﻿<?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>2023-11-06T01:00:36-06:00</ReturnTs>
    <TaxPeriodEndDt>2022-12-31</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>2022-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>770469217</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>WENDY P MCCAW FOUNDATION THE GOLDMAN SACHS</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WEND</BusinessNameControlTxt>
      <PhoneNum>8059658080</PhoneNum>
      <USAddress>
        <AddressLine1Txt>200 BELLEVUE PARKWAY SUITE 250</AddressLine1Txt>
        <CityNm>WILMINGTON</CityNm>
        <StateAbbreviationCd>DE</StateAbbreviationCd>
        <ZIPCd>198093747</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>WENDY MCCAW</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>8059658080</PhoneNum>
      <SignatureDt>2023-10-31</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>KELLY NEUGEBAUER</PreparerPersonNm>
      <PTIN>P01285591</PTIN>
      <PhoneNum>6142211000</PhoneNum>
      <PreparationDt>2023-10-31</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp />
    </AdditionalFilerInformation>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>30852987</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>711049</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>711015</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>110060</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>11428332</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>110060</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">1801</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>822910</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>821075</TotalNetInvstIncmAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>0</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsAdjNetIncmAmt>0</OthEmplSlrsWgsAdjNetIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>0</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftNetInvstIncmAmt>0</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftAdjNetIncmAmt>0</PensionEmplBnftAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">332259</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>226408</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>105851</OtherProfFeesDsbrsChrtblAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">21680</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1680</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">2001</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>2001</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>355940</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>228088</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>107852</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1650000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1650000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2005940</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>228088</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1757852</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-1183030</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>592987</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>105235</CashBOYAmt>
        <CashEOYAmt>22543</CashEOYAmt>
        <CashEOYFMVAmt>22543</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>1014222</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1051846</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1051846</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblEOYAmt>0</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>0</AcctRcvblEOYFMVAmt>
        <OtherRcvblAllwncDbtflAcctAmt>0</OtherRcvblAllwncDbtflAcctAmt>
        <CorporateStockBOYAmt>14638524</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">16635604</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>19101988</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>14744363</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">11621031</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>10676610</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsEOYFMVAmt>0</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>30502344</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>29331024</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>30852987</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>30502344</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>29331024</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>30502344</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>29331024</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>30502344</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>29331024</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>30502344</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-1183030</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">11710</OtherIncreasesAmt>
        <SubtotalAmt>29331024</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>29331024</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>. AT&amp;T INC.</PropertyDesc>
          <SoldDt>2022-11-17</SoldDt>
          <GrossSalesPriceAmt>10</GrossSalesPriceAmt>
          <GainOrLossAmt>10</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>.994 GOLDMAN SACHS &amp; CO</PropertyDesc>
          <AcquiredDt>2022-01-01</AcquiredDt>
          <SoldDt>2022-12-31</SoldDt>
          <GrossSalesPriceAmt>3061803</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3656409</CostOrOtherBasisAmt>
          <GainOrLossAmt>-594606</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-594606</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>.006 GOLDMAN SACHS &amp; CO</PropertyDesc>
          <AcquiredDt>2022-01-01</AcquiredDt>
          <SoldDt>2022-12-31</SoldDt>
          <GrossSalesPriceAmt>18478</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>22066</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3588</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3588</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1. GOLDMAN SACHS &amp; CO</PropertyDesc>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2022-12-31</SoldDt>
          <GrossSalesPriceAmt>8141186</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7661863</CostOrOtherBasisAmt>
          <GainOrLossAmt>479323</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>479323</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>225333</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>225333</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>225333</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>225333</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>110060</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8243</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>8243</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>8243</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>13121</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>9000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>22121</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>13878</OverpaymentAmt>
        <AppliedToESTaxAmt>13878</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>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>WENDY MCCAW</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8059658080</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 22458</AddressLine1Txt>
          <CityNm>SANTA BARBARA</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>93102</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>WENDY MCCAW</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 22458</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93102</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>6</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>32126961</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1422068</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>33549029</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>33549029</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>503235</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>33045794</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1652290</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1652290</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8243</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>8243</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1644047</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1644047</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1644047</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1757852</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>1757852</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1644047</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1044801</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>0</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>0</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>0</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>0</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1757852</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1044801</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>713051</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>930996</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>0</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>0</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>0</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>0</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>0</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>WENDY P MCCAW</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 22458</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93102</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>8059658080</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>GRANT APPLICATIONS SHOULD INCLUDE THE ORGANIZATION'S MISSION STATEMENT, A COPY OF THE LETTER GRANTING 501(C)(3) STATUS, BASIC FINANCIAL STATEMENTS AND A COPY OF THE LAST FILED FEDERAL TAX RETURN.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>REQUESTS ARE GENERALLY REQUIRED BY OCTOBER 31.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>AWARDS ARE RESTRICTED TO THE USE SET FORTH IN THE GRANT REQUEST. IN THE EVENT THAT THE GRANT CANNOT BE USED FOR THE EXPECTED PURPOSE, THE GRANT MUST BE RETURNED.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILDCARE EASTERN SIERRA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 368</AddressLine1Txt>
            <CityNm>BISHOP</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95515</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILDLIFE CARE OF SOCAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 941476</AddressLine1Txt>
            <CityNm>SIMI VALLEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WORKING CIRCLE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 39</AddressLine1Txt>
            <CityNm>Indian Hills</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80451</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RESOCATSINC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3852</AddressLine1Txt>
            <CityNm>Santa Barbara</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93130</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LIONS TIGERS AND BEARS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>24402 MARTIN WAY</AddressLine1Txt>
            <CityNm>Alpine</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUNG AMERICA'S FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11480 COMMERCE PARK DR NO 600</AddressLine1Txt>
            <CityNm>RESTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>201911556</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ANIMAL RESCUE AID CORPORATION</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>C/O TRACEY ROBINSON</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3313 LATHENVIEW CT</AddressLine1Txt>
            <CityNm>ALPHARETTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CAT TOWN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 18675</AddressLine1Txt>
            <CityNm>Oakland</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94619</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TOUCHED BY AN ANIMAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 59067</AddressLine1Txt>
            <CityNm>Chicago</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60659</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DONKEYLAND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9572 PEBBLE BROOK DR</AddressLine1Txt>
            <CityNm>MORENO VALLY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92557</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEAR LEAGUE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 393</AddressLine1Txt>
            <CityNm>HOMEWOOD</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>96141</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TVSB (AnimalZone)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>329 S SALINAS ST</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHYSICIANS COMMITTEE FOR RESPONSIBLE MED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5100 WISCONSIN AVE NW STE 400</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE WHALE SANCTUARY PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>700 13 TH ST NW STE 600</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20005</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEMPERVIRENS FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>419 SOUTH SAN ANTONIR ROAD NO 211</AddressLine1Txt>
            <CityNm>LOS ALTOS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>940223640</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VENTANA WILDLIFE SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9699 BLUE LARKSPUR LN STE 105</AddressLine1Txt>
            <CityNm>Monterey</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93940</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA BOWL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1122 N MILPAS STREET</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>931039906</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>120000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA WILDLIFE CARE NETWORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1460 N FAIRVIEW AVE</AddressLine1Txt>
            <CityNm>Goleta</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93117</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1650000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>711049</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>110060</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>DEFERRED INCOME</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1801</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>822910</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>822910</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>91282CAP6 U.S. TREASURY NOTE 0</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828WJ5 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>108114</EOYBookValueAmt>
        <EOYFMVAmt>105206</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828YB0 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828YG9 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>037833AK6 APPLE INC. 2.4% 05/0</BondNm>
        <EOYBookValueAmt>124763</EOYBookValueAmt>
        <EOYFMVAmt>124482</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>045167DX8 ASIA MTN 2.0% 02/16/</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>045167EJ8 ASIAN DEVELOPMENT BA</BondNm>
        <EOYBookValueAmt>272201</EOYBookValueAmt>
        <EOYFMVAmt>261621</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>053015AF0 AUTOMATIC DATA PROCE</BondNm>
        <EOYBookValueAmt>134657</EOYBookValueAmt>
        <EOYFMVAmt>106409</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05348EAV1 AVALONBAY COMMUNITIE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05348EAW9 AVALONBAY COMMUNITIE</BondNm>
        <EOYBookValueAmt>132980</EOYBookValueAmt>
        <EOYFMVAmt>128798</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>06051GHG7 BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>187000</EOYBookValueAmt>
        <EOYFMVAmt>175236</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>06051GGA1 BANK OF AMERICA CORP</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>22160KAQ8 COSTCO WHOLESALE COR</BondNm>
        <EOYBookValueAmt>144703</EOYBookValueAmt>
        <EOYFMVAmt>115700</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>126650CL2 CVS HEALTH CORPORATI</BondNm>
        <EOYBookValueAmt>100478</EOYBookValueAmt>
        <EOYFMVAmt>98395</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>25466AAQ4 DISCOVER BANK 2.45%</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>26444HAC5 DUKE ENERGY FLORIDA,</BondNm>
        <EOYBookValueAmt>102938</EOYBookValueAmt>
        <EOYFMVAmt>98974</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>29736RAH3 ESTEE LAUDER CO INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>3133EJCE7 FEDERAL FARM CREDIT</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>3130AEB25 FEDERAL HOME LOAN BA</BondNm>
        <EOYBookValueAmt>356336</EOYBookValueAmt>
        <EOYFMVAmt>337290</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>3130A2VE3 FEDERAL HOME LOAN BA</BondNm>
        <EOYBookValueAmt>431502</EOYBookValueAmt>
        <EOYFMVAmt>410659</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>369550AW8 GENERAL DYNAMICS COR</BondNm>
        <EOYBookValueAmt>54624</EOYBookValueAmt>
        <EOYFMVAmt>54309</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>4581X0CN6 IADB MTN 1.75% 04/14</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>45866FAD6 INTERCONTINENTAL EXC</BondNm>
        <EOYBookValueAmt>99983</EOYBookValueAmt>
        <EOYFMVAmt>97769</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>45950VLH7 INTL FINANCE CORP MT</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>46647PBE5 JPMORGAN CHASE &amp; CO.</BondNm>
        <EOYBookValueAmt>20300</EOYBookValueAmt>
        <EOYFMVAmt>16933</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>49326EEG4 KEYCORP MTN 4.1% 04/</BondNm>
        <EOYBookValueAmt>133771</EOYBookValueAmt>
        <EOYFMVAmt>128872</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>500769FH2 KFW NEW ISSUE SR LIE</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>539830BH1 LOCKHEED MARTIN CORP</BondNm>
        <EOYBookValueAmt>67475</EOYBookValueAmt>
        <EOYFMVAmt>67234</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>548661DM6 LOWE'S COMPANIES, IN</BondNm>
        <EOYBookValueAmt>132477</EOYBookValueAmt>
        <EOYFMVAmt>128560</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>594918BY9 MICROSOFT CORPORATIO</BondNm>
        <EOYBookValueAmt>149468</EOYBookValueAmt>
        <EOYFMVAmt>146705</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>61746BDZ6 MORGAN STANLEY MTN 3</BondNm>
        <EOYBookValueAmt>151691</EOYBookValueAmt>
        <EOYFMVAmt>147595</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>655844CE6 NORFOLK SOUTHERN COR</BondNm>
        <EOYBookValueAmt>87684</EOYBookValueAmt>
        <EOYFMVAmt>75961</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>666807BN1 NORTHROP GRUMMAN COR</BondNm>
        <EOYBookValueAmt>115939</EOYBookValueAmt>
        <EOYFMVAmt>108907</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>68217FAA0 OMNICOM GROUP INC. 3</BondNm>
        <EOYBookValueAmt>76928</EOYBookValueAmt>
        <EOYFMVAmt>74571</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>740189AG0 PRECISION CASTPARTS</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>74432QCG8 PRUDENTIAL FINANCIAL</BondNm>
        <EOYBookValueAmt>159598</EOYBookValueAmt>
        <EOYFMVAmt>134007</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>760759AU4 REPUBLIC SERVICES IN</BondNm>
        <EOYBookValueAmt>51197</EOYBookValueAmt>
        <EOYFMVAmt>49376</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>84756NAF6 SPECTRA ENERGY PARTN</BondNm>
        <EOYBookValueAmt>113922</EOYBookValueAmt>
        <EOYFMVAmt>111737</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>855244AK5 STARBUCKS CORP 2.45%</BondNm>
        <EOYBookValueAmt>113372</EOYBookValueAmt>
        <EOYFMVAmt>104946</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>87165BAD5 SYNCHRONY FINANCIAL</BondNm>
        <EOYBookValueAmt>74855</EOYBookValueAmt>
        <EOYFMVAmt>74514</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>87236YAD0 TD AMERITRADE HOLDIN</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>808513AL9 THE CHARLES SCHWAB C</BondNm>
        <EOYBookValueAmt>73689</EOYBookValueAmt>
        <EOYFMVAmt>71824</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828J27 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>246074</EOYBookValueAmt>
        <EOYFMVAmt>239908</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128287A2 U.S. TREASURY NOTE 1</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128283F5 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>222192</EOYBookValueAmt>
        <EOYFMVAmt>208333</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>9128282N9 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>717353</EOYBookValueAmt>
        <EOYFMVAmt>704046</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>904764BK2 UNILEVER CAPITAL COR</BondNm>
        <EOYBookValueAmt>194873</EOYBookValueAmt>
        <EOYFMVAmt>153605</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>92343VBJ2 VERIZON COMMUNICATIO</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>931142DV2 WAL-MART STORES INC</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>983919AH4 XILINX, INC. 3.0% 03</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>31420B300 FEDERATED HERMES INS</BondNm>
        <EOYBookValueAmt>2338840</EOYBookValueAmt>
        <EOYFMVAmt>2057170</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>00914AAJ1 AIR LEASE CORP MTN 2</BondNm>
        <EOYBookValueAmt>101213</EOYBookValueAmt>
        <EOYFMVAmt>92059</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>00206RGQ9 AT&amp;T INC. 4.3% 02/15</BondNm>
        <EOYBookValueAmt>96142</EOYBookValueAmt>
        <EOYFMVAmt>81680</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05526DBN4 B.A.T. CAPITAL CORPO</BondNm>
        <EOYBookValueAmt>91329</EOYBookValueAmt>
        <EOYFMVAmt>74393</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>05964HAM7 BANCO SANTANDER SA 2</BondNm>
        <EOYBookValueAmt>206597</EOYBookValueAmt>
        <EOYFMVAmt>161102</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>11135FBA8 BROADCOM INC. 4.75%</BondNm>
        <EOYBookValueAmt>69426</EOYBookValueAmt>
        <EOYFMVAmt>59798</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>808513BV6 CHARLES SCHWAB CORP</BondNm>
        <EOYBookValueAmt>99949</EOYBookValueAmt>
        <EOYFMVAmt>98327</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>89352HAMTRANS-CANADA PIPELINES</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CBL4 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>139469</EOYBookValueAmt>
        <EOYFMVAmt>119172</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828ZQ6U.S. TREASURY NOTE 0.</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CAE1 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>98889</EOYBookValueAmt>
        <EOYFMVAmt>83145</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828UN8 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828YS3 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>46364</EOYBookValueAmt>
        <EOYFMVAmt>40305</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828Z94 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>339358</EOYBookValueAmt>
        <EOYFMVAmt>283840</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CAV3 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>295802</EOYBookValueAmt>
        <EOYFMVAmt>244885</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>037833EB2 APPLE INC. 0.7% 02/0</BondNm>
        <EOYBookValueAmt>94786</EOYBookValueAmt>
        <EOYFMVAmt>84673</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828J27 U.S. TREASURY NOTE 2</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CCP4 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>411532</EOYBookValueAmt>
        <EOYFMVAmt>397515</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912828V98 U.S. TREASURY NOTE 2</BondNm>
        <EOYBookValueAmt>355586</EOYBookValueAmt>
        <EOYFMVAmt>343252</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CDY4 U.S. TREASURY NOTE 1</BondNm>
        <EOYBookValueAmt>356735</EOYBookValueAmt>
        <EOYFMVAmt>339076</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91282CAH4 U.S. TREASURY NOTE 0</BondNm>
        <EOYBookValueAmt>288915</EOYBookValueAmt>
        <EOYFMVAmt>275923</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>857477BG7 STATE STREET CORPORA</BondNm>
        <EOYBookValueAmt>146725</EOYBookValueAmt>
        <EOYFMVAmt>139472</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>91159HHW3 U.S. BANCORP MTN 3.0</BondNm>
        <EOYBookValueAmt>144470</EOYBookValueAmt>
        <EOYFMVAmt>138384</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>254687FL5 WALT DISNEY COMPANY</BondNm>
        <EOYBookValueAmt>125700</EOYBookValueAmt>
        <EOYFMVAmt>119483</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>961214EF6 WESTPAC BANKING CORP</BondNm>
        <EOYBookValueAmt>96517</EOYBookValueAmt>
        <EOYFMVAmt>101707</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>260543CK7 DOW CHEMICAL CO/THE</BondNm>
        <EOYBookValueAmt>106702</EOYBookValueAmt>
        <EOYFMVAmt>101025</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>026874DC8 AMERICAN INTERNATION</BondNm>
        <EOYBookValueAmt>103739</EOYBookValueAmt>
        <EOYFMVAmt>98591</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>89352HAM1 TRANS-CANADA PIPELIN</BondNm>
        <EOYBookValueAmt>116159</EOYBookValueAmt>
        <EOYFMVAmt>92106</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>31428XBA3 FEDEX CORPORATION 3.</BondNm>
        <EOYBookValueAmt>77393</EOYBookValueAmt>
        <EOYFMVAmt>71381</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>912796YH6 U.S. TREASURY BILL D</BondNm>
        <EOYBookValueAmt>57804</EOYBookValueAmt>
        <EOYFMVAmt>58198</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>92343VCQ5 VERIZON COMMUNICATIO</BondNm>
        <EOYBookValueAmt>61753</EOYBookValueAmt>
        <EOYFMVAmt>57466</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule">
      <InvestmentsCorporateStockGrp>
        <StockNm>256206103 DODGE &amp; COX INTERNAT</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00770G847 JOHCM INTERNATIONAL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>857492417 STATE STREET HEDGED</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>74144Q203 T. ROWE PRICE FUNDS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>005098108 ACUSHNET HOLDINGS CO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00724F101 ADOBE INC CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>02079K305 ALPHABET INC. CMN C</StockNm>
        <EOYBookValueAmt>142472</EOYBookValueAmt>
        <EOYFMVAmt>398447</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>25816109 AMERICAN EXPRESS CO.</StockNm>
        <EOYBookValueAmt>171170</EOYBookValueAmt>
        <EOYFMVAmt>226649</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>03027X100 AMERICAN TOWER CORPO</StockNm>
        <EOYBookValueAmt>368354</EOYBookValueAmt>
        <EOYFMVAmt>331868</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>30420103 AMERICAN WATER WORKS</StockNm>
        <EOYBookValueAmt>203939</EOYBookValueAmt>
        <EOYFMVAmt>288683</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>37833100 APPLE INC. CMN</StockNm>
        <EOYBookValueAmt>249612</EOYBookValueAmt>
        <EOYFMVAmt>683952</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G6095L109 APTIV PLC CMN</StockNm>
        <EOYBookValueAmt>208222</EOYBookValueAmt>
        <EOYFMVAmt>249868</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>046353108 ASTRAZENECA PLC SPON</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>05478C105 AZEK COMPANY INC. (T</StockNm>
        <EOYBookValueAmt>34215</EOYBookValueAmt>
        <EOYFMVAmt>31130</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>58498106 BALL CORPORATION CMN</StockNm>
        <EOYBookValueAmt>345547</EOYBookValueAmt>
        <EOYFMVAmt>260200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>073685109 BEACON ROOFING SUPPL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>09247X101 BLACKROCK, INC. CMN</StockNm>
        <EOYBookValueAmt>178192</EOYBookValueAmt>
        <EOYFMVAmt>224636</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>09739C102 BOINGO WIRELESS, INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>114340102 BROOKS AUTOMATION, I</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>130788102 CALIFORNIA WATER SER</StockNm>
        <EOYBookValueAmt>30558</EOYBookValueAmt>
        <EOYFMVAmt>38143</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G1890L107 CAPRI HOLDINGS LIMIT</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>124805102 CBIZ, INC. CMN</StockNm>
        <EOYBookValueAmt>24879</EOYBookValueAmt>
        <EOYFMVAmt>64372</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>15118V207 CELSIUS HOLDINGS, IN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>154760409 CENTRAL PACIFIC FINA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>156727109 CERENCE, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>163072101 CHEESECAKE FACTORY I</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>12545M207 CHR. HANSEN HOLDING</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>17275R102 CISCO SYSTEMS, INC.</StockNm>
        <EOYBookValueAmt>286192</EOYBookValueAmt>
        <EOYFMVAmt>351393</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>12572Q105 CME GROUP INC. CMN C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>197236102 COLUMBIA BANKING SYS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>20030N101 COMCAST CORPORATION</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>225447101 CREE, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>126650100 CVS HEALTH CORP CMN</StockNm>
        <EOYBookValueAmt>237843</EOYBookValueAmt>
        <EOYFMVAmt>332688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>235851102 DANAHER CORPORATION</StockNm>
        <EOYBookValueAmt>188637</EOYBookValueAmt>
        <EOYFMVAmt>368750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>244199105 DEERE &amp; COMPANY CMN</StockNm>
        <EOYBookValueAmt>114996</EOYBookValueAmt>
        <EOYFMVAmt>224869</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>249906108 DESCARTES SYSTEMS GR</StockNm>
        <EOYBookValueAmt>15380</EOYBookValueAmt>
        <EOYFMVAmt>48755</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G29183103 EATON CORP PLC CMN</StockNm>
        <EOYBookValueAmt>206801</EOYBookValueAmt>
        <EOYFMVAmt>313586</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>278865100 ECOLAB INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>292562105 ENCORE WIRE CORP CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29444U700 EQUINIX, INC. REIT</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29977A105 EVERCORE INC CMN CLA</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>33616C100 FIRST REPUBLIC BANK</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>369604103 GENERAL ELECTRIC CO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38267D109 GOOSEHEAD INSURANCE,</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>404030108 H&amp;E EQUIPMENT SERVIC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>427096508 HERCULES CAPITAL INC</StockNm>
        <EOYBookValueAmt>18122</EOYBookValueAmt>
        <EOYFMVAmt>16961</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>43283X105 HILTON GRAND VACATIO</StockNm>
        <EOYBookValueAmt>25157</EOYBookValueAmt>
        <EOYFMVAmt>41161</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>443320106 HUB GROUP, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>444859102 HUMANA INC. CMN</StockNm>
        <EOYBookValueAmt>223657</EOYBookValueAmt>
        <EOYFMVAmt>310864</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>458334109 INTER PARFUMS, INC.</StockNm>
        <EOYBookValueAmt>26941</EOYBookValueAmt>
        <EOYFMVAmt>62159</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>46625H100 JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>282530</EOYBookValueAmt>
        <EOYFMVAmt>466534</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>497266106 KIRBY CORPORATION CM</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>49926D109 KNOWLES CORPORATION</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>50077B207 KRATOS DEFENSE &amp; SEC</StockNm>
        <EOYBookValueAmt>22583</EOYBookValueAmt>
        <EOYFMVAmt>20764</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>535919401 LIONS GATE ENTERTAIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>53814L108 LIVENT CORPORATION C</StockNm>
        <EOYBookValueAmt>28183</EOYBookValueAmt>
        <EOYFMVAmt>41687</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>538146101 LIVEPERSON, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>548661107 LOWES COMPANIES INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>566324109 MARCUS &amp; MILLICHAP,</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>573075108 MARTEN TRANSPORT LTD</StockNm>
        <EOYBookValueAmt>14163</EOYBookValueAmt>
        <EOYFMVAmt>30006</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G5876H105 MARVELL TECHNOLOGY G</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>576690101 MATERION CORPORATION</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>580135101 MC DONALDS CORP CMN</StockNm>
        <EOYBookValueAmt>202385</EOYBookValueAmt>
        <EOYFMVAmt>298579</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>584021109 MEDALLIA, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>59151K108 METHANEX CORPORATION</StockNm>
        <EOYBookValueAmt>16901</EOYBookValueAmt>
        <EOYFMVAmt>31343</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>594918104 MICROSOFT CORPORATIO</StockNm>
        <EOYBookValueAmt>310446</EOYBookValueAmt>
        <EOYFMVAmt>860954</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>609720107 MONMOUTH REAL ESTATE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>633707104 NATIONAL BANK HOLDIN</StockNm>
        <EOYBookValueAmt>32819</EOYBookValueAmt>
        <EOYFMVAmt>38073</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>65339F101 NEXTERA ENERGY, INC.</StockNm>
        <EOYBookValueAmt>206897</EOYBookValueAmt>
        <EOYFMVAmt>423100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>654106103 NIKE CLASS-B CMN CLA</StockNm>
        <EOYBookValueAmt>144340</EOYBookValueAmt>
        <EOYFMVAmt>263624</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>67066G104 NVIDIA CORPORATION C</StockNm>
        <EOYBookValueAmt>216389</EOYBookValueAmt>
        <EOYFMVAmt>244200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>680665205 OLIN CORPORATION CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>698813102 PAPA JOHN'S INTERNAT</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>742718109 PROCTER &amp; GAMBLE COM</StockNm>
        <EOYBookValueAmt>318239</EOYBookValueAmt>
        <EOYFMVAmt>457408</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>76131N101 RETAIL OPPORTUNITY I</StockNm>
        <EOYBookValueAmt>33143</EOYBookValueAmt>
        <EOYFMVAmt>36207</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>773903109 ROCKWELL AUTOMATION</StockNm>
        <EOYBookValueAmt>236156</EOYBookValueAmt>
        <EOYFMVAmt>329947</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>778296103 ROSS STORES,INC CMN</StockNm>
        <EOYBookValueAmt>209838</EOYBookValueAmt>
        <EOYFMVAmt>286925</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>78709Y105 SAIA, INC. CMN</StockNm>
        <EOYBookValueAmt>19735</EOYBookValueAmt>
        <EOYFMVAmt>42355</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G81276100 SIGNET JEWELERS LIMI</StockNm>
        <EOYBookValueAmt>5656</EOYBookValueAmt>
        <EOYFMVAmt>15572</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>82982L103 SITEONE LANDSCAPE SU</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>830879102 SKYWEST, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>85209W109 SPROUT SOCIAL, INC.</StockNm>
        <EOYBookValueAmt>31742</EOYBookValueAmt>
        <EOYFMVAmt>33086</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>88146M101 TERRENO REALTY CORPO</StockNm>
        <EOYBookValueAmt>28612</EOYBookValueAmt>
        <EOYFMVAmt>37970</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>88160R101 TESLA, INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>882508104 TEXAS INSTRUMENTS IN</StockNm>
        <EOYBookValueAmt>141919</EOYBookValueAmt>
        <EOYFMVAmt>232134</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>89055F103 TOPBUILD CORP. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>89854H102 TTEC HOLDINGS, INC.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>90337L108 U.S. PHYSICAL THERAP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>907818108 UNION PACIFIC CORP.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>92343V104 VERIZON COMMUNICATIO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>925815102 VICOR CORPORATION CM</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>92826C839 VISA INC. CMN CLASS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>92839U206 VISTEON CORPORATION</StockNm>
        <EOYBookValueAmt>37477</EOYBookValueAmt>
        <EOYFMVAmt>62929</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>254687106 WALT DISNEY COMPANY</StockNm>
        <EOYBookValueAmt>230488</EOYBookValueAmt>
        <EOYFMVAmt>176540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>98262P101 WEIGHT WATCHERS INTE</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>98138H101 WORKDAY, INC. CMN CL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38150B855 GS EMERGING MARKETS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00827B106 AFFIRM HOLDINGS, INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00206R102 AT&amp;T INC. CMN</StockNm>
        <EOYBookValueAmt>379316</EOYBookValueAmt>
        <EOYFMVAmt>335817</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>236272100 DANIMER SCIENTIFIC I</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29786A106 ETSY, INC. CMN</StockNm>
        <EOYBookValueAmt>236811</EOYBookValueAmt>
        <EOYFMVAmt>160146</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>579780206 MCCORMICK &amp; CO NON V</StockNm>
        <EOYBookValueAmt>259884</EOYBookValueAmt>
        <EOYFMVAmt>241845</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>617446448 MORGAN STANLEY CMN</StockNm>
        <EOYBookValueAmt>263800</EOYBookValueAmt>
        <EOYFMVAmt>301991</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>650111107 NEW YORK TIMES CO.A</StockNm>
        <EOYBookValueAmt>233875</EOYBookValueAmt>
        <EOYFMVAmt>178822</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>977852102 WOLFSPEED, INC. CMN</StockNm>
        <EOYBookValueAmt>124769</EOYBookValueAmt>
        <EOYFMVAmt>96587</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9EQ55DXP8 LINDE PLC CMN (LIN)</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>00847J105 AGILYSYS, INC. CMN</StockNm>
        <EOYBookValueAmt>30377</EOYBookValueAmt>
        <EOYFMVAmt>59197</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>011311107 ALAMO GROUP INC. CMN</StockNm>
        <EOYBookValueAmt>46464</EOYBookValueAmt>
        <EOYFMVAmt>45170</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>39653100 ARCOSA INC CMN</StockNm>
        <EOYBookValueAmt>23555</EOYBookValueAmt>
        <EOYFMVAmt>22660</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>77454106 BELDEN INC CMN</StockNm>
        <EOYBookValueAmt>33580</EOYBookValueAmt>
        <EOYFMVAmt>43818</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>168905107 CHILDREN'S PLACE INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>267475101 DYCOM INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>35117</EOYBookValueAmt>
        <EOYFMVAmt>35381</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>343412102 FLUOR CORPORATION CM</StockNm>
        <EOYBookValueAmt>22986</EOYBookValueAmt>
        <EOYFMVAmt>34972</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>39304D102 GREEN DOT CORPORATIO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>39813G109 GRID DYNAMICS HOLDIN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>405217100 HAIN CELESTIAL GROUP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>423452101 HELMERICH &amp; PAYNE IN</StockNm>
        <EOYBookValueAmt>57336</EOYBookValueAmt>
        <EOYFMVAmt>80155</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>426927109 HERITAGE COMMERCE CO</StockNm>
        <EOYBookValueAmt>34370</EOYBookValueAmt>
        <EOYFMVAmt>38519</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>58502B106 MEDNAX INC CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>615111101 MONTROSE ENVIRONMENT</StockNm>
        <EOYBookValueAmt>45332</EOYBookValueAmt>
        <EOYFMVAmt>39374</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>698884103 PAR TECHNOLOGY CORPO</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>75321W103 RANPAK HOLDINGS CORP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>92858V101 VIZIO HOLDING CORP C</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>024013104 AMERICAN ASSETS TRUS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G9087Q102 TRONOX HOLDINGS PLC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>91336L107 UNIVAR SOLUTIONS INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>23291C103 DMC GLOBAL INC. CMN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G5494J103 LINDE PLC CMN</StockNm>
        <EOYBookValueAmt>280889</EOYBookValueAmt>
        <EOYFMVAmt>349339</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>369604301 GENERAL ELECTRIC COM</StockNm>
        <EOYBookValueAmt>281819</EOYBookValueAmt>
        <EOYFMVAmt>307467</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>98419M100 XYLEM INC. CMN</StockNm>
        <EOYBookValueAmt>252209</EOYBookValueAmt>
        <EOYFMVAmt>298871</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>216648402 COOPER COMPANIES INC</StockNm>
        <EOYBookValueAmt>260634</EOYBookValueAmt>
        <EOYFMVAmt>218573</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>679580100 OLD DOMINION FREIGHT</StockNm>
        <EOYBookValueAmt>203687</EOYBookValueAmt>
        <EOYFMVAmt>215957</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>37045V100 GENERAL MOTORS COMPA</StockNm>
        <EOYBookValueAmt>339074</EOYBookValueAmt>
        <EOYFMVAmt>195146</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>70450Y103 PAYPAL HOLDINGS, INC</StockNm>
        <EOYBookValueAmt>178251</EOYBookValueAmt>
        <EOYFMVAmt>156114</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>252131107 DEXCOM, INC. CMN</StockNm>
        <EOYBookValueAmt>63004</EOYBookValueAmt>
        <EOYFMVAmt>90479</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>29355A107 ENPHASE ENERGY, INC.</StockNm>
        <EOYBookValueAmt>44756</EOYBookValueAmt>
        <EOYFMVAmt>78428</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>573874104 MARVELL TECHNOLOGY,</StockNm>
        <EOYBookValueAmt>32329</EOYBookValueAmt>
        <EOYFMVAmt>64857</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>147448104 CASELLA WASTE SYSTEM</StockNm>
        <EOYBookValueAmt>44293</EOYBookValueAmt>
        <EOYFMVAmt>43541</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>42226A107 HEALTHEQUITY, INC. C</StockNm>
        <EOYBookValueAmt>39575</EOYBookValueAmt>
        <EOYFMVAmt>42162</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G87110105 TECHNIPFMC PLC CMN</StockNm>
        <EOYBookValueAmt>27998</EOYBookValueAmt>
        <EOYFMVAmt>41202</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>358039105 FRESHPET, INC. CMN</StockNm>
        <EOYBookValueAmt>34211</EOYBookValueAmt>
        <EOYFMVAmt>35831</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>736508847 PORTLAND GENERAL ELE</StockNm>
        <EOYBookValueAmt>31938</EOYBookValueAmt>
        <EOYFMVAmt>33776</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>144285103 CARPENTER TECHNOLOGY</StockNm>
        <EOYBookValueAmt>33633</EOYBookValueAmt>
        <EOYFMVAmt>33209</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>338307101 FIVE9, INC. CMN</StockNm>
        <EOYBookValueAmt>29919</EOYBookValueAmt>
        <EOYFMVAmt>33048</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>875465106 TANGER FACTORY OUTLE</StockNm>
        <EOYBookValueAmt>30738</EOYBookValueAmt>
        <EOYFMVAmt>32633</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>70435P102 PAYCOR HCM, INC. CMN</StockNm>
        <EOYBookValueAmt>34972</EOYBookValueAmt>
        <EOYFMVAmt>32398</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>88224Q107 TEXAS CAPITAL BANCSH</StockNm>
        <EOYBookValueAmt>30789</EOYBookValueAmt>
        <EOYFMVAmt>31904</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>27627N105 EASTERN BANKSHARES I</StockNm>
        <EOYBookValueAmt>37297</EOYBookValueAmt>
        <EOYFMVAmt>31585</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>25862V105 DOUBLEVERIFY HOLDING</StockNm>
        <EOYBookValueAmt>29657</EOYBookValueAmt>
        <EOYFMVAmt>28812</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>012348108 ALBANY INTERNATIONAL</StockNm>
        <EOYBookValueAmt>23263</EOYBookValueAmt>
        <EOYFMVAmt>27774</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>G65431127 NOBLE CORPORATION PL</StockNm>
        <EOYBookValueAmt>23958</EOYBookValueAmt>
        <EOYFMVAmt>24097</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>44925C103 ICF INTERNATIONAL IN</StockNm>
        <EOYBookValueAmt>26742</EOYBookValueAmt>
        <EOYFMVAmt>23905</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13100M509 CALIX, INC. CMN</StockNm>
        <EOYBookValueAmt>23519</EOYBookValueAmt>
        <EOYFMVAmt>23814</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>33768G107 FIRSTCASH HLDGS INC</StockNm>
        <EOYBookValueAmt>22458</EOYBookValueAmt>
        <EOYFMVAmt>22684</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>16115Q308 CHART INDUSTRIES, IN</StockNm>
        <EOYBookValueAmt>26853</EOYBookValueAmt>
        <EOYFMVAmt>20511</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>466367109 JACK IN THE BOX INC.</StockNm>
        <EOYBookValueAmt>25724</EOYBookValueAmt>
        <EOYFMVAmt>20196</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>63947X101 NCINO, INC. CMN</StockNm>
        <EOYBookValueAmt>21699</EOYBookValueAmt>
        <EOYFMVAmt>19909</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>527064109 LESLIE'S, INC. CMN</StockNm>
        <EOYBookValueAmt>31683</EOYBookValueAmt>
        <EOYFMVAmt>19328</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>02553E106 AMERICAN EAGLE OUTFI</StockNm>
        <EOYBookValueAmt>15049</EOYBookValueAmt>
        <EOYFMVAmt>16836</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>12047B105 BUMBLE INC. CMN</StockNm>
        <EOYBookValueAmt>9913</EOYBookValueAmt>
        <EOYFMVAmt>8462</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>87043Q108 SWEETGREEN, INC. CMN</StockNm>
        <EOYBookValueAmt>14099</EOYBookValueAmt>
        <EOYFMVAmt>6299</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>256219106 DODGE &amp; COX INTERNAT</StockNm>
        <EOYBookValueAmt>1990637</EOYBookValueAmt>
        <EOYFMVAmt>1929902</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>85749T889 STATE STREET HEDGED</StockNm>
        <EOYBookValueAmt>1485019</EOYBookValueAmt>
        <EOYFMVAmt>1416499</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>46653M849 JOHCM INTERNATIONAL</StockNm>
        <EOYBookValueAmt>1572082</EOYBookValueAmt>
        <EOYFMVAmt>1364563</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>38142B369 GS EMERGING MARKETS</StockNm>
        <EOYBookValueAmt>1082135</EOYBookValueAmt>
        <EOYFMVAmt>748352</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpensesScheduleGrp>
        <Desc>CALIFORNIA FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISC. CHARITABLE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1345</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1345</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>20</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>436</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>436</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2">
      <OtherIncomeDetail>
        <Desc>DEFERRED INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>1801</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule">
      <OtherIncreasesDetail>
        <Desc>COST BASIS ADJUSTMENT</Desc>
        <Amt>11710</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>226408</Amt>
        <NetInvestmentIncomeAmt>226408</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CHARITABLE ADVISORY FEES</CategoryTxt>
        <Amt>105851</Amt>
        <DisbursementsCharitablePrpsAmt>105851</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>1680</Amt>
        <NetInvestmentIncomeAmt>1680</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX PAYMENT - PRIOR YE</CategoryTxt>
        <Amt>20000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>