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        <fairValLevel>2</fairValLevel>
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        <name>FHLB</name>
        <lei>2549001DPIFGXC1TOL40</lei>
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      <invstOrSec>
        <name>FHLB</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-11</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>FFCB</name>
        <lei>N/A</lei>
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        <cusip>3133EKBV7</cusip>
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          <isin value="US3133EKBV71"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
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          <annualizedRt>2.55000000</annualizedRt>
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      <invstOrSec>
        <name>FHLB</name>
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          <isin value="US3130AF5B90"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>United States of America</name>
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          <isin value="US912828WG10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-30</maturityDt>
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        <name>United States of America</name>
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          <isin value="US912828U576"/>
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        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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          <isin value="US912828YZ72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-31</maturityDt>
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        <name>FHLMC</name>
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        <name>iShares 7-10 Year Treasury Bond ETF</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>NCUA Guaranteed Notes</name>
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        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FFCB</name>
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        <name>FFCB</name>
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        <name>FFCB</name>
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        <name>State of Israel</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Private Export Funding Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <name>NBC GLOBAL FINANCE LIMITED</name>
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        <name>FFCB</name>
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        <name>United States of America</name>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Tennessee Valley Authority</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>Private Export Funding Corp.</name>
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        <name>Iraq Government AID Bond</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Tennessee Valley Authority</name>
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        <name>United States of America</name>
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        <name>FHLB</name>
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        <name>United States of America</name>
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        <name>FFCB</name>
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        <name>FNMA</name>
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        <name>Private Export Funding Corp.</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FFCB</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-09</maturityDt>
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      <invstOrSec>
        <name>Ukraine Government AID Bonds</name>
        <lei>N/A</lei>
        <title>Ukraine Government AID Bonds</title>
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          <isin value="US903724AL62"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FFCB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FFCB</name>
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        <name>CANTOR FITZGERAL &amp; CO</name>
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        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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        <name>FHLMC</name>
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        <name>FHLMC</name>
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        <name>United States of America</name>
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        <name>FFCB</name>
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      <invstOrSec>
        <name>FHLB</name>
        <lei>2549001DPIFGXC1TOL40</lei>
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          <maturityDt>2021-11-29</maturityDt>
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        <name>FFCB</name>
        <lei>N/A</lei>
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          <maturityDt>2024-04-01</maturityDt>
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        <name>United States of America</name>
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          <isin value="US912810EM63"/>
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          <isin value="US912828L575"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Private Export Funding Corp.</name>
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        <name>Schwab Short-Term U.S. Treasury ETF</name>
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        <name>United States of America</name>
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        <name>FFCB</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>FFCB</name>
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        <name>FFCB</name>
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        <name>FHLB</name>
        <lei>2549001DPIFGXC1TOL40</lei>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>NOMURA SECURITIES</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Custodian Internal ID" value="200331022"/>
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        <balance>45000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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            <repurchaseCollateral>
              <principalAmt>51547520.11050000</principalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US9128283P31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <title>U.S. Treasury Notes</title>
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          <isin value="US912828V236"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-31</maturityDt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828P46</cusip>
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          <isin value="US912828P469"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
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      <invstOrSec>
        <name>FFCB</name>
        <lei>N/A</lei>
        <title>FFCB</title>
        <cusip>3133ELLW2</cusip>
        <identifiers>
          <isin value="US3133ELLW28"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15007764.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.61000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares 1-3 Year Treasury Bond ETF</name>
        <lei>549300W0WX9TL4G6HM56</lei>
        <title>iShares 1-3 Year Treasury Bond ETF</title>
        <cusip>464287457</cusip>
        <identifiers>
          <isin value="US4642874576"/>
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        <balance>1388450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <issuerCat>RF</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FFCB</name>
        <lei>N/A</lei>
        <title>FFCB</title>
        <cusip>3133EKAK2</cusip>
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          <isin value="US3133EKAK26"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15578413.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53000000</annualizedRt>
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      <invstOrSec>
        <name>Hashemite Kingdom of Jordan</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Hashemite Kingdom of Jordan</title>
        <cusip>418097AE1</cusip>
        <identifiers>
          <isin value="US418097AE10"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20586588.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>JO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.57800000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828WJ5</cusip>
        <identifiers>
          <isin value="US912828WJ58"/>
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        <balance>28000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30449468.00000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US912828WN60"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15322540.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128282Y5</cusip>
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          <isin value="US9128282Y56"/>
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        <balance>7000000.00000000</balance>
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        <valUSD>7546909.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-30</maturityDt>
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        <name>FFCB</name>
        <lei>N/A</lei>
        <title>FFCB</title>
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          <isin value="US3133ELUS15"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US9128282N91"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128284S6</cusip>
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          <isin value="US9128284S60"/>
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        <balance>50000000.00000000</balance>
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          <maturityDt>2023-05-31</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US912828RR30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-11-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>iShares 3-7 Year Treasury Bond ETF</name>
        <lei>549300BUGBHWMFPSNL42</lei>
        <title>iShares 3-7 Year Treasury Bond ETF</title>
        <cusip>464288661</cusip>
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          <isin value="US4642886612"/>
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        <balance>6067.00000000</balance>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128284V9</cusip>
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          <isin value="US9128284V99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>Ukraine Government AID Bonds</name>
        <lei>N/A</lei>
        <title>Ukraine Government AID Bonds</title>
        <cusip>903724BL5</cusip>
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          <isin value="US903724BL53"/>
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        <balance>25000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>UA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.47100000</annualizedRt>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Petroleos Mexicanos</name>
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        <name>United States of America</name>
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        <name>SOCIETE GENERALE NY BRANCH</name>
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        <name>FFCB</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>FFCB</name>
        <lei>N/A</lei>
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          <maturityDt>2023-06-19</maturityDt>
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      <invstOrSec>
        <name>Tennessee Valley Authority</name>
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          <maturityDt>2027-02-01</maturityDt>
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        <name>FFCB</name>
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          <maturityDt>2021-06-14</maturityDt>
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        <name>United States of America</name>
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        <name>Tennessee Valley Authority</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>United States of America</name>
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        <name>State of Israel</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>United States of America</name>
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        <name>Tennessee Valley Authority</name>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <identifiers>
          <isin value="US3134GVJB55"/>
        </identifiers>
        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24995650.00000000</valUSD>
        <pctVal>0.306052978054</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Short-Term Treasury ETF</name>
        <lei>9WRNUKXX21PRBRE7HY40</lei>
        <title>Vanguard Short-Term Treasury ETF</title>
        <cusip>92206C102</cusip>
        <identifiers>
          <isin value="US92206C1027"/>
        </identifiers>
        <balance>3900000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243126000.00000000</valUSD>
        <pctVal>2.976895433509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="598464.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3135G0K69</cusip>
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          <isin value="US3135G0K699"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20153786.00000000</valUSD>
        <pctVal>0.246767986604</pctVal>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3135G0X99</cusip>
        <identifiers>
          <isin value="US3135G0X999"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15025029.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Prime Money Market Fund, IM Shares</name>
        <lei>N/A</lei>
        <title>JPMorgan Prime Money Market Fund, IM Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CINS" value="741994511"/>
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        <balance>0.31000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.31000000</valUSD>
        <pctVal>0.000000003795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128283C2</cusip>
        <identifiers>
          <isin value="US9128283C28"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15662031.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828N30</cusip>
        <identifiers>
          <isin value="US912828N308"/>
        </identifiers>
        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26253102.50000000</valUSD>
        <pctVal>0.321449540352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EQ Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Walsh</ncom:signature>
      <ncom:signerName>Brian Walsh</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
