. INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQUITABLE HLDGS. INC</title>
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          <isin value="US29452E1010"/>
          <ticker value="EQH"/>
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        <balance>9207</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GE VERNOVA INC</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE VERNOVA INC</title>
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          <isin value="US36828A1016"/>
          <ticker value="GEV"/>
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        <curCd>USD</curCd>
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        <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>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC</title>
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          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERNATIONAL BUSINESS MA</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>INTERNATIONAL BUSINESS MA</title>
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          <isin value="US4592001014"/>
          <ticker value="IBM"/>
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        <balance>5336</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMGEN INC</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC</title>
        <cusip>031162100</cusip>
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          <isin value="US0311621009"/>
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        <curCd>USD</curCd>
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        <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>ANALOG DEVICES INC</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC</title>
        <cusip>032654105</cusip>
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          <isin value="US0326541051"/>
          <ticker value="ADI"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALERO ENERGY CORP</name>
        <lei>549300XTO5VR8SKV1V74</lei>
        <title>VALERO ENERGY CORP</title>
        <cusip>91913Y100</cusip>
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          <isin value="US91913Y1001"/>
          <ticker value="VLO"/>
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        <balance>8015</balance>
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        <curCd>USD</curCd>
        <valUSD>2087426.6</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMEGA HEALTHCARE INVSTRS.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OMEGA HEALTHCARE INVSTRS.</title>
        <cusip>681936100</cusip>
        <identifiers>
          <isin value="US6819361006"/>
          <ticker value="OHI"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
          <ticker value="AAPL"/>
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        <curCd>USD</curCd>
        <valUSD>24818696.56</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLIED MATS. INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATS. INC</title>
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          <isin value="US0382221051"/>
          <ticker value="AMAT"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VERIZON COMMS. INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMS. INC</title>
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          <ticker value="VZ"/>
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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>FIRSTENERGY CORP</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FIRSTENERGY CORP</title>
        <cusip>337932107</cusip>
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          <isin value="US3379321074"/>
          <ticker value="FE"/>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>H&amp;R BLOCK INC</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R BLOCK INC</title>
        <cusip>093671105</cusip>
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          <isin value="US0936711052"/>
          <ticker value="HRB"/>
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        <balance>27334</balance>
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        <curCd>USD</curCd>
        <valUSD>1040878.72</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROBERT HALF INC</name>
        <lei>529900VPCUY9H3HLIC08</lei>
        <title>ROBERT HALF INC</title>
        <cusip>770323103</cusip>
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          <isin value="US7703231032"/>
          <ticker value="RHI"/>
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        <balance>35068</balance>
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        <curCd>USD</curCd>
        <valUSD>1076587.6</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CULLEN/FROST BANKERS INC</name>
        <lei>529900V2E9G9AY665O34</lei>
        <title>CULLEN/FROST BANKERS INC</title>
        <cusip>229899109</cusip>
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          <ticker value="CFR"/>
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        <balance>6360</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>EBAY INC</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>EBAY INC</title>
        <cusip>278642103</cusip>
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          <isin value="US2786421030"/>
          <ticker value="EBAY"/>
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        <balance>11768</balance>
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        <curCd>USD</curCd>
        <valUSD>1315074</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP</title>
        <cusip>060505104</cusip>
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          <ticker value="BAC"/>
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        <balance>5806</balance>
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        <curCd>USD</curCd>
        <valUSD>330825.88</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FIFTH THIRD BANCORP</title>
        <cusip>316773100</cusip>
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          <isin value="US3167731005"/>
          <ticker value="FITB"/>
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        <balance>18714</balance>
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        <curCd>USD</curCd>
        <valUSD>1054908.18</valUSD>
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        <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>HIGHWOODS PROPS. INC</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>HIGHWOODS PROPS. INC</title>
        <cusip>431284108</cusip>
        <identifiers>
          <isin value="US4312841087"/>
          <ticker value="HIW"/>
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        <balance>38550</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1162668</valUSD>
        <pctVal>0.3673206660</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>ILLINOIS TOOL WORKS INC</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>ILLINOIS TOOL WORKS INC</title>
        <cusip>452308109</cusip>
        <identifiers>
          <isin value="US4523081093"/>
          <ticker value="ITW"/>
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        <balance>6186</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1673127.42</valUSD>
        <pctVal>0.5285896560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO COM NPV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YUM! BRANDS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SKYWORKS SOLS. INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCOTTS MIRACLE-GRO CO/THE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SOUTHERN CO/THE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PUBLIC STORAGE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALTRIA GRP. INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>META PLATFORMS INC CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ANTERO MIDSTREAM CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ABBVIE INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED STATES TSY. 0.00%</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ADVANCED MICRO DEVICES IN</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CONSOLIDATED EDISON INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MDU RES. GRP. INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NI US GOV T PORTFOLIO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OLD DOMINION FREIGHT LINE</name>
        <lei>5299009TWK32WE417T96</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OLD REPUBLIC INTL. CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UGI CORP</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>UNION PACIFIC CORP</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>UNION PACIFIC CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITEDHEALTH GRP. INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GRP. INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>VAIL RESORTS INC</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>VAIL RESORTS INC</title>
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          <ticker value="MTN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MERCK &amp; CO INC</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>MERCK &amp; CO INC</title>
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          <ticker value="MRK"/>
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        <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>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP</title>
        <cusip>26441C204</cusip>
        <identifiers>
          <isin value="US26441C2044"/>
          <ticker value="DUK"/>
        </identifiers>
        <balance>18891</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2391222.78</valUSD>
        <pctVal>0.7554568837</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>GEN DIGITAL INC</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
        <title>GEN DIGITAL INC</title>
        <cusip>668771108</cusip>
        <identifiers>
          <isin value="US6687711084"/>
          <ticker value="GEN"/>
        </identifiers>
        <balance>45131</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1123310.59</valUSD>
        <pctVal>0.3548865145</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>International Monetary Market</name>
        <lei>N/A</lei>
        <title>FUT. CME MICRO S&amp;P SEP26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="HWAU6"/>
          <other otherDesc="NT_ID" value="9N3BM7U"/>
        </identifiers>
        <balance>56</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2113510</valUSD>
        <pctVal>0.6677193324</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>International Monetary Market</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Standard and Poor's 500 Index</indexName>
                <indexIdentifier>SPX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-09-18</expDate>
            <notionalAmt>2113510</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14890.42</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. ALPHAB C 420 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. ALPHAB C 420 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="GOOGL 260717C00420000"/>
          <other otherDesc="NT_ID" value="9N8SF0U"/>
        </identifiers>
        <balance>-505</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8080</valUSD>
        <pctVal>-0.0025527072</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ALPHABET INC</issuerName>
                <issueTitle>ALPHABET INC</issueTitle>
                <identifiers>
                  <cusip value="02079K305"/>
                  <ticker value="GOOGL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>420.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>7040</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. AMAZON C 280 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. AMAZON C 280 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="AMZN 260717C00280000"/>
          <other otherDesc="NT_ID" value="9N94GHU"/>
        </identifiers>
        <balance>-353</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7766</valUSD>
        <pctVal>-0.0024535055</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>AMAZON.COM INC</issuerName>
                <issueTitle>AMAZON.COM INC</issueTitle>
                <identifiers>
                  <cusip value="023135106"/>
                  <ticker value="AMZN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>280.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1059</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. APPLE C 340 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. APPLE C 340 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="AAPL 260717C00340000"/>
          <other otherDesc="NT_ID" value="9N9HEMU"/>
        </identifiers>
        <balance>-401</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2005</valUSD>
        <pctVal>-0.0006334379</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>APPLE INC</issuerName>
                <issueTitle>APPLE INC</issueTitle>
                <identifiers>
                  <cusip value="037833100"/>
                  <ticker value="AAPL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>340.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3609</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. APPLE C 350 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. APPLE C 350 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="AAPL 260717C00350000"/>
          <other otherDesc="NT_ID" value="9N9DZ9U"/>
        </identifiers>
        <balance>-27</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-81</valUSD>
        <pctVal>-0.0000255903</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>APPLE INC</issuerName>
                <issueTitle>APPLE INC</issueTitle>
                <identifiers>
                  <cusip value="037833100"/>
                  <ticker value="AAPL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>350.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>162</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. META P C 750 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. META P C 750 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="META 260717C00750000"/>
          <other otherDesc="NT_ID" value="9N94GPU"/>
        </identifiers>
        <balance>-64</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1024</valUSD>
        <pctVal>-0.0003235114</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>META PLATFORMS INC CL A</issuerName>
                <issueTitle>META PLATFORMS INC CL A</issueTitle>
                <identifiers>
                  <cusip value="30303M102"/>
                  <ticker value="META"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>750.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2496</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. NVIDIA C 250 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. NVIDIA C 250 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="NVDA 260717C00250000"/>
          <other otherDesc="NT_ID" value="9N8KWTU"/>
        </identifiers>
        <balance>-1384</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12456</valUSD>
        <pctVal>-0.0039352130</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NVIDIA CORP</issuerName>
                <issueTitle>NVIDIA CORP</issueTitle>
                <identifiers>
                  <cusip value="67066G104"/>
                  <ticker value="NVDA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>250.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>18310.71</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPT. TESLA C 600 17/7/26</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>OPT. TESLA C 600 17/7/26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="TSLA 260717C00600000"/>
          <other otherDesc="NT_ID" value="9N9D34U"/>
        </identifiers>
        <balance>-68</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1700</valUSD>
        <pctVal>-0.0005370795</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Board Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TESLA INC</issuerName>
                <issueTitle>TESLA INC</issueTitle>
                <identifiers>
                  <cusip value="88160R101"/>
                  <ticker value="TSLA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>600.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-07-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1292</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Institutional Liquid Asset Portfolio</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Liquid Asset Portfolio</title>
        <cusip>665279105</cusip>
        <identifiers>
          <isin value="US6652791053"/>
        </identifiers>
        <balance>4022383</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4022383</valUSD>
        <pctVal>1.2707878796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="4022383.000000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
