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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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      <invstOrSec>
        <name>VERSANT MEDIA GROUP INC</name>
        <lei>254900D2Q5F5F229PU30</lei>
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          <isin value="US9252831030"/>
          <ticker value="VSNTV"/>
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      <invstOrSec>
        <name>WARNER BROS. DISCOVERY INC</name>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
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      <invstOrSec>
        <name>GRACO INC</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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      <invstOrSec>
        <name>ZOETIS INC</name>
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      <invstOrSec>
        <name>AMETEK INC</name>
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      <invstOrSec>
        <name>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <name>DANA INC</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN OUTDOOR BRANDS INC</name>
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        <title>AMERICAN OUTDOOR BRANDS INC COM</title>
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          <isin value="US02875D1090"/>
          <ticker value="AOUT"/>
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        <assetCat>EC</assetCat>
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        <name>BRIGHTSTAR LOTTERY PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>GENUINE PARTS COMPANY</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>GENUINE PARTS COMPANY COM</title>
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        <assetCat>EC</assetCat>
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        <name>APARTMENT INVESTMENT &amp; MANAGEMENT CO</name>
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        <title>APARTMENT INVESTMENT &amp; MANAGEMENT CO CL A</title>
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      <invstOrSec>
        <name>BRIDGEPOINT GROUP PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>JOHNSON CONTROLS INTERNATIONAL PLC</name>
        <lei>549300XQ6S1GYKGBL205</lei>
        <title>JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00</title>
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          <isin value="IE00BY7QL619"/>
          <ticker value="JCI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>CORNING INC</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>CORNING INC COM</title>
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          <ticker value="GLW"/>
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        <curCd>USD</curCd>
        <valUSD>8046045.00000000</valUSD>
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        <name>KIMBALL ELECTRONICS INC</name>
        <lei>549300COBYN2GZCBIU87</lei>
        <title>KIMBALL ELECTRONICS INC COM</title>
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          <ticker value="KE"/>
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        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
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        <assetCat>EP</assetCat>
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        <name>MADISON SQUARE GARDEN SPORTS CORP</name>
        <lei>529900BQELIZ5ZQYB788</lei>
        <title>MADISON SQUARE GARDEN SPORTS CORP CL A</title>
        <cusip>55825T103</cusip>
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          <isin value="US55825T1034"/>
          <ticker value="MSGS"/>
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        <balance>46800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18806112.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>IBERDROLA SA</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>IBERDROLA SA SPON ADR</title>
        <cusip>450737101</cusip>
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          <isin value="US4507371015"/>
          <ticker value="IBDRY"/>
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        <curCd>USD</curCd>
        <valUSD>3896100.00000000</valUSD>
        <pctVal>0.136236595789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIATRIS INC</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>VIATRIS INC COM</title>
        <cusip>92556V106</cusip>
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          <isin value="US92556V1061"/>
          <ticker value="VTRS"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365240.00000000</valUSD>
        <pctVal>0.012771503361</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>LOWE'S COMPANIES INC</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>LOWE'S COMPANIES INC COM</title>
        <cusip>548661107</cusip>
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          <isin value="US5486611073"/>
          <ticker value="LOW"/>
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        <balance>16000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3527840.00000000</valUSD>
        <pctVal>0.123359490795</pctVal>
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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>
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        <name>TRATON SE</name>
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        <name>BECTON DICKINSON &amp; COMPANY</name>
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        <name>SOLSTICE ADVANCED MATERIALS INC</name>
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        <name>PHILLIPS 66</name>
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        <name>ROGERS CORP</name>
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        <name>FLUTTER ENTERTAINMENT PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>AMCOR PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>Keweenaw Land Association Ltd</name>
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        <name>DAVIDE CAMPARI - MILANO NV</name>
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        <name>BIO-RAD LABORATORIES INC</name>
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        <name>MODINE MANUFACTURING COMPANY</name>
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        <name>PEPSICO INC</name>
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        <name>AXALTA COATING SYSTEMS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>HCA HEALTHCARE INC</name>
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        <name>LABCORP HOLDINGS INC</name>
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        <title>LABCORP HOLDINGS INC COM SHS</title>
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        <name>PROXIMUS SA</name>
        <lei>549300CWRXC5EP004533</lei>
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        <name>MCCORMICK &amp; CO. INC</name>
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      <invstOrSec>
        <name>INGLES MARKETS INC</name>
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      <invstOrSec>
        <name>NATHAN'S FAMOUS INC</name>
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      <invstOrSec>
        <name>TWIN DISC INC</name>
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      <invstOrSec>
        <name>LANDIS+GYR GROUP AG</name>
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          <isin value="CH0371153492"/>
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      <invstOrSec>
        <name>BELL CANADA ENTERPRISES INC</name>
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        <name>GEN DIGITAL INC</name>
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        <name>LEAR CORP</name>
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        <name>Irenic Acquisition Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <name>NVENT ELECTRIC PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>CULLEN/FROST BANKERS INC</name>
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        <name>EVOLENT HEALTH INC</name>
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        <name>J.M. SMUCKER COMPANY (THE)</name>
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        <name>LIFECORE BIOMEDICAL INC</name>
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        <title>LIFECORE BIOMEDICAL INC COM</title>
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        <name>DEMANT A/S</name>
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        <name>BRINK'S COMPANY (THE)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
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        <name>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
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        <name>DAIMLER TRUCK HOLDING AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
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        <name>WESCO INTERNATIONAL INC</name>
        <lei>529900TXOGREY3WNJ434</lei>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <title>GS V3.65 PERP U</title>
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        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
        <title>NORTHERN TRUST CORP COM</title>
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        <name>EQUINOR ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>EQUINOR ASA SPONSORED ADR</title>
        <cusip>29446M102</cusip>
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      <invstOrSec>
        <name>FISERV INC</name>
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      <invstOrSec>
        <name>UBER TECHNOLOGIES INC</name>
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        <name>LOEWS CORP</name>
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        <name>ENTERPRISE PRODUCTS PARTNERS LP</name>
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        <name>ADVANCED MICRO DEVICES INC</name>
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        <name>AGNICO EAGLE MINES LTD</name>
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        <name>TORAY INDUSTRIES INC</name>
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        <name>BOUYGUES SA</name>
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        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
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        <name>NATIONAL BEVERAGE CORP</name>
        <lei>549300O9MZIQJI8TGV17</lei>
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        <name>TRUIST FINANCIAL CORP</name>
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        <name>WASTE MANAGEMENT INC</name>
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        <name>DENA COMPANY LTD</name>
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        <name>ABM INDUSTRIES INC</name>
        <lei>QF02R89VEIOROM77J447</lei>
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        <name>SULZER AG</name>
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        <name>CRANE COMPANY</name>
        <lei>5493000CQRQOTHUODL75</lei>
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        <name>EXPAND ENERGY CORP</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
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        <name>WOODWARD INC</name>
        <lei>YPYKXXTR8TFDH54ZMB45</lei>
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        <name>TEXAS INSTRUMENTS INC</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
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          <ticker value="TXN"/>
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        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
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        <name>KYUSHU ELECTRIC POWER COMPANY INC</name>
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          <ticker value="9508"/>
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        <name>E-L FINANCIAL CORP LTD</name>
        <lei>5493008YS2NMV2UCI287</lei>
        <title>E-L FINANCIAL CORP LTD COM</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>HAWAIIAN ELECTRIC INDUSTRIES INC</name>
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        <name>Gabelli ETFs Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>JOHNSON &amp; JOHNSON</name>
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      <invstOrSec>
        <name>ADVANCE AUTO PARTS INC</name>
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      <invstOrSec>
        <name>ATLANTA BRAVES HOLDINGS INC</name>
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      <invstOrSec>
        <name>T-MOBILE US INC</name>
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        <name>RPC INC</name>
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      <invstOrSec>
        <name>HONEYWELL AEROSPACE INC</name>
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        <name>INTEGER HOLDINGS CORP</name>
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      <invstOrSec>
        <name>KOREA ELECTRIC POWER CORP</name>
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        <name>PENSKE AUTOMOTIVE GROUP INC</name>
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      <invstOrSec>
        <name>EVERTEC INC</name>
        <lei>N/A</lei>
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        <name>WEALTHFRONT CORP</name>
        <lei>254900H4LJLUHGFJYM32</lei>
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        <name>AIRBUS SE</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>AMERIPRISE FINANCIAL INC</name>
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        <name>Brookfield Wealth Solutions Lt</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>ANTERIX INC</name>
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          <ticker value="ATEX"/>
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        <name>Gabelli Equity Series Funds Inc</name>
        <lei>5493007J8TJQ0MSHWY40</lei>
        <title>The Gabelli Global Financial Services Fund</title>
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          <ticker value="GFSIX"/>
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        <issuerCat>RF</issuerCat>
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        <name>NITTO BOSEKI CO LTD</name>
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        <name>NISSIN FOOD HOLDINGS COMPANY LTD</name>
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        <name>KROGER COMPANY (THE)</name>
        <lei>6CPEOKI6OYJ13Q6O7870</lei>
        <title>KROGER COMPANY (THE) COM</title>
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        <name>GATX CORP</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX CORP COM</title>
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        <name>SYMRISE AG</name>
        <lei>529900D82I6R9601CF26</lei>
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        <invCountry>DE</invCountry>
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        <name>COHEN &amp; STEERS INC</name>
        <lei>549300XXIA338A0X2K65</lei>
        <title>COHEN &amp; STEERS INC COM</title>
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          <ticker value="CNS"/>
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        <name>KLA CORP</name>
        <lei>549300H0BF5JCG96TJ81</lei>
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        <cusip>482480100</cusip>
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        <name>STONERIDGE INC</name>
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        <name>AT&amp;T INC</name>
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        <name>FIFTH THIRD BANCORP</name>
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        <name>PERRIGO COMPANY PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>SLB LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>UGI CORP</name>
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        <name>FERRARI GROUP PLC</name>
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        <name>AUTONATION INC</name>
        <lei>N/A</lei>
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        <name>CAMPBELL'S COMPANY (THE)</name>
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        <name>SHIKOKU ELECTRIC POWER COMPANY INC</name>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>THALES SA</name>
        <lei>529900FNDVTQJOVVPZ19</lei>
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        <name>CARMAX INC</name>
        <lei>529900F60CID3NCZM330</lei>
        <title>CARMAX INC COM</title>
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          <ticker value="KMX"/>
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        <name>CHIMERA INVESTMENT CORP</name>
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          <ticker value="CIM"/>
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        <name>National Australia Bank Ltd</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>National Australia Bank Ltd</title>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>SINCLAIR INC</name>
        <lei>N/A</lei>
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        <name>AMERICAN WATER WORKS COMPANY INC</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>AMERICAN WATER WORKS COMPANY INC COM</title>
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          <ticker value="AWK"/>
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        <name>DEVON ENERGY CORP</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>DEVON ENERGY CORP COM</title>
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        <name>MKS INC</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS INC COM</title>
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          <ticker value="MKSI"/>
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        <curCd>USD</curCd>
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        <name>BLACKSTONE INC</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
        <title>BLACKSTONE INC COM</title>
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          <ticker value="BX"/>
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        <curCd>USD</curCd>
        <valUSD>7942725.00000000</valUSD>
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        <name>BLACKROCK INC</name>
        <lei>529900VBK42Y5HHRMD23</lei>
        <title>BLACKROCK INC COM</title>
        <cusip>09290D101</cusip>
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          <ticker value="BLK"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>AMC GLOBAL MEDIA INC</name>
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        <name>CHECK POINT SOFTWARE TECHNOLOGIES LTD</name>
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        <name>HSBC HOLDINGS PLC</name>
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        <name>D.R. HORTON INC</name>
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        <name>OSHKOSH CORP</name>
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        <name>ENSTAR GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>DEUTSCHE TELEKOM AG</name>
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        <name>HOME DEPOT INC (THE)</name>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <name>DUCOMMUN INC</name>
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        <name>KNIFE RIVER CORP</name>
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        <name>MTU AERO ENGINES AG</name>
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        <name>PROCTER &amp; GAMBLE COMPANY (THE)</name>
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        <name>TENET HEALTHCARE CORP</name>
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      <invstOrSec>
        <name>DEERE &amp; COMPANY</name>
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      <invstOrSec>
        <name>MICRON TECHNOLOGY INC</name>
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          <ticker value="MU"/>
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      <invstOrSec>
        <name>MERCEDES-BENZ GROUP AG</name>
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      <invstOrSec>
        <name>CANNAE HOLDINGS INC</name>
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        <title>CANNAE HOLDINGS INC COM</title>
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      <invstOrSec>
        <name>FREEPORT-MCMORAN INC</name>
        <lei>549300IRDTHJQ1PVET45</lei>
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          <ticker value="FCX"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CINEMARK HOLDINGS INC</name>
        <lei>549300LL2QMPTYIE0K55</lei>
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          <ticker value="CNK"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TREX COMPANY INC</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
        <lei>254900PSJL6ZEC8FR782</lei>
        <title>NORTHWEST NATURAL HOLDING COMPANY COM</title>
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          <ticker value="NWN"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENSTAR GROUP LTD</name>
        <lei>213800AMAL5QFXVUCN04</lei>
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        <cusip>29359U109</cusip>
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          <ticker value="ESGR"/>
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        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>STANDARDAERO INC</name>
        <lei>N/A</lei>
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        <cusip>85423L103</cusip>
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          <ticker value="SARO"/>
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        <curCd>USD</curCd>
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        <name>NEWMONT CORP</name>
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        <name>TENNANT COMPANY</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>TENNANT COMPANY COM</title>
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        <name>MUELLER INDUSTRIES INC</name>
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          <ticker value="MLI"/>
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        <name>PALANTIR TECHNOLOGIES INC</name>
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        <title>PALANTIR TECHNOLOGIES INC CL A</title>
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        <name>DELL TECHNOLOGIES INC</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>DELL TECHNOLOGIES INC CL C</title>
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        <name>GRUPO TELEVISA SAB</name>
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        <title>GRUPO TELEVISA SAB SPON ADR REP ORD</title>
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        <name>COREWEAVE INC</name>
        <lei>984500511DP2B6186053</lei>
        <title>COREWEAVE INC COM CL A</title>
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          <ticker value="CRWV"/>
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        <name>WEYERHAEUSER COMPANY</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>WEYERHAEUSER COMPANY COM NEW</title>
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        <name>SENIOR PLC</name>
        <lei>5493002HQHWN5JQHKQ51</lei>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>RESIDEO TECHNOLOGIES INC</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>RESIDEO TECHNOLOGIES INC COM</title>
        <cusip>76118Y104</cusip>
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          <ticker value="REZI"/>
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        <valUSD>3358800.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>LEIDOS HOLDINGS INC</name>
        <lei>549300IUTGTP6EJP8124</lei>
        <title>LEIDOS HOLDINGS INC COM</title>
        <cusip>525327102</cusip>
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          <isin value="US5253271028"/>
          <ticker value="LDOS"/>
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        <curCd>USD</curCd>
        <valUSD>1029700.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>WESTWOOD HOLDINGS GROUP INC</name>
        <lei>N/A</lei>
        <title>WESTWOOD HOLDINGS GROUP INC COM</title>
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          <ticker value="WHG"/>
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        <name>TOHOKU ELECTRIC POWER COMPANY INC</name>
        <lei>353800KTF7EYIIYHY088</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3605400005"/>
          <ticker value="9506"/>
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      <invstOrSec>
        <name>M&amp;T BANK CORP</name>
        <lei>549300WYXDDBYRASEG81</lei>
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          <isin value="US55261F1049"/>
          <ticker value="MTB"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD SPONSORED ADS</title>
        <cusip>874039100</cusip>
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          <isin value="US8740391003"/>
          <ticker value="TSM"/>
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        <valUSD>5205513.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <name>ALPHABET INC</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC CAP STK CL A</title>
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          <isin value="US02079K3059"/>
          <ticker value="GOOGL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>LITHIA MOTORS INC</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LITHIA MOTORS INC COM</title>
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          <isin value="US5367971034"/>
          <ticker value="LAD"/>
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        <balance>350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101671.50000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HALEON PLC</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>HALEON PLC ORD GBP0.01</title>
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          <isin value="GB00BMX86B70"/>
          <ticker value="HLN"/>
          <other otherDesc="SEDOL" value="BMX86B7"/>
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        <pctVal>0.004031802830</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HERC HOLDINGS INC COM</title>
        <cusip>42704L104</cusip>
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          <isin value="US42704L1044"/>
          <ticker value="HRI"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN STATES WATER COMPANY</name>
        <lei>529900L26LIS2V8PWM23</lei>
        <title>AMERICAN STATES WATER COMPANY COM</title>
        <cusip>029899101</cusip>
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          <isin value="US0298991011"/>
          <ticker value="AWR"/>
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        <curCd>USD</curCd>
        <valUSD>908930.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF EAST ASIA LTD (THE)</name>
        <lei>CO6GC26LCGGRTUESIP55</lei>
        <title>BANK OF EAST ASIA LTD (THE) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0023000190"/>
          <ticker value="23"/>
          <other otherDesc="SEDOL" value="6075648"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KIKKOMAN CORP</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>KIKKOMAN CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3240400006"/>
          <ticker value="2801"/>
          <other otherDesc="SEDOL" value="6490809"/>
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        <balance>1575000.00000000</balance>
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        <pctVal>0.564980041180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPASS DIVERSIFIED HOLDINGS</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>COMPASS DIVERSIFIED HOLDINGS 7.875% EACH SERIES C CUMULATIVE PREFERRED SHARE REPRESENTS ONE CORRESPONDING BENEFICIAL INTEREST</title>
        <cusip>20451Q401</cusip>
        <identifiers>
          <isin value="US20451Q4010"/>
          <ticker value="CODI"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440800.00000000</valUSD>
        <pctVal>0.015413642212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>SEVERN TRENT PLC</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>SEVERN TRENT PLC ORD GBP0.9789</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B1FH8J72"/>
          <ticker value="SVT"/>
          <other otherDesc="SEDOL" value="B1FH8J7"/>
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        <pctVal>0.046616312815</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MANCHESTER UNITED PLC</name>
        <lei>529900GWGZPE83MJOV59</lei>
        <title>MANCHESTER UNITED PLC COM USD0.0005 CL 'A'</title>
        <cusip>000000000</cusip>
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          <isin value="KYG5784H1065"/>
          <ticker value="MANU"/>
          <other otherDesc="SEDOL" value="B8Q8MV8"/>
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        <balance>8000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>183440.00000000</valUSD>
        <pctVal>0.006414424971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BELLRING BRANDS INC</name>
        <lei>549300S3BOK5CMTS8054</lei>
        <title>BELLRING BRANDS INC COMMON STOCK</title>
        <cusip>07831C103</cusip>
        <identifiers>
          <isin value="US07831C1036"/>
          <ticker value="BRBR"/>
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        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2588000.00000000</valUSD>
        <pctVal>0.090495703370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERPAC TOOL GROUP CORP</name>
        <lei>IZW37BPZKUJE1QXGB081</lei>
        <title>ENERPAC TOOL GROUP CORP CL A COM</title>
        <cusip>292765104</cusip>
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          <isin value="US2927651040"/>
          <ticker value="EPAC"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>717200.00000000</valUSD>
        <pctVal>0.025078639280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ITO EN LTD</name>
        <lei>N/A</lei>
        <title>ITO EN LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3143000002"/>
          <ticker value="2593"/>
          <other otherDesc="SEDOL" value="6455789"/>
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        <units>NS</units>
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        <pctVal>0.164474548123</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HP INC</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP INC COM</title>
        <cusip>40434L105</cusip>
        <identifiers>
          <isin value="US40434L1052"/>
          <ticker value="HPQ"/>
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        <balance>5000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109700.00000000</valUSD>
        <pctVal>0.003835926839</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>PHILIP MORRIS INTERNATIONAL INC</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTERNATIONAL INC COM</title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
          <ticker value="PM"/>
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        <balance>228000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41247480.00000000</valUSD>
        <pctVal>1.442318282405</pctVal>
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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>
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        <name>COMPAGNIE DE SAINT-GOBAIN SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>COMPAGNIE DE SAINT-GOBAIN SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="SGO"/>
          <other otherDesc="SEDOL" value="7380482"/>
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        <balance>1500.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87519692"/>
        <valUSD>135672.32000000</valUSD>
        <pctVal>0.004744112065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>H2O AMERICA</name>
        <lei>N/A</lei>
        <title>H2O AMERICA COM</title>
        <cusip>784305104</cusip>
        <identifiers>
          <isin value="US7843051043"/>
          <ticker value="HTO"/>
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        <balance>22000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1336940.00000000</valUSD>
        <pctVal>0.046749353038</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>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>ARBOR REALTY TRUST INC 6.25% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
        <cusip>038923868</cusip>
        <identifiers>
          <isin value="US0389238686"/>
          <ticker value="ABR"/>
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        <balance>28064.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>444814.40000000</valUSD>
        <pctVal>0.015554015454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 10/29/26</title>
        <cusip>912797SK4</cusip>
        <identifiers>
          <isin value="US912797SK41"/>
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        <balance>12650000.00000000</balance>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
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      <invstOrSec>
        <name>WOODSIDE ENERGY GROUP LTD</name>
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      <invstOrSec>
        <name>BOYD GAMING CORP</name>
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        <name>NATWEST GROUP PLC</name>
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        <name>APTIV PLC</name>
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        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>NATIONAL FUEL GAS COMPANY</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
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        <name>MESA LABORATORIES INC</name>
        <lei>549300ZCG738WLX8ZW79</lei>
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        <name>MGE ENERGY INC</name>
        <lei>549300BYWGHSXX2TEO67</lei>
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          <ticker value="MGEE"/>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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          <ticker value="JPM"/>
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        <name>ANALOG DEVICES INC</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>ANALOG DEVICES INC COM</title>
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          <ticker value="ADI"/>
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        <curCd>USD</curCd>
        <valUSD>675189.00000000</valUSD>
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        <name>GENERAL DYNAMICS CORP</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP COM</title>
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          <isin value="US3695501086"/>
          <ticker value="GD"/>
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        <valUSD>1948320.00000000</valUSD>
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        <name>PACCAR INC</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <name>REMY COINTREAU SA</name>
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        <name>MARATHON PETROLEUM CORP</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
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        <name>GRAHAM HOLDINGS CO</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>GRAHAM HOLDINGS CO COM CL B</title>
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          <ticker value="GHC"/>
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        <name>KEURIG DR PEPPER INC</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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          <ticker value="KDP"/>
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        <name>LIBERTY LATIN AMERICA LTD</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>LIBERTY LATIN AMERICA LTD 9.0% CUM PERP RED SER A PREF SHS</title>
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          <ticker value="LILAK"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>FIDELITY NATIONAL FINANCIAL INC</name>
        <lei>549300CAZYIH39SYQ287</lei>
        <title>FIDELITY NATIONAL FINANCIAL INC COM SHS</title>
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          <ticker value="FNF"/>
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        <name>VEON LTD</name>
        <lei>5493008CA3NMHYEVT131</lei>
        <title>VEON LTD SPONSORED ADS</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>WALGREENS BOOTS ALLIANCE INC</name>
        <lei>549300RPTUOIXG4LIH86</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>COMPASS DIVERSIFIED HOLDINGS</name>
        <lei>5299001SM1LBYANJRR58</lei>
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          <ticker value="CODI"/>
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        <valUSD>1422568.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WASTE CONNECTIONS INC</name>
        <lei>549300HDLRTPBQU69P29</lei>
        <title>WASTE CONNECTIONS INC COM</title>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>TIPTREE INC</name>
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      <invstOrSec>
        <name>NESTLE' SA/AG</name>
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      <invstOrSec>
        <name>DSM FIRMENICH AG</name>
        <lei>506700G44V67MPM4BI12</lei>
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          <isin value="CH1216478797"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Altaba Inc Escrow</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIMPLY GOOD FOODS COMPANY (THE)</name>
        <lei>N/A</lei>
        <title>SIMPLY GOOD FOODS COMPANY (THE) COM</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>SPHERE ENTERTAINMENT COMPANY</name>
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        <title>SPHERE ENTERTAINMENT COMPANY CL A</title>
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      <invstOrSec>
        <name>HEICO CORP</name>
        <lei>529900O1DTDLCJ7L0I14</lei>
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      <invstOrSec>
        <name>YORK WATER COMPANY (THE)</name>
        <lei>N/A</lei>
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        <name>CROWDSTRIKE HOLDINGS INC</name>
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        <title>CROWDSTRIKE HOLDINGS INC CL A</title>
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      <invstOrSec>
        <name>ALBANY INTERNATIONAL CORP</name>
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        <title>ALBANY INTERNATIONAL CORP CL A</title>
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        <name>CONOCOPHILLIPS</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>CONOCOPHILLIPS COM</title>
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          <ticker value="COP"/>
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        <name>3D SYSTEMS CORP</name>
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        <name>GENERAL MILLS INC</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>GENERAL MILLS INC COM</title>
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          <ticker value="GIS"/>
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        <name>TELEKOM AUSTRIA AG</name>
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        <name>KRAFT HEINZ COMPANY (THE)</name>
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        <name>COLUMBIA BANKING SYSTEM INC</name>
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        <name>Gabelli ETFs Trust</name>
        <lei>254900GVYNJR8YXKW882</lei>
        <title>Keeley Dividend ETF</title>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 10/01/26</title>
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        <name>CISCO SYSTEMS INC</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>CISCO SYSTEMS INC COM</title>
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        <name>ITOCHU CORP</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
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        <name>COGECO INC</name>
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      <invstOrSec>
        <name>SOUTHSTATE BANK CORP</name>
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        <title>SOUTHSTATE BANK CORP COM</title>
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        <name>EVERGY INC</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>EVERGY INC COM</title>
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      <invstOrSec>
        <name>LIBERTY LATIN AMERICA LTD</name>
        <lei>213800YWQHEAX7CAVO83</lei>
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          <isin value="BMG9001E1286"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>KINNEVIK AB</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0022060521"/>
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      <invstOrSec>
        <name>BOEING COMPANY (THE)</name>
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        <assetCat>EP</assetCat>
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      <invstOrSec>
        <name>INNOVATIVE SOLUTIONS AND SUPPORT INC</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
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        <title>ALLY FINANCIAL INC COM</title>
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          <isin value="US02005N1000"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>FORTREA HOLDINGS INC</name>
        <lei>5493000FIVFABOVCDU97</lei>
        <title>FORTREA HOLDINGS INC COMMON STOCK</title>
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        <assetCat>EC</assetCat>
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        <name>VERTEX PHARMACEUTICALS INC</name>
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        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC COM</title>
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          <isin value="US65473P1057"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DONALDSON COMPANY INC</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
        <title>DONALDSON COMPANY INC COM</title>
        <cusip>257651109</cusip>
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          <ticker value="DCI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BASSETT FURNITURE INDUSTRIES INC</name>
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          <isin value="US0702031040"/>
          <ticker value="BSET"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EATON CORP PLC</name>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>HERA - HOLDING ENERGIA RISORSE AMBIENTE SPA</name>
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        <title>HERA - HOLDING ENERGIA RISORSE AMBIENTE SPA EUR1</title>
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        <name>ESSENTIAL UTILITIES INC</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>ESSENTIAL UTILITIES INC COM</title>
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          <ticker value="WTRG"/>
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        <name>RENTOKIL INITIAL PLC</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>RENTOKIL INITIAL PLC SPONSORED ADR</title>
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          <ticker value="RTO"/>
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        <name>MAGNUM ICE CREAM COMPANY NV (THE)</name>
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        <name>TAMBORAN RESOURCES CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>AVIO SPA</name>
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        <name>PHENIXFIN CORP</name>
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        <title>PhenixFIN Corp</title>
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        <name>SONY GROUP CORP</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP SPONSORED ADR</title>
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        <name>CNH INDUSTRIAL NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH INDUSTRIAL NV COM EUR0.01</title>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>N-ABLE INC</name>
        <lei>N/A</lei>
        <title>N-ABLE INC COMMON STOCK</title>
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        <name>INVESCO LTD</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>INVESCO LTD COM STK USD0.20</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>COMPASS DIVERSIFIED HOLDINGS</name>
        <lei>5299001SM1LBYANJRR58</lei>
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        <cusip>20451Q302</cusip>
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          <isin value="US20451Q3020"/>
          <ticker value="CODI"/>
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        <valUSD>2037822.15000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PENN ENTERTAINMENT INC</name>
        <lei>N/A</lei>
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        <cusip>707569109</cusip>
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          <isin value="US7075691094"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAE INC</name>
        <lei>549300FFM2BEH2GF1E44</lei>
        <title>CAE INC COM</title>
        <cusip>124765108</cusip>
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          <isin value="CA1247651088"/>
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        <curCd>USD</curCd>
        <valUSD>140336.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELEPHONE &amp; DATA SYSTEMS INC</name>
        <lei>5299003YZW5BE2NNLO37</lei>
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          <isin value="US8794338298"/>
          <ticker value="TDS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AJINOMOTO (JAPAN) COMPANY INC</name>
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          <isin value="JP3119600009"/>
          <ticker value="2802"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENDEAVOUR MINING PLC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASTRONICS CORP</name>
        <lei>549300NNXCF8H4MSMK17</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHUBU ELECTRIC POWER CO INC</name>
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          <isin value="JP3526600006"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JARDINE MATHESON HOLDINGS LTD</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>BROOKFIELD ASSET MANAGEMENT LTD</name>
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        <title>BROOKFIELD ASSET MANAGEMENT LTD CL A LMT VTG SHS</title>
        <cusip>113004105</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>GE VERNOVA INC</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE VERNOVA INC COM</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CAESARS ENTERTAINMENT INC</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>CAESARS ENTERTAINMENT INC COM</title>
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          <ticker value="CZR"/>
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        <name>HENRY SCHEIN INC</name>
        <lei>VGO3WGL8H45T73F4RR92</lei>
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        <name>FASTLY INC</name>
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        <curCd>USD</curCd>
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        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>CREDIT AGRICOLE SA EUR3</title>
        <cusip>000000000</cusip>
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          <ticker value="ACA"/>
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        <invCountry>FR</invCountry>
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        <name>ASHLAND INC</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>ASHLAND INC COM</title>
        <cusip>044186104</cusip>
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          <ticker value="ASH"/>
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        <balance>20000.00000000</balance>
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        <name>BARRICK MINING CORP</name>
        <lei>0O4KBQCJZX82UKGCBV73</lei>
        <title>BARRICK MINING CORP COM SHS</title>
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          <ticker value="B"/>
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      <invstOrSec>
        <name>BOEING COMPANY (THE)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING COMPANY (THE) COM</title>
        <cusip>097023105</cusip>
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          <ticker value="BA"/>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TRAVEL PLUS LEISURE COMPANY COM</title>
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          <ticker value="TNL"/>
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        <balance>7000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535010.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <name>HEARTLAND EXPRESS INC</name>
        <lei>5299005V45FZIQGLOG39</lei>
        <title>HEARTLAND EXPRESS INC COM</title>
        <cusip>422347104</cusip>
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          <ticker value="HTLD"/>
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        <balance>9100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138502.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>RIGAKU HOLDINGS CORP</name>
        <lei>529900Y0KH94TFOLAZ47</lei>
        <title>RIGAKU HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3969750003"/>
          <ticker value="268A"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>SIKA AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>SIKA AG CHF0.01 (REG)</title>
        <cusip>000000000</cusip>
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          <ticker value="SIKA"/>
          <other otherDesc="SEDOL" value="BF2DSG3"/>
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        <balance>11000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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        <name>PETROLEO BRASILEIRO SA</name>
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        <name>INTERNATIONAL PAPER COMPANY</name>
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        <name>LIBERTY LATIN AMERICA LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>ENTEGRIS INC</name>
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      <invstOrSec>
        <name>ICU MEDICAL INC</name>
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      <invstOrSec>
        <name>Orange SA</name>
        <lei>969500MCOONR8990S771</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>CALIFORNIA WATER SERVICE GROUP</name>
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        <name>ARRAY DIGITAL INFRASTRUCTURE INC</name>
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        <name>OCEANEERING INTERNATIONAL INC</name>
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        <name>Gabelli ETFs Trust</name>
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        <name>GE AEROSPACE</name>
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        <name>PERNOD RICARD SA</name>
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        <name>FLUOR CORP</name>
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        <name>NAVIENT CORP</name>
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        <name>APA CORP</name>
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        <name>MUELLER WATER PRODUCTS INC</name>
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        <name>ABBOTT LABORATORIES</name>
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        <name>FERGUSON ENTERPRISES INC</name>
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        <name>TELADOC HEALTH INC</name>
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        <title>TELADOC HEALTH INC COM</title>
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        <name>SEMPRA</name>
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        <name>FORTINET INC</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>FORTINET INC COM</title>
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        <name>ARCOSA INC</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC COM</title>
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          <ticker value="ACA"/>
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        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC COM</title>
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        <name>THERMO FISHER SCIENTIFIC INC</name>
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        <name>CACTUS INC</name>
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        <name>UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT</name>
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        <name>GARMIN LTD</name>
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        <name>DIAGEO PLC</name>
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        <name>WALMART INC</name>
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        <name>FRANKLIN ELECTRIC CO INC</name>
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        <name>FOX CORP</name>
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        <name>UNIVERSAL MUSIC GROUP NV</name>
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        <name>FOX CORP</name>
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        <name>HOKKAIDO ELECTRIC POWER CO INC</name>
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        <valUSD>2236097.50000000</valUSD>
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        <debtSec>
          <maturityDt>2026-12-10</maturityDt>
          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC SPONSORED ADR</title>
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        <valUSD>1712637.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ST. JOE COMPANY (THE)</name>
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        <valUSD>156575.00000000</valUSD>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCKET COMPANIES INC</name>
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        <title>ROCKET COMPANIES INC COM CL A</title>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>TRAVELERS COMPANIES INC (THE)</name>
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          <ticker value="TRV"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXSTAR MEDIA GROUP INC</name>
        <lei>52990083ZRR5UT591988</lei>
        <title>NEXSTAR MEDIA GROUP INC COMMON STOCK</title>
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          <isin value="US65336K1034"/>
          <ticker value="NXST"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AXIS CAPITAL HOLDINGS LTD</name>
        <lei>635400VD2NQBYAHMEM55</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENCORA INC</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>CENCORA INC COM</title>
        <cusip>03073E105</cusip>
        <identifiers>
          <isin value="US03073E1055"/>
          <ticker value="COR"/>
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        <balance>4000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1131920.00000000</valUSD>
        <pctVal>0.039580330973</pctVal>
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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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Gabelli Dividend &amp; Income Trust</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
