﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-02-02T02:00:11-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-09-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>861065772</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DELOITTE TAX LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>330 RUSH ALLEY SUITE 800</AddressLine1Txt>
        <CityNm>COLUMBUS</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>432153932</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-10-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>522256618</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CLIFTON FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CLIF</BusinessNameControlTxt>
      <PhoneNum>3027933278</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 242</AddressLine1Txt>
        <CityNm>CHESTERTOWN</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>21620</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RICHARD T GOODALL</PersonNm>
      <PersonTitleTxt>DIRECTOR</PersonTitleTxt>
      <PhoneNum>3027933278</PhoneNum>
      <SignatureDt>2024-01-30</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>KELLY NEUGEBAUER</PreparerPersonNm>
      <PTIN>P01285591</PTIN>
      <PhoneNum>6142211000</PhoneNum>
      <PreparationDt>2024-01-30</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp />
    </AdditionalFilerInformation>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>12732897</FMVAssetsEOYAmt>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>311858</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>311858</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>1883659</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>7601570</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1883659</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>2195517</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>2195517</TotalNetInvstIncmAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>0</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsAdjNetIncmAmt>0</OthEmplSlrsWgsAdjNetIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>0</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftNetInvstIncmAmt>0</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftAdjNetIncmAmt>0</PensionEmplBnftAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">118500</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>71808</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>46692</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>210</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>210</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">14438</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3438</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt>0</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>0</TravConfMeetingAdjNetIncmAmt>
        <PrintingAndPubNetInvstIncmAmt>0</PrintingAndPubNetInvstIncmAmt>
        <PrintingAndPubAdjNetIncmAmt>0</PrintingAndPubAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule">1744</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>1744</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>134892</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>75456</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>48436</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>5735430</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>5735430</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>5870322</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>75456</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>5783866</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-3674805</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>2120061</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>214957</CashBOYAmt>
        <CashEOYAmt>231832</CashEOYAmt>
        <CashEOYFMVAmt>231832</CashEOYFMVAmt>
        <AcctRcvblEOYAmt>0</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>0</AcctRcvblEOYFMVAmt>
        <OtherRcvblAllwncDbtflAcctAmt>0</OtherRcvblAllwncDbtflAcctAmt>
        <CorporateStockBOYAmt>8916979</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">6663526</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>9581565</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4670448</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">3227068</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>2919500</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsEOYFMVAmt>0</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>13802384</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>10122426</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>12732897</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>13802384</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>10122426</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>13802384</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>10122426</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>13802384</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>10122426</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>13802384</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-3674805</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>10127579</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">5153</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>10122426</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1. GOLDMAN SACHS &amp; CO</PropertyDesc>
          <AcquiredDt>2023-05-01</AcquiredDt>
          <SoldDt>2023-09-30</SoldDt>
          <GrossSalesPriceAmt>290538</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>297855</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7317</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7317</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1. GOLDMAN SACHS &amp; CO</PropertyDesc>
          <AcquiredDt>2022-01-01</AcquiredDt>
          <SoldDt>2023-09-30</SoldDt>
          <GrossSalesPriceAmt>7092436</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5420056</CostOrOtherBasisAmt>
          <GainOrLossAmt>1672380</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1672380</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>218596</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>218596</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1883659</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>29469</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>29469</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>29469</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15143</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>15143</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <TaxDueAmt>14326</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </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>MD</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>LONN SELBST</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3027933278</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>200 BELLEVUE PARKWAY SUITE 250</AddressLine1Txt>
          <CityNm>WILMINGTON</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>198093747</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <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>RICHARD L GOODALL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 242</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </USAddress>
          <TitleTxt>DIR. &amp; PRES.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURA K G GRAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 242</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </USAddress>
          <TitleTxt>DIR. &amp; SEC.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD T GOODALL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 242</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </USAddress>
          <TitleTxt>DIR. &amp; TREAS.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>15670712</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>653223</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>16323935</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>16323935</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>244859</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>16079076</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>803954</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>803954</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>29469</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>29469</TotalTaxAmt>
        <DistributableBeforeAdjAmt>774485</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>774485</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>774485</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>5783866</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>5783866</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>774485</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>886284</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>0</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>0</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>0</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>0</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>5783866</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>886284</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>774485</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>4123097</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>4123097</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>4123097</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>0</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>0</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>0</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>0</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>4123097</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GIVING THE EDGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>325 LOG CANOE CIR</AddressLine1Txt>
            <CityNm>STEVENSVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21666</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>3060</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PECOMETH UNITED METHODIST CAMP AND</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>RETREAT MINISTRIES</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>136 BOOKERS WHARF ROAD</AddressLine1Txt>
            <CityNm>CENTREVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21617</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHESAPEAKE CHARITIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>101 LOG CANOE CIRCLE - SUITE O</AddressLine1Txt>
            <CityNm>STEVENSVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21666</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GOLDMAN SACHS PHILANTHROPY FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 15203</AddressLine1Txt>
            <CityNm>ALBANY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>122125203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>5000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HORIZONS OF KENT AND QUEEN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>116 S LYNCHBURG ST STE B</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>87500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHANGING PERSPECTIVES INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 694</AddressLine1Txt>
            <CityNm>BRADFORD</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05033</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GIRL SCOUTS OF THE CHESAPEAKE BAY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>225 S OLD BALTIMORE PIKE</AddressLine1Txt>
            <CityNm>NEWARK</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>19702</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VIRGINIA MILITARY INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>319 LETCHER AVE</AddressLine1Txt>
            <CityNm>LEXINGTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>24450</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOMEPORTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 114</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAY AREA YOUNG LIFE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 503</AddressLine1Txt>
            <CityNm>CENTREVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21617</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OF THE CHESAPEAKE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>111-1 E DOVER STREET</AddressLine1Txt>
            <CityNm>EASTON</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>320000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KENT SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6788 WILKINS LN</AddressLine1Txt>
            <CityNm>CHESTERTOWN</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21620</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>19000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MARYLAND LEADERSHIP WORKSHOPS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2442</AddressLine1Txt>
            <CityNm>EASTON</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>1370</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMPASS REGIONAL HOSPICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>160 COURSEVALL DR</AddressLine1Txt>
            <CityNm>CENTREVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21617</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOY SCOUTS OF AMERICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>81 DEL-MAR-VA 1100 N MARKET ST</AddressLine1Txt>
            <CityNm>WILMINGTON</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>19890</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TALBOT INTERFAITH SHELTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>107 GOLDSBOROUGH</AddressLine1Txt>
            <CityNm>EASTON</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TONKAWA PUBLIC SCHOOLS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>500 EAST NORTH AVENUE</AddressLine1Txt>
            <CityNm>TONKAWA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74653</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>POCONO PLATEAU PROGRAM CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>POCONO PLATEAU RD</AddressLine1Txt>
            <CityNm>CRESCO</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18326</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5735430</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>311858</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1883659</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>2195517</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2195517</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp />
      <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="InvestmentsCorpBondsSchedule">
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828RJ1 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828RM4 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828V72 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828Z29 U.S. TREASURYNOTE 2.</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>00828ECZ0 AFRICAN DEVELOPMENT</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>38148U692 GS FINANCIAL SQUARE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>38143H845 GS INVESTMENT GRADE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>38141W307 GS SHORT DURATION GO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>USD U S DOLLAR</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828L57 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828XX3 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285Z9 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128284D9 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828S35 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CBC4 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828R28 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828XZ8 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>132834</EOYBookValueAmt>
        <EOYFMVAmt>119737</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828ZL7 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828ZT0 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CAB7 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912810FE3 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285F3 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285K2 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285C0 U.S. TREASURY NOTE 3</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>314211103 FEDERATED HERMES INS</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828W48 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>233246</EOYBookValueAmt>
        <EOYFMVAmt>190458</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828Y79 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828YG9 'U.S. TREASURYNOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>025537AM3 AMERICAN ELECTRIC PO</BondNm>
        <EOYBookValueAmt>16390</EOYBookValueAmt>
        <EOYFMVAmt>14327</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>035240AL4 ANHEUSER-BUSCH INBEV</BondNm>
        <EOYBookValueAmt>48274</EOYBookValueAmt>
        <EOYFMVAmt>43447</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>046353AV0 ASTRAZENECA PLC 0.7%</BondNm>
        <EOYBookValueAmt>54080</EOYBookValueAmt>
        <EOYFMVAmt>49285</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>00206RHJ4 AT&amp;T INC. 4.35% 03/0</BondNm>
        <EOYBookValueAmt>27300</EOYBookValueAmt>
        <EOYFMVAmt>23376</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05526DBN4 B.A.T. CAPITAL CORPO</BondNm>
        <EOYBookValueAmt>22030</EOYBookValueAmt>
        <EOYFMVAmt>18839</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>06051GHT9 BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>53753</EOYBookValueAmt>
        <EOYFMVAmt>48645</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>0641593U8 BANK OF NOVA SCOTIA</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>064159TF3 BANK OF NOVA SCOTIA</BondNm>
        <EOYBookValueAmt>20292</EOYBookValueAmt>
        <EOYFMVAmt>19103</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>101137AX5 BOSTON SCIENTIFIC CO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05565QDA3 BP CAPITAL MARKETS P</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>11135FBC4 BROADCOM INC. 4.7% 0</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>172967KA8A CITIGROUP INC 4.45%</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>172967LD1 CITIGROUP INC. HYBRI</BondNm>
        <EOYBookValueAmt>32069</EOYBookValueAmt>
        <EOYFMVAmt>28227</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>174610AT2 CITIZENS FINANCIAL G</BondNm>
        <EOYBookValueAmt>57443</EOYBookValueAmt>
        <EOYFMVAmt>45319</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>20030NBL4 COMCAST CORPORATION</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>22822VAK7 CROWN CASTLE INTERNA</BondNm>
        <EOYBookValueAmt>21158</EOYBookValueAmt>
        <EOYFMVAmt>18436</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>126650CX6 CVS HEALTH CORPORATI</BondNm>
        <EOYBookValueAmt>19515</EOYBookValueAmt>
        <EOYFMVAmt>17050</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>29273RBG3 ENERGY TRANSFER PART</BondNm>
        <EOYBookValueAmt>36850</EOYBookValueAmt>
        <EOYFMVAmt>34405</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>30161NAX9 EXELON CORPORATION 4</BondNm>
        <EOYBookValueAmt>48853</EOYBookValueAmt>
        <EOYFMVAmt>41344</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>30231GAF9 EXXON MOBIL CORPORAT</BondNm>
        <EOYBookValueAmt>46020</EOYBookValueAmt>
        <EOYFMVAmt>43438</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>35137LAH8 FOX CORPORATION 4.70</BondNm>
        <EOYBookValueAmt>38747</EOYBookValueAmt>
        <EOYFMVAmt>33426</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>361448BF9 GATX CORP 4.0% 06/30</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>369550AX6 GENERAL DYNAMICS COR</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>369550BG2 GENERAL DYNAMICS COR</BondNm>
        <EOYBookValueAmt>41551</EOYBookValueAmt>
        <EOYFMVAmt>39266</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>38141W273B GS FINANCIAL SQUARE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>38141W273C GS FINANCIAL SQUARE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>458140AN0 INTEL CORPORATION 4.</BondNm>
        <EOYBookValueAmt>34229</EOYBookValueAmt>
        <EOYFMVAmt>27147</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>24422EUE7 JOHN DEERE CAPITAL C</BondNm>
        <EOYBookValueAmt>25897</EOYBookValueAmt>
        <EOYFMVAmt>24366</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>46647PBH8 JPMORGAN CHASE &amp; CO.</BondNm>
        <EOYBookValueAmt>30413</EOYBookValueAmt>
        <EOYFMVAmt>28280</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>46647PBD7 JPMORGAN CHASE &amp; CO.</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>49446RAW9 KIMCO REALTY CORPORA</BondNm>
        <EOYBookValueAmt>24058</EOYBookValueAmt>
        <EOYFMVAmt>19619</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>539830BE8 LOCKHEED MARTIN CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>606822AT1 MITSUBISHI UFJ FINAN</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>61744YAP3 MORGAN STANLEY HYBRI</BondNm>
        <EOYBookValueAmt>54451</EOYBookValueAmt>
        <EOYFMVAmt>46891</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>64110DAK0 NETAPP, INC. 2.7% 06</BondNm>
        <EOYBookValueAmt>45049</EOYBookValueAmt>
        <EOYFMVAmt>36915</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>74251VAS1 PRINCIPAL FINANCIAL</BondNm>
        <EOYBookValueAmt>53683</EOYBookValueAmt>
        <EOYFMVAmt>44087</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>78015K7D0 ROYAL BANK OF CANADA</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>86562MAF7 SUMITOMO MITSUI FINA</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>87165BAL7 SYNCHRONY FINANCIAL</BondNm>
        <EOYBookValueAmt>31281</EOYBookValueAmt>
        <EOYFMVAmt>27260</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>89236TGT6 TOYOTA MOTOR CREDIT</BondNm>
        <EOYBookValueAmt>50524</EOYBookValueAmt>
        <EOYFMVAmt>47634</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828Z94 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828X1X3 U.S. TREASURY NOTE</BondNm>
        <EOYBookValueAmt>95929</EOYBookValueAmt>
        <EOYFMVAmt>93050</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912827Y79 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828YQ3 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828W42 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285C2 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>43339</EOYBookValueAmt>
        <EOYFMVAmt>41159</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285P3 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>1004</EOYBookValueAmt>
        <EOYFMVAmt>967</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128285TB U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>8315</EOYBookValueAmt>
        <EOYFMVAmt>7812</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828L51 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912829V72 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828V8O U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>1051</EOYBookValueAmt>
        <EOYFMVAmt>927</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282811X3 U.S. TREASURY NOTE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9127685T3 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9134285T9 U.S. TREASURY NOTE 3</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>92340LAF6 VEREIT OPERATING PAR</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>92343VEA8 VERIZON COMMUNICATIO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>95000U2K8 WELLS FARGO &amp; COMPAN</BondNm>
        <EOYBookValueAmt>25399</EOYBookValueAmt>
        <EOYFMVAmt>23658</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>94974BFY1 WELLS FARGO &amp; COMPAN</BondNm>
        <EOYBookValueAmt>35010</EOYBookValueAmt>
        <EOYFMVAmt>31787</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>961214DF7 WESTPAC BANKING CORP</BondNm>
        <EOYBookValueAmt>58819</EOYBookValueAmt>
        <EOYFMVAmt>49908</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>31420B300 FEDERATED HERMES INS</BondNm>
        <EOYBookValueAmt>609878</EOYBookValueAmt>
        <EOYFMVAmt>582759</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>031162CZ1 AMGEN INC. 2.0% 01/1</BondNm>
        <EOYBookValueAmt>20297</EOYBookValueAmt>
        <EOYFMVAmt>16029</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>053332AZ5 AUTOZONE INC 4.0% 04</BondNm>
        <EOYBookValueAmt>23626</EOYBookValueAmt>
        <EOYFMVAmt>21148</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>120568BC3 BUNGE LIMITED FINANC</BondNm>
        <EOYBookValueAmt>36496</EOYBookValueAmt>
        <EOYFMVAmt>33641</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>260543CK7 DOW CHEMICAL CO/THE</BondNm>
        <EOYBookValueAmt>41257</EOYBookValueAmt>
        <EOYFMVAmt>38271</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>31428XAX4 FEDEX CORPORATION 4.</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>37045VAN0 GENERAL MOTORS CO 4.</BondNm>
        <EOYBookValueAmt>19259</EOYBookValueAmt>
        <EOYFMVAmt>18110</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>68389XCE3 ORACLE CORPORATION 2</BondNm>
        <EOYBookValueAmt>19389</EOYBookValueAmt>
        <EOYFMVAmt>15542</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>756109BH6 REALTY INCOME CORP 3</BondNm>
        <EOYBookValueAmt>54042</EOYBookValueAmt>
        <EOYFMVAmt>45893</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828ZV5 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>176603</EOYBookValueAmt>
        <EOYFMVAmt>166471</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828ZQ6 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>47303</EOYBookValueAmt>
        <EOYFMVAmt>42701</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CAY7 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>206143</EOYBookValueAmt>
        <EOYFMVAmt>182811</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CCR0 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CCS8 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>37857</EOYBookValueAmt>
        <EOYFMVAmt>33678</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CDP3 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>103236</EOYBookValueAmt>
        <EOYFMVAmt>89559</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>92343VCQ5 VERIZON COMMUNICATIO</BondNm>
        <EOYBookValueAmt>45858</EOYBookValueAmt>
        <EOYFMVAmt>41766</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912796Y60 U.S. TREASURY BILL D</BondNm>
        <EOYBookValueAmt>52413</EOYBookValueAmt>
        <EOYFMVAmt>53841</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9182CDY4 U.S. TREASURY NOTE 1.</BondNm>
        <EOYBookValueAmt>49485</EOYBookValueAmt>
        <EOYFMVAmt>46442</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91324PCQ3 UNITEDHEALTH GROUP I</BondNm>
        <EOYBookValueAmt>47246</EOYBookValueAmt>
        <EOYFMVAmt>44832</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>00724PAD1 ADOBE INC 2.3% 02/01</BondNm>
        <EOYBookValueAmt>22868</EOYBookValueAmt>
        <EOYFMVAmt>21981</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>458140100 INTEL CORPORATION 5.</BondNm>
        <EOYBookValueAmt>16760</EOYBookValueAmt>
        <EOYFMVAmt>16811</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>172967LW9 CITIGROUP INC. HYBRI</BondNm>
        <EOYBookValueAmt>15891</EOYBookValueAmt>
        <EOYFMVAmt>15951</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>822582BE1 SHELL INTERNATIONAL</BondNm>
        <EOYBookValueAmt>12305</EOYBookValueAmt>
        <EOYFMVAmt>11668</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule">
      <InvestmentsCorporateStockGrp>
        <StockNm>000375204 ABB LTD SPONSORED AD</StockNm>
        <EOYBookValueAmt>9886</EOYBookValueAmt>
        <EOYFMVAmt>13876</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>001317205 AIA GROUP LIMITED SP</StockNm>
        <EOYBookValueAmt>9740</EOYBookValueAmt>
        <EOYFMVAmt>11283</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>009126202 AIR LIQUIDE SA ADR C</StockNm>
        <EOYBookValueAmt>4627</EOYBookValueAmt>
        <EOYFMVAmt>8258</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>009279100 AIRBUS S.E. ADR CMN</StockNm>
        <EOYBookValueAmt>6034</EOYBookValueAmt>
        <EOYFMVAmt>10049</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>02364W105 AMERICA MOVIL SAB DE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>03524A108 ANHEUSER-BUSCH INBEV</StockNm>
        <EOYBookValueAmt>7373</EOYBookValueAmt>
        <EOYFMVAmt>8516</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G0403H108 AON PUBLIC LIMITED C</StockNm>
        <EOYBookValueAmt>2241</EOYBookValueAmt>
        <EOYFMVAmt>4863</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>043400100 ASHAI KASEI CORP ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9EQ2XFYN3 ASML HOLDING N.V. AD</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9EQ3YTMV5 ASSA ABLOY AB UNSPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>046353108 ASTRAZENECA PLC SPON</StockNm>
        <EOYBookValueAmt>8887</EOYBookValueAmt>
        <EOYFMVAmt>19639</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05946K101 BANCO BILBAO VIZCAYA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BGNE BEIGENE, LTD. SPONSORED A</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05565A202 BNP PARIBAS SPONSORE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>110448107 BRITISH AMERICAN TOB</StockNm>
        <EOYBookValueAmt>11050</EOYBookValueAmt>
        <EOYFMVAmt>10691</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13605WWF4 CANADIAN IMPERIAL BA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>136375102 CANADIAN NATIONAL RA</StockNm>
        <EOYBookValueAmt>3494</EOYBookValueAmt>
        <EOYFMVAmt>3358</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>142795202 CARLSBERG A/S SPONSO</StockNm>
        <EOYBookValueAmt>7377</EOYBookValueAmt>
        <EOYFMVAmt>9290</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>172967GF2 CITIGROUP INC. LINKE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23381D102 DAIICHI SANKYO CO LT</StockNm>
        <EOYBookValueAmt>5505</EOYBookValueAmt>
        <EOYFMVAmt>6191</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23381B106 DAIKIN INDUSTRIES, L</StockNm>
        <EOYBookValueAmt>4844</EOYBookValueAmt>
        <EOYFMVAmt>4829</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23636T100 DANONE SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>251542106 DEUTSCHE BOERSE AG U</StockNm>
        <EOYBookValueAmt>2353</EOYBookValueAmt>
        <EOYFMVAmt>3293</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>25243Q205 DIAGEO PLC SPON ADR</StockNm>
        <EOYBookValueAmt>1760</EOYBookValueAmt>
        <EOYFMVAmt>2273</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23328E106 DNB ASA SPONSORED AD</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>26251A108 DSV PANALPINA A/S UN</StockNm>
        <EOYBookValueAmt>1293</EOYBookValueAmt>
        <EOYFMVAmt>4214</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29250N105 ENBRIDGE INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29265W207 ENEL SOCIETA PER AZI</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29286D105 ENGIE SPONSORED ADR</StockNm>
        <EOYBookValueAmt>8727</EOYBookValueAmt>
        <EOYFMVAmt>9738</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>297284200 ESSILOR INTERNATIONA</StockNm>
        <EOYBookValueAmt>8415</EOYBookValueAmt>
        <EOYFMVAmt>11454</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PDYPY FLUTTER ENTERTAINMENT PU</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLPG GALAPAGOS NV SPONSORED AD</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GMAB GENMAB A/S SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GVDNY GIVAUDAN SA ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRFS GRIFOLS S A ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38148U692 GS FINANCIAL SQUARE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HDB HDFC BANK LIMITED SPONSORE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HESAY HERMES INTERNATIONAL UNS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HKXCY HONG KONG EXCHANGES &amp; CL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOCPY HOYA CORP SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HCM HUTCHISON CHINA MEDITECH L</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IBDRY IBERDROLA SOCIEDAD ANONI</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EEM ISHARES MSCI EMERGING MKTS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JMHLY JARDINE MATHESON HOLDING</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BPJMXE72 JPMORGAN CHASE &amp; CO.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PPRUY KERING ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KYCCF KEYENCE CORPORATION CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KKPNY KONINKLIJKE KPN N.V. SPO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PHG KONINKLIJKE PHILIPS N.V.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LRLCY L'OREAL CO (ADR) ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LNSTY LONDON STOCK EXCHANGE GR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LVMUY LVMH MOET HENNESSY LOUIS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MELI MERCADOLIBRE, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>61768DZQ1 MORGAN STANLEY FINAN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MRAAY MURATA MANUFACTURING CO.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NSRGY NESTLE SA SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NJDCY NIDEC CORPORATION SPONSO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NTTYY NIPPON TELEG &amp; TEL SPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NCLTY NITORI HOLDINGS CO., LTD</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NVS NOVARTIS AG-ADR SPONSORED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NVO NOVO-NORDISK A/S ADR ADR C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PDRDY PERNOD RICARD UNSPONSORR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROSY PROSUS NV SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RBGLY RECKITT BENCKISER GROUP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RCRUY RECRUIT HOLDINGS CO., LT</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RELX REED ELSEVIER PLC SPONSOR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SAFRY SAFRAN SA SPONSORED ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SAXPY SAMPO OYJ UNSPONSORED AD</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SAP SAP SE (SPON ADR)</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHECY SHIN-ETSU CHEMICAL CO.,</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SGIOY SHIONOGI &amp; CO., LTD. UNS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SMECF SMC CORP. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SFTBY SOFTBANK GRP CORP UNSPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SONVY SONOVA HOLDING AG (THE)</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SSHQX STATE STREET HEDGED INTE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SAUHY STRAUMANN HOLDING AG UNS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SZKMY SUZUKI MOTOR CORPORATION</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SVNLY SVENSKA HANDELSBANKEN AB</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TSM TAIWAN SEMICONDUCTOR MFG A</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TCEHY TENCENT HOLDINGS LIMITED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRUMY TERUMO CORPORATION ADR C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TFII TFI INTERNATIONAL INC CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>89114RDZ6 TORONTO DOMINION BAN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>204345102 TOTAL SE SPONSORED A</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>904990124 UNICHARM CORP. SPONS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>904767704 UNILEVER PLC (NEW) S</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>95001BBZ6 WELLS FARGO &amp; COMPAN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>98313R106 WYNN MACAU LTD ADR C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>091936450 BLACKROCK ADVANTAGE</StockNm>
        <EOYBookValueAmt>369581</EOYBookValueAmt>
        <EOYFMVAmt>388924</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>22551LUS7 CREDIT SUISSE AG LIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40438CHD6 HSBC USA INC. LINKED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40435U6Q2 HSBC USA INC. LINKED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>464287614 ISHARES RUSSELL 1000</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>464287598 ISHARES RUSSELL 1000</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BPJSPX52 JPMORGAN CHASE &amp; CO.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83369MXW7 SOCIETE GENERALE LIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78462F103 SPDR S&amp;P 500 ETF TRU</StockNm>
        <EOYBookValueAmt>2114719</EOYBookValueAmt>
        <EOYFMVAmt>4559225</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BPUSPX47 UBS AG LINKED TO S&amp;P</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00687A107 ADIDAS AG ADR CMN</StockNm>
        <EOYBookValueAmt>4411</EOYBookValueAmt>
        <EOYFMVAmt>4057</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>N07059210 ASML HOLDING N.V. AD</StockNm>
        <EOYBookValueAmt>4890</EOYBookValueAmt>
        <EOYFMVAmt>19426</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>045387107 ASSA ABLOY AB UNSPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G06242104 ATLASSIAN CORPORATIO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05590Y100 B&amp;M EUROPEAN VALUE R</StockNm>
        <EOYBookValueAmt>6141</EOYBookValueAmt>
        <EOYFMVAmt>6869</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>07725L102 BEIGENE, LTD. SPONSO</StockNm>
        <EOYBookValueAmt>3604</EOYBookValueAmt>
        <EOYFMVAmt>4677</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05600MT79 BNP PARIBAS LINKED T</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13605WN98 CANADIAN IMPERIAL BA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>172967KA8 CITIGROUP INC. LINKE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>204319107 COMPAGNIE FINANCIERE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23304Y100 DBS GROUP HOLDINGS S</StockNm>
        <EOYBookValueAmt>9593</EOYBookValueAmt>
        <EOYFMVAmt>11830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23341C103 DNB BANK ASA SPONSOR</StockNm>
        <EOYBookValueAmt>5447</EOYBookValueAmt>
        <EOYFMVAmt>6909</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29429L105 EPIROC AB ADR CMN</StockNm>
        <EOYBookValueAmt>9622</EOYBookValueAmt>
        <EOYFMVAmt>9324</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>344044102 FLUTTER ENTERTAINMEN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>372303206 GENMAB A/S SPONSORED</StockNm>
        <EOYBookValueAmt>5681</EOYBookValueAmt>
        <EOYFMVAmt>11710</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>37636P108 GIVAUDAN SA ADR CMN</StockNm>
        <EOYBookValueAmt>6735</EOYBookValueAmt>
        <EOYFMVAmt>9164</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>398438408 GRIFOLS S A ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38141W273 GS FINANCIAL SQUARE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40415F101 HDFC BANK LIMITED SP</StockNm>
        <EOYBookValueAmt>8028</EOYBookValueAmt>
        <EOYFMVAmt>9560</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>42751Q105 HERMES INTERNATIONAL</StockNm>
        <EOYBookValueAmt>1893</EOYBookValueAmt>
        <EOYFMVAmt>6410</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>43858F109 HONG KONG EXCHANGES</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>443251103 HOYA CORP SPONSORED</StockNm>
        <EOYBookValueAmt>1877</EOYBookValueAmt>
        <EOYFMVAmt>3286</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>44842L103 HUTCHMED (CHINA) LIM</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>450737101 IBERDROLA SOCIEDAD A</StockNm>
        <EOYBookValueAmt>1733</EOYBookValueAmt>
        <EOYFMVAmt>2513</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>455793109 INDUSTRIA DE DISENO</StockNm>
        <EOYBookValueAmt>6134</EOYBookValueAmt>
        <EOYFMVAmt>9883</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>456837103 ING GROEP N.V. SPONS</StockNm>
        <EOYBookValueAmt>1496</EOYBookValueAmt>
        <EOYFMVAmt>1634</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>464287234 ISHARES MSCI EMERGIN</StockNm>
        <EOYBookValueAmt>246612</EOYBookValueAmt>
        <EOYFMVAmt>252975</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>471115402 JARDINE MATHESON HOL</StockNm>
        <EOYBookValueAmt>2082</EOYBookValueAmt>
        <EOYFMVAmt>2395</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>48132PWN0 JPMORGAN CHASE &amp; CO.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>492089107 KERING ADR CMN</StockNm>
        <EOYBookValueAmt>5800</EOYBookValueAmt>
        <EOYFMVAmt>8505</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>J32491102 KEYENCE CORPORATION</StockNm>
        <EOYBookValueAmt>6332</EOYBookValueAmt>
        <EOYFMVAmt>11659</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>780641205 KONINKLIJKE KPN N.V.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>500472303 KONINKLIJKE PHILIPS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>502117203 L'OREAL CO (ADR) ADR</StockNm>
        <EOYBookValueAmt>6066</EOYBookValueAmt>
        <EOYFMVAmt>12489</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>53229C107 LIGHTSPEED COMM/SH C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>54211N101 LONDON STOCK EXCHANG</StockNm>
        <EOYBookValueAmt>9073</EOYBookValueAmt>
        <EOYFMVAmt>15763</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>502441306 LVMH MOET HENNESSY L</StockNm>
        <EOYBookValueAmt>5248</EOYBookValueAmt>
        <EOYFMVAmt>8495</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>58733R102 MERCADOLIBRE, INC. C</StockNm>
        <EOYBookValueAmt>1902</EOYBookValueAmt>
        <EOYFMVAmt>6339</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>626425102 MURATA MANUFACTURING</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>641069406 NESTLE SA SPONSORED</StockNm>
        <EOYBookValueAmt>6806</EOYBookValueAmt>
        <EOYFMVAmt>9866</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>64110W102 NETEASE INC SPONSORE</StockNm>
        <EOYBookValueAmt>3004</EOYBookValueAmt>
        <EOYFMVAmt>2504</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>653656108 NICE SYSTEMS LTD 1 A</StockNm>
        <EOYBookValueAmt>4181</EOYBookValueAmt>
        <EOYFMVAmt>2550</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>654090109 NIDEC CORPORATION SP</StockNm>
        <EOYBookValueAmt>2707</EOYBookValueAmt>
        <EOYFMVAmt>2740</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>654624105 NIPPON TELEG &amp; TEL S</StockNm>
        <EOYBookValueAmt>7804</EOYBookValueAmt>
        <EOYFMVAmt>8077</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>65479L108 NITORI HOLDINGS CO.,</StockNm>
        <EOYBookValueAmt>7988</EOYBookValueAmt>
        <EOYFMVAmt>4782</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>670100205 NOVO-NORDISK A/S ADR</StockNm>
        <EOYBookValueAmt>5702</EOYBookValueAmt>
        <EOYFMVAmt>25463</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>68750L102 ORSTED A/S ADR CMN</StockNm>
        <EOYBookValueAmt>3840</EOYBookValueAmt>
        <EOYFMVAmt>66336</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>714264207 PERNOD RICARD UNSPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>756255204 RECKITT BENCKISER GR</StockNm>
        <EOYBookValueAmt>7770</EOYBookValueAmt>
        <EOYFMVAmt>6733</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>75629J101 RECRUIT HOLDINGS CO.</StockNm>
        <EOYBookValueAmt>2948</EOYBookValueAmt>
        <EOYFMVAmt>3323</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>759530108 REED ELSEVIER PLC SP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>771195104 ROCHE HOLDING AG ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>786584102 SAFRAN SA SPONSORED</StockNm>
        <EOYBookValueAmt>10618</EOYBookValueAmt>
        <EOYFMVAmt>19593</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>803054204 SAP SE (SPON ADR)</StockNm>
        <EOYBookValueAmt>12475</EOYBookValueAmt>
        <EOYFMVAmt>15777</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>824551105 SHIN-ETSU CHEMICAL C</StockNm>
        <EOYBookValueAmt>6526</EOYBookValueAmt>
        <EOYFMVAmt>10274</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>824667109 SHIONOGI &amp; CO., LTD.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>J75734103 SMC CORPORATION CMN</StockNm>
        <EOYBookValueAmt>5932</EOYBookValueAmt>
        <EOYFMVAmt>9517</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83369MY30 SOCIETE GENERALE LIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83404D109 SOFTBANK GRP CORP UN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>85749T889 STATE STREET HEDGED</StockNm>
        <EOYBookValueAmt>553592</EOYBookValueAmt>
        <EOYFMVAmt>631364</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>861012102 STMICROELECTRONICS N</StockNm>
        <EOYBookValueAmt>6383</EOYBookValueAmt>
        <EOYFMVAmt>8244</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>86317T103 STRAUMANN HOLDING AG</StockNm>
        <EOYBookValueAmt>3856</EOYBookValueAmt>
        <EOYFMVAmt>6470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>874039100 TAIWAN SEMICONDUCTOR</StockNm>
        <EOYBookValueAmt>5131</EOYBookValueAmt>
        <EOYFMVAmt>13090</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>88032Q109 TENCENT HOLDINGS LIM</StockNm>
        <EOYBookValueAmt>8105</EOYBookValueAmt>
        <EOYFMVAmt>6646</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>88156J105 TERUMO CORPORATION A</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>87241L109 TFI INTERNATIONAL IN</StockNm>
        <EOYBookValueAmt>4121</EOYBookValueAmt>
        <EOYFMVAmt>10422</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>064159XL5 THE BANK OF NOVA SCO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>889110102 TOKYO ELECTRON LIMIT</StockNm>
        <EOYBookValueAmt>5490</EOYBookValueAmt>
        <EOYFMVAmt>5890</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>89151E109 TOTALENERGIES SE SPO</StockNm>
        <EOYBookValueAmt>13916</EOYBookValueAmt>
        <EOYFMVAmt>19303</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>90460M204 UNICHARM CORP. SPONS</StockNm>
        <EOYBookValueAmt>4081</EOYBookValueAmt>
        <EOYFMVAmt>5254</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>91912E105 VALE S.A. ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13605WN98A CANADIAN IMPERIAL B</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>22552XGE7 CREDIT SUISSE AG LIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38141W273A GS FINANCIAL SQUARE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40428HPB2 HSBC USA INC. LINKED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40433UTK2 HSBC USA INC. LINKED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>464287622 ISHARES RUSSELL 1000</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>48132PWN0A JPMORGAN CHASE &amp; CO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016ENX1 ROYAL BANK OF CANADA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016E4P9 ROYAL BANK OF CANADA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83369MY30A SOCIETE GENERALE LI</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>89114TKR2 TORONTO DOMINION BAN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>90261XHC9 UBS AG LINKED TO S&amp;P</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00783V104 ADYEN N.V. ADR CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9EQ2DLT99 AMADEUS IT GROUP SA</StockNm>
        <EOYBookValueAmt>5703</EOYBookValueAmt>
        <EOYFMVAmt>6065</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05601W3H2 BNP PARIBAS LINKED T</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05592Q4U6 BNP PARIBAS LINKED T</StockNm>
        <EOYBookValueAmt>112000</EOYBookValueAmt>
        <EOYFMVAmt>122786</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>17330PAW9 CITIGROUP INC. LINKE</StockNm>
        <EOYBookValueAmt>219000</EOYBookValueAmt>
        <EOYFMVAmt>218453</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>55715304 DANONE SPONSORED ADR</StockNm>
        <EOYBookValueAmt>6027</EOYBookValueAmt>
        <EOYFMVAmt>6330</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>359590304 FUJITSU LTD ADR (5 C</StockNm>
        <EOYBookValueAmt>3521</EOYBookValueAmt>
        <EOYFMVAmt>2949</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40439JU60 HSBC USA INC. LINKED</StockNm>
        <EOYBookValueAmt>152000</EOYBookValueAmt>
        <EOYFMVAmt>163993</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>40439JZ40 HSBC USA INC. LINKED</StockNm>
        <EOYBookValueAmt>75000</EOYBookValueAmt>
        <EOYFMVAmt>79943</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>45790H101 INPEX CORPORATION UN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>48133L4B5 JPMORGAN CHASE &amp; CO.</StockNm>
        <EOYBookValueAmt>143000</EOYBookValueAmt>
        <EOYFMVAmt>157372</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>48133MQU7 JPMORGAN CHASE &amp; CO.</StockNm>
        <EOYBookValueAmt>112000</EOYBookValueAmt>
        <EOYFMVAmt>123234</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>61773H6V6 MORGAN STANLEY FINAN</StockNm>
        <EOYBookValueAmt>157000</EOYBookValueAmt>
        <EOYFMVAmt>147109</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>61774HQC5 MORGAN STANLEY FINAN</StockNm>
        <EOYBookValueAmt>102000</EOYBookValueAmt>
        <EOYFMVAmt>112832</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>62473G102 MTU AERO ENGINES HOL</StockNm>
        <EOYBookValueAmt>4299</EOYBookValueAmt>
        <EOYFMVAmt>3910</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>654902204 NOKIA CORPORATION SP</StockNm>
        <EOYBookValueAmt>3924</EOYBookValueAmt>
        <EOYFMVAmt>2637</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>714264306 PERNOD RICARD SPONSO</StockNm>
        <EOYBookValueAmt>2149</EOYBookValueAmt>
        <EOYFMVAmt>2774</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9EQ53N5A2 RELX PLC SPONSORED A</StockNm>
        <EOYBookValueAmt>3753</EOYBookValueAmt>
        <EOYFMVAmt>6100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016F5G5 ROYAL BANK OF CANADA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016FST2 ROYAL BANK OF CANADA</StockNm>
        <EOYBookValueAmt>112000</EOYBookValueAmt>
        <EOYFMVAmt>123290</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>82674R103 SIKA AG ADR CMN</StockNm>
        <EOYBookValueAmt>10170</EOYBookValueAmt>
        <EOYFMVAmt>10294</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>833635105 SOCIEDAD QUIMICA MIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83369NM23 SOCIETE GENERALE LIN</StockNm>
        <EOYBookValueAmt>199000</EOYBookValueAmt>
        <EOYFMVAmt>220273</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>83369NK90 SOCIETE GENERALE LIN</StockNm>
        <EOYBookValueAmt>11000</EOYBookValueAmt>
        <EOYFMVAmt>10848</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>90279FBP5 UBS AG LINKED TO MSC</StockNm>
        <EOYBookValueAmt>147000</EOYBookValueAmt>
        <EOYFMVAmt>147573</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38141W273B1 GS FINANCIAL SQUAR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>48133P5J8 JPMORGAN CHASE &amp; CO.</StockNm>
        <EOYBookValueAmt>224000</EOYBookValueAmt>
        <EOYFMVAmt>246870</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016FG65 ROYAL BANK OF CANADA</StockNm>
        <EOYBookValueAmt>221000</EOYBookValueAmt>
        <EOYFMVAmt>232271</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13607XCN5 CANADIAN IMPERIAL BA</StockNm>
        <EOYBookValueAmt>205000</EOYBookValueAmt>
        <EOYFMVAmt>201479</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>064159MU7 THE BANK OF NOVA SCO</StockNm>
        <EOYBookValueAmt>124000</EOYBookValueAmt>
        <EOYFMVAmt>130919</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>90279FDT5 UBS AG LINKED TO S&amp;P</StockNm>
        <EOYBookValueAmt>107000</EOYBookValueAmt>
        <EOYFMVAmt>114362</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>06417YDA4 THE BANK OF NOVA SCO</StockNm>
        <EOYBookValueAmt>88000</EOYBookValueAmt>
        <EOYFMVAmt>95058</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05592QC45 BNP PARIBAS LINKED T</StockNm>
        <EOYBookValueAmt>85000</EOYBookValueAmt>
        <EOYFMVAmt>90109</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>4042Q1AE7 HSBC BANK PLC LINKED</StockNm>
        <EOYBookValueAmt>65000</EOYBookValueAmt>
        <EOYFMVAmt>65000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016ECV7 ROYAL BANK OF CANADA</StockNm>
        <EOYBookValueAmt>117000</EOYBookValueAmt>
        <EOYFMVAmt>115069</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05592QQX6 BNP PARIBAS LINKED T</StockNm>
        <EOYBookValueAmt>113000</EOYBookValueAmt>
        <EOYFMVAmt>112073</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78016HNQ9 ROYAL BANK OF CANADA</StockNm>
        <EOYBookValueAmt>37000</EOYBookValueAmt>
        <EOYFMVAmt>37159</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>911271302 UNITED OVERSEAS BK L</StockNm>
        <EOYBookValueAmt>7991</EOYBookValueAmt>
        <EOYFMVAmt>7225</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>65538C206 NOMURA RESEARCH INST</StockNm>
        <EOYBookValueAmt>7250</EOYBookValueAmt>
        <EOYFMVAmt>7096</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>82929R304 SINGAPORE TELECOMMUN</StockNm>
        <EOYBookValueAmt>6642</EOYBookValueAmt>
        <EOYFMVAmt>6773</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>54338V101 LONZA GROUP AG UNSPO</StockNm>
        <EOYBookValueAmt>7728</EOYBookValueAmt>
        <EOYFMVAmt>6188</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>55622104 BP P.L.C. SPONSORED A</StockNm>
        <EOYBookValueAmt>5388</EOYBookValueAmt>
        <EOYFMVAmt>5963</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>573810207 MARUBENI CORP (ADR)</StockNm>
        <EOYBookValueAmt>5374</EOYBookValueAmt>
        <EOYFMVAmt>4688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>023CNT017 AMERICA MOVIL, S.A.B</StockNm>
        <EOYBookValueAmt>3562</EOYBookValueAmt>
        <EOYFMVAmt>3360</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13961R100 CAP GEMINI ADR CMN</StockNm>
        <EOYBookValueAmt>3329</EOYBookValueAmt>
        <EOYFMVAmt>3160</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>433578507 HITACHI LTD (ADR 10</StockNm>
        <EOYBookValueAmt>2919</EOYBookValueAmt>
        <EOYFMVAmt>3108</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>98161H101 WORLDLINE SA ADR CMN</StockNm>
        <EOYBookValueAmt>3904</EOYBookValueAmt>
        <EOYFMVAmt>2469</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>82509L107 SHOPIFY INC. CMN CLA</StockNm>
        <EOYBookValueAmt>1611</EOYBookValueAmt>
        <EOYFMVAmt>2347</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule">
      <OtherDecreasesDetail>
        <Desc>COST BASIS ADJUSTMENT</Desc>
        <Amt>5153</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER CHARITABLE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1744</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1744</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>GSTC FIDUCIARY FEES</CategoryTxt>
        <Amt>46692</Amt>
        <DisbursementsCharitablePrpsAmt>46692</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>71808</Amt>
        <NetInvestmentIncomeAmt>71808</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>ESTIMATED TAXES PAID</CategoryTxt>
        <Amt>11000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD</CategoryTxt>
        <Amt>3438</Amt>
        <NetInvestmentIncomeAmt>3438</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>