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          <CostOrOtherBasisAmt>172679</CostOrOtherBasisAmt>
          <GainOrLossAmt>4738</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4738</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WORKDAY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>12992</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12376</CostOrOtherBasisAmt>
          <GainOrLossAmt>616</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>616</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MERCER US SML/MID CAP EQTY MF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2459553</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2095548</CostOrOtherBasisAmt>
          <GainOrLossAmt>364005</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>364005</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MPIP VII, LP - K-1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <CostOrOtherBasisAmt>3656</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3656</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3656</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOEING CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>30824</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26602</CostOrOtherBasisAmt>
          <GainOrLossAmt>4222</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4222</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CARMX 2020-1 A4</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>38444</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>42039</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3595</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3595</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FHMS K-037 A2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>195995</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>195995</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INTEL CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>30981</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31255</CostOrOtherBasisAmt>
          <GainOrLossAmt>-274</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-274</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>125997</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>123650</CostOrOtherBasisAmt>
          <GainOrLossAmt>2347</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2347</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PILGRIMS PRIDE CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>39744</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>39325</CostOrOtherBasisAmt>
          <GainOrLossAmt>419</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>419</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SONOCO PRODUCTS CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>24047</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19806</CostOrOtherBasisAmt>
          <GainOrLossAmt>4241</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4241</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED AIRLINES PASS THROUGH TRUST 2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>3340</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3340</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED STATES TREASURY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>15336</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14061</CostOrOtherBasisAmt>
          <GainOrLossAmt>1275</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1275</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED STATES TREASURY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>205424</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>205762</CostOrOtherBasisAmt>
          <GainOrLossAmt>-338</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-338</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED STATES TREASURY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>82136</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>78701</CostOrOtherBasisAmt>
          <GainOrLossAmt>3435</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3435</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MERCER NON US CORE EQUITY MF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>7474721</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6580000</CostOrOtherBasisAmt>
          <GainOrLossAmt>894721</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>894721</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MERCER US SML/MID CAP EQTY MF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>615634</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>525000</CostOrOtherBasisAmt>
          <GainOrLossAmt>90634</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>90634</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MPIP VII, LP - K-1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1168</GrossSalesPriceAmt>
          <GainOrLossAmt>1168</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1168</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>5703192</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>55124</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>122697</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>122697</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>122697</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>492504</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>492504</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>369807</OverpaymentAmt>
        <AppliedToESTaxAmt>369807</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>SEE GENERAL FOOTNOTE FOR WEBSITE ADDRESS</WebsiteAddressTxt>
        <IndividualWithBooksNm>SAUNDRA ARCHULETA</IndividualWithBooksNm>
        <PhoneNum>7702483378</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
          <CityNm>CEDAR RAPIDS</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52499</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANDREW S WILLIAMS</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MAURICE PERKINS</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SCOTT ALBERTSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF TAX OF</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHAD MEYERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TIFFANY BAKER</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURA WIRTH</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ERIC HANSEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEVEN DAVID WEINBERG</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SEAN FANNING</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C ST SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DANIEL GOODMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C ST SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>ASSISTANT SE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RYAN PATTERSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 C ST SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF EXEC.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>109903505</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>9994305</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>47942739</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>167840549</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>167840549</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>2517608</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>165322941</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>8266147</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>8266147</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>122697</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>122697</TotalTaxAmt>
        <DistributableBeforeAdjAmt>8143450</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>8143450</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>8143450</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>7532045</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>7532045</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>8143450</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>2082874</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>2141134</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>4224008</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>7532045</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>7532045</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>611405</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>611405</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>3612603</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>3612603</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>1471469</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>2141134</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GENERAL DONATIONS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6400 C STREET SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52499</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE ATTACHED</GrantOrContributionPurposeTxt>
          <Amt>7532045</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>7532045</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevenueDtl>
          <Desc>MERCER V, VI &amp; VII</Desc>
          <BusinessCd>900001</BusinessCd>
        </ProgramServiceRevenueDtl>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1179474</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2841068</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>42180</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>5703192</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MERCER PRIVATE INV V, VI &amp;</Desc>
          <BusinessCd>900001</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-146527</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-146527</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>9765914</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>9619387</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <InvestmentsCorpBondsSchedule documentId="RetDoc1">
      <InvestmentsCorporateBondsGrp>
        <BondNm>7-ELEVEN INC</BondNm>
        <EOYBookValueAmt>71166</EOYBookValueAmt>
        <EOYFMVAmt>71166</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AALLC 2021-1H A</BondNm>
        <EOYBookValueAmt>40739</EOYBookValueAmt>
        <EOYFMVAmt>40739</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ACCELERATED ASSETS 2021</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ABBVIE INC</BondNm>
        <EOYBookValueAmt>59452</EOYBookValueAmt>
        <EOYFMVAmt>59452</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ADVANCED MICRO DEVICES INC</BondNm>
        <EOYBookValueAmt>65765</EOYBookValueAmt>
        <EOYFMVAmt>65765</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AERCAP IRELAND CAPITAL DAC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AIR LEASE CORP</BondNm>
        <EOYBookValueAmt>22397</EOYBookValueAmt>
        <EOYFMVAmt>22397</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALCON FINANCE CORP</BondNm>
        <EOYBookValueAmt>215014</EOYBookValueAmt>
        <EOYFMVAmt>215014</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALLIED WORLD ASSURANCE COMPANY HOLDI</BondNm>
        <EOYBookValueAmt>91522</EOYBookValueAmt>
        <EOYFMVAmt>91522</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALLY FINANCIAL INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICA MOVIL SAB DE CV</BondNm>
        <EOYBookValueAmt>180234</EOYBookValueAmt>
        <EOYFMVAmt>180234</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN AIRLINES 2013-1 PASS THROUG</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN AIRLINES 2019-1 PASS THROUG</BondNm>
        <EOYBookValueAmt>29747</EOYBookValueAmt>
        <EOYFMVAmt>29747</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMGEN INC</BondNm>
        <EOYBookValueAmt>30999</EOYBookValueAmt>
        <EOYFMVAmt>30999</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMXCA 2022-3 A</BondNm>
        <EOYBookValueAmt>128767</EOYBookValueAmt>
        <EOYFMVAmt>128767</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ANHEUSER-BUSCH INBEV WORLDWIDE INC</BondNm>
        <EOYBookValueAmt>42345</EOYBookValueAmt>
        <EOYFMVAmt>42345</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AON CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>APPALACHIAN POWER CO</BondNm>
        <EOYBookValueAmt>59588</EOYBookValueAmt>
        <EOYFMVAmt>59588</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>APPLE INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>APTIV PLC</BondNm>
        <EOYBookValueAmt>29152</EOYBookValueAmt>
        <EOYFMVAmt>29152</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ARCELORMITTAL SA</BondNm>
        <EOYBookValueAmt>67198</EOYBookValueAmt>
        <EOYFMVAmt>67198</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ARROW ELECTRONICS INC</BondNm>
        <EOYBookValueAmt>47333</EOYBookValueAmt>
        <EOYFMVAmt>47333</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASHTEAD CAPITAL INC</BondNm>
        <EOYBookValueAmt>197890</EOYBookValueAmt>
        <EOYFMVAmt>197890</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASTRAZENECA FINANCE LLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AT&amp;T INC</BondNm>
        <EOYBookValueAmt>46015</EOYBookValueAmt>
        <EOYFMVAmt>46015</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AVIATION CAPITAL GROUP LLC</BondNm>
        <EOYBookValueAmt>123206</EOYBookValueAmt>
        <EOYFMVAmt>123206</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AVOLON HOLDINGS FUNDING LTD</BondNm>
        <EOYBookValueAmt>157971</EOYBookValueAmt>
        <EOYFMVAmt>157971</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>346401</EOYBookValueAmt>
        <EOYFMVAmt>346401</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BARCLAYS PLC</BondNm>
        <EOYBookValueAmt>206584</EOYBookValueAmt>
        <EOYFMVAmt>206584</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BAT CAPITAL CORP</BondNm>
        <EOYBookValueAmt>68009</EOYBookValueAmt>
        <EOYFMVAmt>68009</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BERKSHIRE HATHAWAY ENERGY CO</BondNm>
        <EOYBookValueAmt>103578</EOYBookValueAmt>
        <EOYFMVAmt>103578</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BLACK HILLS CORP</BondNm>
        <EOYBookValueAmt>69176</EOYBookValueAmt>
        <EOYFMVAmt>69176</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BMW US CAPITAL LLC</BondNm>
        <EOYBookValueAmt>72017</EOYBookValueAmt>
        <EOYFMVAmt>72017</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BOARDWALK PIPELINES LP</BondNm>
        <EOYBookValueAmt>26808</EOYBookValueAmt>
        <EOYFMVAmt>26808</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BOEING CO</BondNm>
        <EOYBookValueAmt>107909</EOYBookValueAmt>
        <EOYFMVAmt>107909</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BRISTOL-MYERS SQUIBB CO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BRISTOL-MYERS SQUIBB CO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BROADCOM INC</BondNm>
        <EOYBookValueAmt>84561</EOYBookValueAmt>
        <EOYFMVAmt>84561</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BROADSTONE NET LEASE LLC</BondNm>
        <EOYBookValueAmt>67410</EOYBookValueAmt>
        <EOYFMVAmt>67410</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BUNGE LIMITED FINANCE CORP</BondNm>
        <EOYBookValueAmt>51352</EOYBookValueAmt>
        <EOYFMVAmt>51352</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BURLINGTON NORTHERN SANTA FE LLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BURLINGTON NORTHERN SANTA FE LLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CARGILL INC</BondNm>
        <EOYBookValueAmt>66752</EOYBookValueAmt>
        <EOYFMVAmt>66752</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CARLISLE COMPANIES INC</BondNm>
        <EOYBookValueAmt>45034</EOYBookValueAmt>
        <EOYFMVAmt>45034</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CARMX 2020-1 A4</BondNm>
        <EOYBookValueAmt>92394</EOYBookValueAmt>
        <EOYFMVAmt>92394</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CARRIER GLOBAL CORP</BondNm>
        <EOYBookValueAmt>30285</EOYBookValueAmt>
        <EOYFMVAmt>30285</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CELANESE US HOLDINGS LLC</BondNm>
        <EOYBookValueAmt>40130</EOYBookValueAmt>
        <EOYFMVAmt>40130</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CENOVUS ENERGY INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CENTENE CORP</BondNm>
        <EOYBookValueAmt>91714</EOYBookValueAmt>
        <EOYFMVAmt>91714</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CHARLES SCHWAB CORP</BondNm>
        <EOYBookValueAmt>95999</EOYBookValueAmt>
        <EOYFMVAmt>95999</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CHARTER COMMUNICATIONS OPERATING LLC</BondNm>
        <EOYBookValueAmt>46183</EOYBookValueAmt>
        <EOYFMVAmt>46183</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CHEVRON USA INC</BondNm>
        <EOYBookValueAmt>33234</EOYBookValueAmt>
        <EOYFMVAmt>33234</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CIGNA CORP</BondNm>
        <EOYBookValueAmt>32397</EOYBookValueAmt>
        <EOYFMVAmt>32397</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CIM 2021-R6 A1</BondNm>
        <EOYBookValueAmt>86005</EOYBookValueAmt>
        <EOYFMVAmt>86005</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC</BondNm>
        <EOYBookValueAmt>55878</EOYBookValueAmt>
        <EOYFMVAmt>55878</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CNH 2021-A A4</BondNm>
        <EOYBookValueAmt>331483</EOYBookValueAmt>
        <EOYFMVAmt>331483</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CNH 2021-B A3</BondNm>
        <EOYBookValueAmt>165385</EOYBookValueAmt>
        <EOYFMVAmt>165385</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CNH INDUSTRIAL CAPITAL LLC</BondNm>
        <EOYBookValueAmt>45378</EOYBookValueAmt>
        <EOYFMVAmt>45378</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COMCAST CORP</BondNm>
        <EOYBookValueAmt>86296</EOYBookValueAmt>
        <EOYFMVAmt>86296</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CONSTELLATION BRANDS INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CONSTELLATION INSURANCE INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COPT DEFENSE PROPERTIES LP</BondNm>
        <EOYBookValueAmt>21444</EOYBookValueAmt>
        <EOYFMVAmt>21444</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE OFFICE PROPERTIES LP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CREDIT SUISSE (USA) INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CSL FINANCE PLC</BondNm>
        <EOYBookValueAmt>57182</EOYBookValueAmt>
        <EOYFMVAmt>57182</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CSMC 2021-RPL2 A1A</BondNm>
        <EOYBookValueAmt>87226</EOYBookValueAmt>
        <EOYFMVAmt>87226</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CSX CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CVS HEALTH CORP</BondNm>
        <EOYBookValueAmt>20516</EOYBookValueAmt>
        <EOYFMVAmt>20516</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DEFT 202 A3</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DOMINION ENERGY INC</BondNm>
        <EOYBookValueAmt>36387</EOYBookValueAmt>
        <EOYFMVAmt>36387</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DUKE ENERGY CAROLINAS LLC</BondNm>
        <EOYBookValueAmt>92056</EOYBookValueAmt>
        <EOYFMVAmt>92056</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ELEMENT FLEET MANAGEMENT CORP</BondNm>
        <EOYBookValueAmt>80442</EOYBookValueAmt>
        <EOYFMVAmt>80442</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ELEVANCE HEALTH INC</BondNm>
        <EOYBookValueAmt>69271</EOYBookValueAmt>
        <EOYFMVAmt>69271</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENERGY TRANSFER LP</BondNm>
        <EOYBookValueAmt>139734</EOYBookValueAmt>
        <EOYFMVAmt>139734</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENTERPRISE PRODUCTS OPERATING LLC</BondNm>
        <EOYBookValueAmt>90453</EOYBookValueAmt>
        <EOYFMVAmt>90453</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EQUIFAX INC</BondNm>
        <EOYBookValueAmt>82587</EOYBookValueAmt>
        <EOYFMVAmt>82587</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EQUITABLE HOLDINGS INC</BondNm>
        <EOYBookValueAmt>83171</EOYBookValueAmt>
        <EOYFMVAmt>83171</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXPEDIA GROUP INC</BondNm>
        <EOYBookValueAmt>4401</EOYBookValueAmt>
        <EOYFMVAmt>4401</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXPORT-IMPORT BANK OF KOREA</BondNm>
        <EOYBookValueAmt>194466</EOYBookValueAmt>
        <EOYFMVAmt>194466</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXTRA SPACE STORAGE LP</BondNm>
        <EOYBookValueAmt>70973</EOYBookValueAmt>
        <EOYFMVAmt>70973</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXXON MOBIL CORP</BondNm>
        <EOYBookValueAmt>72830</EOYBookValueAmt>
        <EOYFMVAmt>72830</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FHMS K-033 A2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FHMS K-035 A2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FHMS K-037 A2</BondNm>
        <EOYBookValueAmt>3990</EOYBookValueAmt>
        <EOYFMVAmt>3990</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FHMS K-049 A2</BondNm>
        <EOYBookValueAmt>97242</EOYBookValueAmt>
        <EOYFMVAmt>97272</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FHMS K-067 A2</BondNm>
        <EOYBookValueAmt>269377</EOYBookValueAmt>
        <EOYFMVAmt>269377</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIFTH THIRD BANCORP</BondNm>
        <EOYBookValueAmt>15618</EOYBookValueAmt>
        <EOYFMVAmt>15618</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FISERV INC</BondNm>
        <EOYBookValueAmt>47374</EOYBookValueAmt>
        <EOYFMVAmt>47374</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FMC CORP</BondNm>
        <EOYBookValueAmt>29888</EOYBookValueAmt>
        <EOYFMVAmt>29888</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR CREDIT COMPANY LLC</BondNm>
        <EOYBookValueAmt>204890</EOYBookValueAmt>
        <EOYFMVAmt>204890</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORDF 2019-2 A</BondNm>
        <EOYBookValueAmt>220263</EOYBookValueAmt>
        <EOYFMVAmt>220263</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FREEPORT-MCMORAN INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GE HEALTHCARE TECHNOLOGIES INC</BondNm>
        <EOYBookValueAmt>105040</EOYBookValueAmt>
        <EOYFMVAmt>105040</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL ELECTRIC CO</BondNm>
        <EOYBookValueAmt>72518</EOYBookValueAmt>
        <EOYFMVAmt>72518</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL MOTORS CO</BondNm>
        <EOYBookValueAmt>13262</EOYBookValueAmt>
        <EOYFMVAmt>13262</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL MOTORS FINANCIAL COMPANY INC</BondNm>
        <EOYBookValueAmt>44899</EOYBookValueAmt>
        <EOYFMVAmt>44899</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GILEAD SCIENCES INC</BondNm>
        <EOYBookValueAmt>13052</EOYBookValueAmt>
        <EOYFMVAmt>13052</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLENCORE FUNDING LLC</BondNm>
        <EOYBookValueAmt>43274</EOYBookValueAmt>
        <EOYFMVAmt>43274</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLOBAL ATLANTIC (FIN) CO</BondNm>
        <EOYBookValueAmt>87553</EOYBookValueAmt>
        <EOYFMVAmt>87553</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLP CAPITAL LP</BondNm>
        <EOYBookValueAmt>42435</EOYBookValueAmt>
        <EOYFMVAmt>42435</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GMCAR 2021-3 A4</BondNm>
        <EOYBookValueAmt>304609</EOYBookValueAmt>
        <EOYFMVAmt>304609</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS GROUP INC</BondNm>
        <EOYBookValueAmt>266914</EOYBookValueAmt>
        <EOYFMVAmt>266914</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOOD 2021-4 A</BondNm>
        <EOYBookValueAmt>33740</EOYBookValueAmt>
        <EOYFMVAmt>33740</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOOD 2021-5 A</BondNm>
        <EOYBookValueAmt>39690</EOYBookValueAmt>
        <EOYFMVAmt>39690</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GSK CONSUMER HEALTHCARE CAPITAL US L</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GXO LOGISTICS INC</BondNm>
        <EOYBookValueAmt>79536</EOYBookValueAmt>
        <EOYFMVAmt>79536</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HAROT 2022-2 A2</BondNm>
        <EOYBookValueAmt>42889</EOYBookValueAmt>
        <EOYFMVAmt>42889</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HCA INC</BondNm>
        <EOYBookValueAmt>76521</EOYBookValueAmt>
        <EOYFMVAmt>76521</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HEALTHPEAK PROPERTIES INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HEICO CORP</BondNm>
        <EOYBookValueAmt>70639</EOYBookValueAmt>
        <EOYFMVAmt>70639</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HIGHWOODS REALTY LP</BondNm>
        <EOYBookValueAmt>50124</EOYBookValueAmt>
        <EOYFMVAmt>50124</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HOLCIM FINANCE US LLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HOME DEPOT INC</BondNm>
        <EOYBookValueAmt>83095</EOYBookValueAmt>
        <EOYFMVAmt>83095</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HUNTINGTON INGALLS INDUSTRIES INC</BondNm>
        <EOYBookValueAmt>60654</EOYBookValueAmt>
        <EOYFMVAmt>60654</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HUNTSMAN INTERNATIONAL LLC</BondNm>
        <EOYBookValueAmt>80916</EOYBookValueAmt>
        <EOYFMVAmt>80916</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HYATT HOTELS CORP</BondNm>
        <EOYBookValueAmt>25226</EOYBookValueAmt>
        <EOYFMVAmt>25226</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INFOR INC</BondNm>
        <EOYBookValueAmt>45252</EOYBookValueAmt>
        <EOYFMVAmt>45252</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INTERNATIONAL FLAVORS &amp; FRAGRANCES I</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INTESA SANPAOLO SPA</BondNm>
        <EOYBookValueAmt>204880</EOYBookValueAmt>
        <EOYFMVAmt>204880</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INTUIT INC</BondNm>
        <EOYBookValueAmt>22966</EOYBookValueAmt>
        <EOYFMVAmt>22966</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INVITATION HOMES OPERATING PARTNERSH</BondNm>
        <EOYBookValueAmt>29405</EOYBookValueAmt>
        <EOYFMVAmt>29405</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>J M SMUCKER CO</BondNm>
        <EOYBookValueAmt>28964</EOYBookValueAmt>
        <EOYFMVAmt>28964</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JBS USA LUX SA</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JPMORGAN CHASE &amp; CO</BondNm>
        <EOYBookValueAmt>334978</EOYBookValueAmt>
        <EOYFMVAmt>334978</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KENVUE INC</BondNm>
        <EOYBookValueAmt>75345</EOYBookValueAmt>
        <EOYFMVAmt>75345</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KEYSIGHT TECHNOLOGIES INC</BondNm>
        <EOYBookValueAmt>73747</EOYBookValueAmt>
        <EOYFMVAmt>73747</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KINDER MORGAN INC</BondNm>
        <EOYBookValueAmt>68452</EOYBookValueAmt>
        <EOYFMVAmt>68452</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KLA CORP</BondNm>
        <EOYBookValueAmt>41773</EOYBookValueAmt>
        <EOYFMVAmt>41773</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LAM RESEARCH CORP</BondNm>
        <EOYBookValueAmt>73938</EOYBookValueAmt>
        <EOYFMVAmt>73938</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LINDE INC</BondNm>
        <EOYBookValueAmt>52971</EOYBookValueAmt>
        <EOYFMVAmt>52971</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LKQ CORP</BondNm>
        <EOYBookValueAmt>32394</EOYBookValueAmt>
        <EOYFMVAmt>32394</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LLOYDS BANKING GROUP PLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LOWE'S COMPANIES INC</BondNm>
        <EOYBookValueAmt>48665</EOYBookValueAmt>
        <EOYFMVAmt>48665</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MARTIN MARIETTA MATERIALS INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MERCK &amp; CO INC</BondNm>
        <EOYBookValueAmt>60664</EOYBookValueAmt>
        <EOYFMVAmt>60664</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>META PLATFORMS INC</BondNm>
        <EOYBookValueAmt>54702</EOYBookValueAmt>
        <EOYFMVAmt>54702</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MICROCHIP TECHNOLOGY INC</BondNm>
        <EOYBookValueAmt>41663</EOYBookValueAmt>
        <EOYFMVAmt>41663</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MOHAWK INDUSTRIES INC</BondNm>
        <EOYBookValueAmt>29026</EOYBookValueAmt>
        <EOYFMVAmt>29026</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY</BondNm>
        <EOYBookValueAmt>219662</EOYBookValueAmt>
        <EOYFMVAmt>219662</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MVWOT 2023-1 A</BondNm>
        <EOYBookValueAmt>83242</EOYBookValueAmt>
        <EOYFMVAmt>83242</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NATIONAL GRID USA</BondNm>
        <EOYBookValueAmt>77373</EOYBookValueAmt>
        <EOYFMVAmt>77373</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NBCUNIVERSAL MEDIA LLC</BondNm>
        <EOYBookValueAmt>29250</EOYBookValueAmt>
        <EOYFMVAmt>29250</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NISSAN MOTOR ACCEPTANCE COMPANY LLC</BondNm>
        <EOYBookValueAmt>61192</EOYBookValueAmt>
        <EOYFMVAmt>61192</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NORFOLK SOUTHERN CORP</BondNm>
        <EOYBookValueAmt>83092</EOYBookValueAmt>
        <EOYFMVAmt>83092</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NORTHERN TRUST CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NRART 2020-T1 AT1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NRART 2020-T2 AT2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NUTRIEN LTD</BondNm>
        <EOYBookValueAmt>52885</EOYBookValueAmt>
        <EOYFMVAmt>52885</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NXP BV</BondNm>
        <EOYBookValueAmt>42952</EOYBookValueAmt>
        <EOYFMVAmt>42952</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OCCIDENTAL PETROLEUM CORP</BondNm>
        <EOYBookValueAmt>74535</EOYBookValueAmt>
        <EOYFMVAmt>74535</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OHIO POWER CO</BondNm>
        <EOYBookValueAmt>91712</EOYBookValueAmt>
        <EOYFMVAmt>91712</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ONEOK INC</BondNm>
        <EOYBookValueAmt>66943</EOYBookValueAmt>
        <EOYFMVAmt>66943</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ORACLE CORP</BondNm>
        <EOYBookValueAmt>141224</EOYBookValueAmt>
        <EOYFMVAmt>141224</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OVINTIV INC</BondNm>
        <EOYBookValueAmt>45486</EOYBookValueAmt>
        <EOYFMVAmt>45486</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OWENS CORNING</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PACIFIC GAS AND ELECTRIC CO</BondNm>
        <EOYBookValueAmt>37945</EOYBookValueAmt>
        <EOYFMVAmt>37945</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PARAMOUNT GLOBAL</BondNm>
        <EOYBookValueAmt>25882</EOYBookValueAmt>
        <EOYFMVAmt>25882</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PETROLEOS MEXICANOS</BondNm>
        <EOYBookValueAmt>173259</EOYBookValueAmt>
        <EOYFMVAmt>173259</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PFIZER INVESTMENT ENTERPRISES PTE LT</BondNm>
        <EOYBookValueAmt>133523</EOYBookValueAmt>
        <EOYFMVAmt>133523</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PHILIP MORRIS INTERNATIONAL INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PHYSICIANS REALTY LP</BondNm>
        <EOYBookValueAmt>47718</EOYBookValueAmt>
        <EOYFMVAmt>47718</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PILGRIMS PRIDE CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PIONEER NATURAL RESOURCES CO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PLAINS ALL AMERICAN PIPELINE LP</BondNm>
        <EOYBookValueAmt>28541</EOYBookValueAmt>
        <EOYFMVAmt>28541</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PNC FINANCIAL SERVICES GROUP INC</BondNm>
        <EOYBookValueAmt>55095</EOYBookValueAmt>
        <EOYFMVAmt>55095</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PRUDENTIAL FINANCIAL INC</BondNm>
        <EOYBookValueAmt>58085</EOYBookValueAmt>
        <EOYFMVAmt>58085</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QUALCOMM INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QUANTA SERVICES INC</BondNm>
        <EOYBookValueAmt>30711</EOYBookValueAmt>
        <EOYFMVAmt>30711</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RAYTHEON TECHNOLOGIES CORP</BondNm>
        <EOYBookValueAmt>109357</EOYBookValueAmt>
        <EOYFMVAmt>109357</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>REALTY INCOME CORP</BondNm>
        <EOYBookValueAmt>48924</EOYBookValueAmt>
        <EOYFMVAmt>48924</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>REINSURANCE GROUP OF AMERICA INC</BondNm>
        <EOYBookValueAmt>79902</EOYBookValueAmt>
        <EOYFMVAmt>79902</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>REYNOLDS AMERICAN INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ROGERS COMMUNICATIONS INC</BondNm>
        <EOYBookValueAmt>73496</EOYBookValueAmt>
        <EOYFMVAmt>73496</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ROYALTY PHARMA PLC</BondNm>
        <EOYBookValueAmt>42024</EOYBookValueAmt>
        <EOYFMVAmt>42024</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SABINE PASS LIQUEFACTION LLC</BondNm>
        <EOYBookValueAmt>68523</EOYBookValueAmt>
        <EOYFMVAmt>68523</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SBATOW 2020-1 2C</BondNm>
        <EOYBookValueAmt>83499</EOYBookValueAmt>
        <EOYFMVAmt>83499</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SBATOW 2021-1 C</BondNm>
        <EOYBookValueAmt>165178</EOYBookValueAmt>
        <EOYFMVAmt>165178</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SCHLUMBERGER INVESTMENT SA</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SHELL INTERNATIONAL FINANCE BV</BondNm>
        <EOYBookValueAmt>27421</EOYBookValueAmt>
        <EOYFMVAmt>27421</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SIMON PROPERTY GROUP LP</BondNm>
        <EOYBookValueAmt>30431</EOYBookValueAmt>
        <EOYFMVAmt>30431</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SKYWORKS SOLUTIONS INC</BondNm>
        <EOYBookValueAmt>22238</EOYBookValueAmt>
        <EOYFMVAmt>22238</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SONOCO PRODUCTS CO</BondNm>
        <EOYBookValueAmt>35916</EOYBookValueAmt>
        <EOYFMVAmt>35916</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SPRINT LLC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SRFC 202 A</BondNm>
        <EOYBookValueAmt>20627</EOYBookValueAmt>
        <EOYFMVAmt>20627</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SRFC 2023-1 A</BondNm>
        <EOYBookValueAmt>66419</EOYBookValueAmt>
        <EOYFMVAmt>66419</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SYSCO CORP</BondNm>
        <EOYBookValueAmt>94593</EOYBookValueAmt>
        <EOYFMVAmt>94593</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TAKE-TWO INTERACTIVE SOFTWARE INC</BondNm>
        <EOYBookValueAmt>70458</EOYBookValueAmt>
        <EOYFMVAmt>70458</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>T-MOBILE USA INC</BondNm>
        <EOYBookValueAmt>55950</EOYBookValueAmt>
        <EOYFMVAmt>55950</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TORONTO-DOMINION BANK</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TPMT 2018-4 A1</BondNm>
        <EOYBookValueAmt>40980</EOYBookValueAmt>
        <EOYFMVAmt>40980</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TPMT 2020-4 A1</BondNm>
        <EOYBookValueAmt>70879</EOYBookValueAmt>
        <EOYFMVAmt>70879</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TPMT 211 A1</BondNm>
        <EOYBookValueAmt>59521</EOYBookValueAmt>
        <EOYFMVAmt>59521</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TPMT 231 A1</BondNm>
        <EOYBookValueAmt>117799</EOYBookValueAmt>
        <EOYFMVAmt>117799</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRANSCANADA PIPELINES LTD</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRIMBLE INC</BondNm>
        <EOYBookValueAmt>48159</EOYBookValueAmt>
        <EOYFMVAmt>48159</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRITON CONTAINER INTERNATIONAL LTD</BondNm>
        <EOYBookValueAmt>82460</EOYBookValueAmt>
        <EOYFMVAmt>82460</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRUIST FINANCIAL CORP</BondNm>
        <EOYBookValueAmt>111663</EOYBookValueAmt>
        <EOYFMVAmt>111663</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TSMC GLOBAL LTD</BondNm>
        <EOYBookValueAmt>161866</EOYBookValueAmt>
        <EOYFMVAmt>161866</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UBS AG (STAMFORD BRANCH)</BondNm>
        <EOYBookValueAmt>55704</EOYBookValueAmt>
        <EOYFMVAmt>55704</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED AIRLINES 2012-2 PASS THROUGH</BondNm>
        <EOYBookValueAmt>51621</EOYBookValueAmt>
        <EOYFMVAmt>51621</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED AIRLINES PASS THROUGH TRUST 2</BondNm>
        <EOYBookValueAmt>35919</EOYBookValueAmt>
        <EOYFMVAmt>35919</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITEDHEALTH GROUP INC</BondNm>
        <EOYBookValueAmt>50008</EOYBookValueAmt>
        <EOYFMVAmt>50008</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US BANCORP</BondNm>
        <EOYBookValueAmt>39198</EOYBookValueAmt>
        <EOYFMVAmt>39198</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VCU 2023-1 A2</BondNm>
        <EOYBookValueAmt>84244</EOYBookValueAmt>
        <EOYFMVAmt>84244</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VENTAS REALTY LP</BondNm>
        <EOYBookValueAmt>69172</EOYBookValueAmt>
        <EOYFMVAmt>69172</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERALTO CORP</BondNm>
        <EOYBookValueAmt>45574</EOYBookValueAmt>
        <EOYFMVAmt>45574</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON COMMUNICATIONS INC</BondNm>
        <EOYBookValueAmt>161383</EOYBookValueAmt>
        <EOYFMVAmt>161383</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VF CORP</BondNm>
        <EOYBookValueAmt>78330</EOYBookValueAmt>
        <EOYFMVAmt>78330</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VIATRIS INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VICI PROPERTIES LP</BondNm>
        <EOYBookValueAmt>72774</EOYBookValueAmt>
        <EOYFMVAmt>72774</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VITERRA FINANCE BV</BondNm>
        <EOYBookValueAmt>198351</EOYBookValueAmt>
        <EOYFMVAmt>198351</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VOLKSWAGEN GROUP OF AMERICA FINANCE</BondNm>
        <EOYBookValueAmt>176359</EOYBookValueAmt>
        <EOYFMVAmt>176359</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WARNERMEDIA HOLDINGS INC</BondNm>
        <EOYBookValueAmt>63474</EOYBookValueAmt>
        <EOYFMVAmt>63474</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO &amp; CO</BondNm>
        <EOYBookValueAmt>165350</EOYBookValueAmt>
        <EOYFMVAmt>165320</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WESTERN MIDSTREAM OPERATING LP</BondNm>
        <EOYBookValueAmt>46749</EOYBookValueAmt>
        <EOYFMVAmt>46749</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WESTLAKE CORP</BondNm>
        <EOYBookValueAmt>56596</EOYBookValueAmt>
        <EOYFMVAmt>56596</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WEYERHAEUSER CO</BondNm>
        <EOYBookValueAmt>46660</EOYBookValueAmt>
        <EOYFMVAmt>46660</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WILLIAMS COMPANIES INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WORKDAY INC</BondNm>
        <EOYBookValueAmt>53216</EOYBookValueAmt>
        <EOYFMVAmt>53216</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GRANDEUR IS INST</StockNm>
        <EOYBookValueAmt>3469462</EOYBookValueAmt>
        <EOYFMVAmt>3469462</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAZARD:GL LSTD INFR INST</StockNm>
        <EOYBookValueAmt>3395742</EOYBookValueAmt>
        <EOYFMVAmt>3395742</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCER EMERG MARKETS EQUITY MF</StockNm>
        <EOYBookValueAmt>7351592</EOYBookValueAmt>
        <EOYFMVAmt>7351592</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCER GLOBAL OPPORTUNITIES MF</StockNm>
        <EOYBookValueAmt>3996971</EOYBookValueAmt>
        <EOYFMVAmt>3996971</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCER NON US CORE EQUITY MF</StockNm>
        <EOYBookValueAmt>17828366</EOYBookValueAmt>
        <EOYFMVAmt>17828366</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCER SS GLOBAL RE NL CTF</StockNm>
        <EOYBookValueAmt>4474388</EOYBookValueAmt>
        <EOYFMVAmt>4474388</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCER US SML/MID CAP EQTY MF</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SSGA S&amp;P 500 INDEX AEGON FOUNDATION</StockNm>
        <EOYBookValueAmt>30862406</EOYBookValueAmt>
        <EOYFMVAmt>30862406</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD VAL IDX ADM</StockNm>
        <EOYBookValueAmt>3221908</EOYBookValueAmt>
        <EOYFMVAmt>3221908</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLINGTON TRUST CTF SMALL CAP</StockNm>
        <EOYBookValueAmt>4691880</EOYBookValueAmt>
        <EOYFMVAmt>4691880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WM BLAIR:SM-MD CP CR I</StockNm>
        <EOYBookValueAmt>3294244</EOYBookValueAmt>
        <EOYFMVAmt>3294244</EOYFMVAmt>
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    <InvestmentsGovtObligationsSch documentId="RetDoc3">
      <USGovtObligationsBookVlEOYAmt>12040934</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>12040934</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc4">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCER HEDGE FUND INVESTORS SP-I</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>19655974</BookValueAmt>
        <EOYFMVAmt>19655974</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCER PRIVATE INVESTMENT PARTNERSHI</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8179484</BookValueAmt>
        <EOYFMVAmt>8179484</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCER PRIVATE INVESMENT PARTNERSHIP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>11769145</BookValueAmt>
        <EOYFMVAmt>11769145</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCER PRIVATE INVESMENT PARTNERSHIP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8338136</BookValueAmt>
        <EOYFMVAmt>8338136</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc5">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>8688</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc6">
      <OtherAssetsScheduleGrp>
        <Desc>INTEREST RECEIVABLE</Desc>
        <BOYBookValueAmt>213478</BOYBookValueAmt>
        <EOYBookValueAmt>216170</EOYBookValueAmt>
        <EOYFMVAmt>216170</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc7">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>2424</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>-42005</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS K-1-MERCER</Desc>
        <RevenueAndExpensesPerBooksAmt>76183</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>76183</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PRIVATE INVEST PARTNERSHIP</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS K-1-MERCER</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PRIVATES INVEST PARTNERSHIP</Desc>
        <RevenueAndExpensesPerBooksAmt>212080</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>212080</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS K-1-MERCER</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PRIVATES INVEST PARTNERSHIP</Desc>
        <RevenueAndExpensesPerBooksAmt>108107</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>108107</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 - UBTI</Desc>
        <RevenueAndExpensesPerBooksAmt>-146527</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-146527</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - MERCER PRIVATE</Desc>
        <RevenueAndExpensesPerBooksAmt>17272</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>17272</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - MERCER PRIVATE</Desc>
        <RevenueAndExpensesPerBooksAmt>16972</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16972</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - MERCER PRIVATE</Desc>
        <RevenueAndExpensesPerBooksAmt>7935</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7935</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ROYALTIES K-1 MERCER PRIVATE</Desc>
        <RevenueAndExpensesPerBooksAmt>1</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MERCER PRIVATE INV V, VI &amp; V</Desc>
        <RevenueAndExpensesPerBooksAmt>-146527</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-146527</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc8">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>8284280</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>EQUITY IN EARNINGS OF PARTNERSHIP INVEST</Desc>
        <Amt>186953</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>583936</Amt>
        <NetInvestmentIncomeAmt>583936</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX ON INVESTMENTS</CategoryTxt>
        <Amt>250650</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES K-1 - MERCER</CategoryTxt>
        <Amt>71</Amt>
        <NetInvestmentIncomeAmt>71</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PRIVATE INVEST PARTNERS V</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES K-1 - MERCER</CategoryTxt>
        <Amt>116</Amt>
        <NetInvestmentIncomeAmt>116</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PRIVATE INVEST PARTNERS VI</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX ES K-1 - MERCER</CategoryTxt>
        <Amt>193</Amt>
        <NetInvestmentIncomeAmt>193</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PRIVATE INVEST PARTNERS VII</CategoryTxt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>