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      <invstOrSec>
        <name>Digicel Group Holdings Ltd.</name>
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        <title>Digicel Group Holdings Ltd.</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>Digicel Group Holdings Ltd.</title>
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      <invstOrSec>
        <name>Emirate of Abu Dhabi United Arab Emirates</name>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
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        <title>DISH DBS Corp.</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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          <isin value="US92676XAD93"/>
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        <curCd>USD</curCd>
        <valUSD>298375.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>3.85000000</annualizedRt>
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        <name>CVR Partners LP</name>
        <lei>N/A</lei>
        <title>CVR Partners LP</title>
        <cusip>12663QAC9</cusip>
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          <isin value="US12663QAC96"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109725.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Fontainebleau Miami Beach Trust</name>
        <lei>N/A</lei>
        <title>Fontainebleau Miami Beach Trust, Series 2019-FBLU, Class E</title>
        <cusip>34461LAN4</cusip>
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          <isin value="US34461LAN47"/>
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        <balance>203000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209795.81000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.09496760</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3140J2J64</cusip>
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          <isin value="US3140J2J648"/>
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        <balance>6800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6482329.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.22500000</annualizedRt>
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      <invstOrSec>
        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
        <cusip>29364GAL7</cusip>
        <identifiers>
          <isin value="US29364GAL77"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154017.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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      <invstOrSec>
        <name>AES Panama Generation Holdings SRL</name>
        <lei>N/A</lei>
        <title>AES Panama Generation Holdings SRL</title>
        <cusip>00109AAB3</cusip>
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          <isin value="US00109AAB35"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
        <cusip>674599EF8</cusip>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Teledyne Technologies, Inc.</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>Teledyne Technologies, Inc.</title>
        <cusip>879360AD7</cusip>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319941.88000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC</title>
        <cusip>019576AB3</cusip>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238700.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>9.75000000</annualizedRt>
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      <invstOrSec>
        <name>Nexstar Media, Inc.</name>
        <lei>5493006PK6I4I2OOT688</lei>
        <title>Nexstar Media, Inc.</title>
        <cusip>65343HAA9</cusip>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89806.75000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.62500000</annualizedRt>
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        <name>SPARC EM SPC Panama Metro Line 2 SP</name>
        <lei>N/A</lei>
        <title>SPARC EM SPC Panama Metro Line 2 SP</title>
        <cusip>846502AC6</cusip>
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          <isin value="US846502AC62"/>
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        <balance>100819.24000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99262.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-05</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oversea-Chinese Banking Corp. Ltd.</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>Oversea-Chinese Banking Corp. Ltd.</title>
        <cusip>69033DAC1</cusip>
        <identifiers>
          <isin value="US69033DAC11"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216162.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Dryden 40 Senior Loan Fund</name>
        <lei>549300BH0PFEW6WVTN52</lei>
        <title>Dryden 40 Senior Loan Fund, Series 2015-40A, Class DR</title>
        <cusip>26244GAL9</cusip>
        <identifiers>
          <isin value="US26244GAL95"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500573.50000000</valUSD>
        <pctVal>0.077492224214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.22475040</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>549300WZ62L3Y22NOZ64</lei>
        <title>GS Mortgage Securities Trust, Series 2015-GS1, Class B</title>
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          <isin value="US36252AAH95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banco BBVA Peru SA</name>
        <lei>549300H1JNU0HLNFU552</lei>
        <title>Banco BBVA Peru SA</title>
        <cusip>N/A</cusip>
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          <isin value="USP16236AG98"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-22</maturityDt>
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      <invstOrSec>
        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc.</title>
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          <isin value="US609207AY17"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bancorp Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Bancorp Commercial Mortgage Trust, Series 2019-CRE6, Class D</title>
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          <isin value="US05973BAJ61"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emirate of Abu Dhabi United Arab Emirates</name>
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        <title>United Arab Emirates Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="XS2057866191"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-30</maturityDt>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings, Inc.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust, Series 2018-1A, Class A</title>
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          <isin value="US61946FAA30"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Constellation Brands, Inc.</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>Constellation Brands, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Invitation Homes Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AASET US Ltd.</name>
        <lei>N/A</lei>
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        <name>Performance Food Group, Inc.</name>
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        <name>United Rentals North America, Inc.</name>
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        <title>United Rentals North America, Inc.</title>
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        <name>Neuberger Berman Loan Advisers CLO 37 Ltd.</name>
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        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
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        <name>Royalty Pharma plc</name>
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        <invCountry>GB</invCountry>

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        <name>Empresa Electrica Angamos SA</name>
        <lei>529900PQ7VWZL30RZ733</lei>
        <title>Empresa Electrica Angamos SA</title>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Republic of Peru</title>
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        <name>Magnetite XXXI Ltd.</name>
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        <name>Madison Park Funding XIV Ltd.</name>
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      <invstOrSec>
        <name>Korea Electric Power Corp.</name>
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        <name>United Mexican States</name>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Peru LNG Srl</name>
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          <isin value="USP7721BAE13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Activision Blizzard, Inc.</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>Activision Blizzard, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.35000000</annualizedRt>
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      <invstOrSec>
        <name>Carrier Global Corp.</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-04-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37700000</annualizedRt>
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        <name>SG Commercial Mortgage Securities Trust</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Malaysia Sovereign Sukuk Bhd.</name>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Crown Castle International Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Equate Petrochemical BV</name>
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        <invCountry>NL</invCountry>

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        <name>EQM Midstream Partners LP</name>
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        <name>United States of America</name>
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        <name>Ortho-Clinical Diagnostics, Inc.</name>
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        <name>Nassau Ltd.</name>
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        <name>BANK</name>
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        <name>Anheuser-Busch Cos. LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Barings CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vivint Solar Financing V LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PSA Treasury Pte. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Markets plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KT Corp.</name>
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        <name>Benchmark Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle International Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Builders FirstSource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Amortizing Residential Collateral Trust</name>
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      <invstOrSec>
        <name>Navient Corp.</name>
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        <title>Navient Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Edison Co.</name>
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        <name>Sunnova Sol II Issuer LLC</name>
        <lei>N/A</lei>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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        <name>Dominican Republic Government Bond</name>
        <lei>N/A</lei>
        <title>Dominican Republic Government Bond</title>
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        <invCountry>DO</invCountry>
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        <name>Brighthouse Financial Global Funding</name>
        <lei>549300BLFX3KJ2IFOA78</lei>
        <title>Brighthouse Financial Global Funding</title>
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        <name>Enable Midstream Partners LP</name>
        <lei>549300TLGDBYE711G509</lei>
        <title>Enable Midstream Partners LP</title>
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        <name>Empresas Publicas de Medellin ESP</name>
        <lei>549300SU25TO8EMXB434</lei>
        <title>Empresas Publicas de Medellin ESP</title>
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        <name>FNMA</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Korea Electric Power Corp.</name>
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        <name>GCI LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
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        <name>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <name>Temasek Financial I Ltd.</name>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <balance>517000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-09</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dryden 57 CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>Silgan Holdings, Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings, Inc.</title>
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        <name>Vantage Data Centers LLC</name>
        <lei>5493000RL8X7WTQ7HO20</lei>
        <title>Vantage Data Centers LLC, Series 2020-2A, Class A2</title>
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        <name>Lions Gate Capital Holdings LLC</name>
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        <name>Voya CLO Ltd.</name>
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        <name>BANK</name>
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        <name>Seasoned Credit Risk Transfer Trust</name>
        <lei>N/A</lei>
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        <name>Blackbird Capital Aircraft</name>
        <lei>N/A</lei>
        <title>Blackbird Capital Aircraft, Series 2021-1A, Class B</title>
        <cusip>09229CAB5</cusip>
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        <balance>1989583.34000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-15</maturityDt>
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      <invstOrSec>
        <name>Canyon Capital CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Canyon Capital CLO Ltd., Series 2017-1A, Class DR</title>
        <cusip>13876GAQ1</cusip>
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        <balance>500000.00000000</balance>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>POSCO</name>
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        <name>Republic of Chile</name>
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        <title>Republic of Chile</title>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Parkland Corp.</name>
        <lei>549300Q72GWZCL8MQC95</lei>
        <title>Parkland Corp.</title>
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          <isin value="US70137WAG33"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Transelec SA</name>
        <lei>549300DPF7MAL5F6CR86</lei>
        <title>Transelec SA</title>
        <cusip>N/A</cusip>
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          <isin value="USP9339SAS34"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-12</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>Bain Capital Credit CLO Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GoldenTree Loan Management US CLO 3 Ltd.</name>
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        <title>GoldenTree Loan Management US CLO 3 Ltd., Series 2018-3A, Class D</title>
        <cusip>38138BAN0</cusip>
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      <invstOrSec>
        <name>Korea Hydro &amp; Nuclear Power Co. Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-27</maturityDt>
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      <invstOrSec>
        <name>RALI Trust</name>
        <lei>N/A</lei>
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          <isin value="US74922SAG30"/>
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        <balance>1849275.39000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy, Series R</title>
        <cusip>30040WAK4</cusip>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2020-555, Class G</title>
        <cusip>17328EAN8</cusip>
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        <balance>364000.00000000</balance>
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          <maturityDt>2041-12-10</maturityDt>
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        <name>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO</title>
        <cusip>N/A</cusip>
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          <isin value="USY70750BU03"/>
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        <balance>400000.00000000</balance>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RJY9</cusip>
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        <invCountry>US</invCountry>
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        <name>Apidos CLO XXI</name>
        <lei>549300336HZNKBNFER56</lei>
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        <cusip>03765PAQ6</cusip>
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          <isin value="US03765PAQ63"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Upland CLO Ltd.</name>
        <lei>54930052JF7HYEE5CO91</lei>
        <title>Upland CLO Ltd., Series 2016-1A, Class CR</title>
        <cusip>915328BA5</cusip>
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          <isin value="US915328BA50"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2031-04-20</maturityDt>
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        <name>National Retail Properties, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>National Retail Properties, Inc.</title>
        <cusip>637417AN6</cusip>
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          <isin value="US637417AN66"/>
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        <balance>175000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Stack Infrastructure Issuer LLC</name>
        <lei>N/A</lei>
        <title>Stack Infrastructure Issuer LLC, Series 2019-2A, Class A2</title>
        <cusip>85236KAC6</cusip>
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          <isin value="US85236KAC62"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>514447.45000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.08000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Korea East-West Power Co. Ltd.</name>
        <lei>549300VDRGYGX9NBTB52</lei>
        <title>Korea East-West Power Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="USY4836TBT70"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>813900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen Group of America Finance LLC</name>
        <lei>5493002SQ1AVQBY41K40</lei>
        <title>Volkswagen Group of America Finance LLC</title>
        <cusip>928668AR3</cusip>
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          <isin value="US928668AR38"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>321539.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust, Series 2020-LOOP, Class E</title>
        <cusip>46651WAJ3</cusip>
        <identifiers>
          <isin value="US46651WAJ36"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341958.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99018600</annualizedRt>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>85172FAQ2</cusip>
        <identifiers>
          <isin value="US85172FAQ28"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148850.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
        <cusip>91087BAD2</cusip>
        <identifiers>
          <isin value="US91087BAD29"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>514468.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Diamond BC BV</name>
        <lei>549300SWLHWJF3D4N658</lei>
        <title>Diamond BC BV</title>
        <cusip>25257DAA6</cusip>
        <identifiers>
          <isin value="US25257DAA63"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boyne USA, Inc.</name>
        <lei>N/A</lei>
        <title>Boyne USA, Inc.</title>
        <cusip>103557AC8</cusip>
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          <isin value="US103557AC88"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Viatris, Inc.</name>
        <lei>254900ZZTSW7NL773X71</lei>
        <title>Viatris, Inc.</title>
        <cusip>91533BAB6</cusip>
        <identifiers>
          <isin value="US91533BAB62"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201952.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300CFP9NBBMZH1008</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-NXS6, Class B</title>
        <cusip>95000KBG9</cusip>
        <identifiers>
          <isin value="US95000KBG94"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>790908.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.81100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
        <cusip>1248EPCD3</cusip>
        <identifiers>
          <isin value="US1248EPCD32"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145749.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ABF3</cusip>
        <identifiers>
          <isin value="US44891ABF30"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>621914.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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      <invstOrSec>
        <name>LCM XXI LP</name>
        <lei>N/A</lei>
        <title>LCM XXI LP, Series 21A, Class DR</title>
        <cusip>50189CAU5</cusip>
        <identifiers>
          <isin value="US50189CAU53"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499626.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.93424840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust, Series 2019-IMC, Class E</title>
        <cusip>05608BAN0</cusip>
        <identifiers>
          <isin value="US05608BAN01"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>896637.15000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.23374960</annualizedRt>
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      <invstOrSec>
        <name>NetApp, Inc.</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NetApp, Inc.</title>
        <cusip>64110DAL8</cusip>
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          <isin value="US64110DAL82"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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      <invstOrSec>
        <name>JPMDB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMDB Commercial Mortgage Securities Trust, Series 2016-C2, Class AS</title>
        <cusip>46590LAX0</cusip>
        <identifiers>
          <isin value="US46590LAX01"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>837318.96000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.48360000</annualizedRt>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG Energy Corp.</title>
        <cusip>552704AE8</cusip>
        <identifiers>
          <isin value="US552704AE86"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214532.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
        <cusip>172967LL3</cusip>
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          <isin value="US172967LL34"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727688.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.22424840</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-21, Class A2</title>
        <cusip>12543PAB9</cusip>
        <identifiers>
          <isin value="US12543PAB94"/>
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        <balance>2137048.85580000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1611794.30000000</valUSD>
        <pctVal>0.249516854732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CSMC Trust</name>
        <lei>N/A</lei>
        <title>CSMC 2013-MH1 Trust</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="7G3014B"/>
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        <balance>5242154.16900000</balance>
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        <curCd>USD</curCd>
        <valUSD>1651952.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dryden 41 Senior Loan Fund</name>
        <lei>5493000CMI5L15ZSNM78</lei>
        <title>Dryden 41 Senior Loan Fund, Series 2015-41A, Class DR</title>
        <cusip>26244KAU0</cusip>
        <identifiers>
          <isin value="US26244KAU07"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486820.00000000</valUSD>
        <pctVal>0.075363087722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.72612880</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VTR Finance NV</name>
        <lei>213800F4XI4RJB82XM19</lei>
        <title>VTR Finance NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP9810YAA75"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>Sunoco LP</title>
        <cusip>86765LAQ0</cusip>
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          <isin value="US86765LAQ05"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>93600.00000000</valUSD>
        <pctVal>0.014489924429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418DV74</cusip>
        <identifiers>
          <isin value="US31418DV742"/>
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        <balance>4677804.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4693499.00000000</valUSD>
        <pctVal>0.726585959616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Canyon Capital CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Canyon Capital CLO Ltd., Series 2021-1A, Class D</title>
        <cusip>13877EAJ1</cusip>
        <identifiers>
          <isin value="US13877EAJ10"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500223.50000000</valUSD>
        <pctVal>0.077438041804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.22612920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
        <cusip>538034AV1</cusip>
        <identifiers>
          <isin value="US538034AV10"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170112.50000000</valUSD>
        <pctVal>0.026334586212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lexington Realty Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>Lexington Realty Trust</title>
        <cusip>529537AA0</cusip>
        <identifiers>
          <isin value="US529537AA08"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184665.73000000</valUSD>
        <pctVal>0.028587526414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Digicel Group Holdings Ltd.</title>
        <cusip>25381YAB7</cusip>
        <identifiers>
          <isin value="US25381YAB74"/>
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        <balance>27214.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23995.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Banco Internacional del Peru SAA Interbank</name>
        <lei>5493001TRCGXJLRLHN14</lei>
        <title>Banco Internacional del Peru SAA Interbank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP13435AD71"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>548900.00000000</valUSD>
        <pctVal>0.084973499138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-08</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MBRT</name>
        <lei>N/A</lei>
        <title>MBRT, Series 2019-MBR, Class F</title>
        <cusip>55282DAN4</cusip>
        <identifiers>
          <isin value="US55282DAN49"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473515.91000000</valUSD>
        <pctVal>0.073303522992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.63324160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Octagon Investment Partners 48 Ltd.</name>
        <lei>N/A</lei>
        <title>Octagon Investment Partners 48 Ltd., Series 2020-3A, Class D</title>
        <cusip>67577UAG0</cusip>
        <identifiers>
          <isin value="US67577UAG04"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>800351.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.13425080</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
        <cusip>538034AR0</cusip>
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          <isin value="US538034AR08"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197681.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APT Pipelines Ltd.</name>
        <lei>261700SS8OEHDOCOUJ33</lei>
        <title>APT Pipelines Ltd.</title>
        <cusip>00205GAD9</cusip>
        <identifiers>
          <isin value="US00205GAD97"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564773.30000000</valUSD>
        <pctVal>0.087430795265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexa Resources SA</name>
        <lei>549300QRMRHM7GAU7L47</lei>
        <title>Nexa Resources SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP98118AA38"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417700.00000000</valUSD>
        <pctVal>0.064662835835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Israel Electric Corp. Ltd.</name>
        <lei>254900JW7GE35YNJGJ55</lei>
        <title>Israel Electric Corp. Ltd., Series 6</title>
        <cusip>465077AK1</cusip>
        <identifiers>
          <isin value="IL0060001943"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333000.00000000</valUSD>
        <pctVal>0.051550692682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>Goodyear Tire &amp; Rubber Co. (The)</title>
        <cusip>382550BP5</cusip>
        <identifiers>
          <isin value="US382550BP55"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249687.50000000</valUSD>
        <pctVal>0.038653344081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vedanta Resources Ltd.</name>
        <lei>2138007MYEKPEAZQTW83</lei>
        <title>Vedanta Resources Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG9328DAP53"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>893312.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>CCL Industries, Inc.</name>
        <lei>549300TD3EMSRRC0YH75</lei>
        <title>CCL Industries, Inc.</title>
        <cusip>124900AD3</cusip>
        <identifiers>
          <isin value="US124900AD38"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207569.44000000</valUSD>
        <pctVal>0.032133178413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>Barings CLO Ltd.</name>
        <lei>549300TE5WUQQTRVZ282</lei>
        <title>Barings CLO Ltd., Series 2017-1A, Class D</title>
        <cusip>06760BAL6</cusip>
        <identifiers>
          <isin value="US06760BAL62"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500191.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.73388040</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CitiMortgage Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>CitiMortgage Alternative Loan Trust, Series 2007-A2, Class 1A4</title>
        <cusip>12566UAD6</cusip>
        <identifiers>
          <isin value="US12566UAD63"/>
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        <balance>1471257.86600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1479102.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-DC1, Class C</title>
        <cusip>12629NAL9</cusip>
        <identifiers>
          <isin value="US12629NAL91"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102557.01000000</valUSD>
        <pctVal>0.015876531245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45076280</annualizedRt>
          <isDefault>N</isDefault>
          <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>Primose Funding LLC</name>
        <lei>N/A</lei>
        <title>Primose Funding LLC, Series 2019-1A, Class A2</title>
        <cusip>74166YAA8</cusip>
        <identifiers>
          <isin value="US74166YAA82"/>
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        <balance>982500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025773.23000000</valUSD>
        <pctVal>0.158796758381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.47500000</annualizedRt>
          <isDefault>N</isDefault>
          <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>OHA Credit Funding 1 Ltd.</name>
        <lei>N/A</lei>
        <title>OHA Credit Funding 1 Ltd., Series 2018-1A, Class D</title>
        <cusip>67115WAL4</cusip>
        <identifiers>
          <isin value="US67115WAL46"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500008.00000000</valUSD>
        <pctVal>0.077404680920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18425040</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>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810PT9</cusip>
        <identifiers>
          <isin value="US912810PT97"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2465239.70000000</valUSD>
        <pctVal>0.381636078565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>BFLD</name>
        <lei>N/A</lei>
        <title>BFLD, Series 2019-DPLO, Class E</title>
        <cusip>054970AN8</cusip>
        <identifiers>
          <isin value="US054970AN89"/>
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        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336600.92000000</valUSD>
        <pctVal>0.052108139890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.32374960</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>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CAP6</cusip>
        <identifiers>
          <isin value="US91282CAP68"/>
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        <balance>27200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27103325.76000000</valUSD>
        <pctVal>4.195781432177</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FMC GMSR Issuer Trust</name>
        <lei>N/A</lei>
        <title>FMC GMSR Issuer Trust, Series 2020-GT1, Class A</title>
        <cusip>30259RAE5</cusip>
        <identifiers>
          <isin value="US30259RAE53"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1985846.20000000</valUSD>
        <pctVal>0.307422664174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.44999960</annualizedRt>
          <isDefault>N</isDefault>
          <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>
        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc.</title>
        <cusip>015271AX7</cusip>
        <identifiers>
          <isin value="US015271AX76"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193195.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAMLL Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>BAMLL Commercial Mortgage Securities Trust, Series 2016-ISQ, Class C</title>
        <cusip>05523GAJ0</cusip>
        <identifiers>
          <isin value="US05523GAJ04"/>
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        <balance>516000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540247.77000000</valUSD>
        <pctVal>0.083634074364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.72651120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Galaxy Pipeline Assets Bidco Ltd.</name>
        <lei>549300L82YB0C6JQIC26</lei>
        <title>Galaxy Pipeline Assets Bidco Ltd.</title>
        <cusip>36321PAD2</cusip>
        <identifiers>
          <isin value="US36321PAD24"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1372000.00000000</valUSD>
        <pctVal>0.212395046125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.16000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2020-C6, Class F5TC</title>
        <cusip>05492TBK5</cusip>
        <identifiers>
          <isin value="US05492TBK51"/>
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        <balance>644000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>605501.81000000</valUSD>
        <pctVal>0.093735849026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.81129480</annualizedRt>
          <isDefault>N</isDefault>
          <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>
        <name>Dollar Tree, Inc.</name>
        <lei>549300PMSTQITB1WHR43</lei>
        <title>Dollar Tree, Inc.</title>
        <cusip>256746AG3</cusip>
        <identifiers>
          <isin value="US256746AG33"/>
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        <balance>565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617065.09000000</valUSD>
        <pctVal>0.095525924382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River CLO Ltd., Series 2014-2A, Class DR</title>
        <cusip>88390AAZ3</cusip>
        <identifiers>
          <isin value="US88390AAZ30"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>489246.00000000</valUSD>
        <pctVal>0.075738649224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.02613120</annualizedRt>
          <isDefault>N</isDefault>
          <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>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
        <cusip>30161NAX9</cusip>
        <identifiers>
          <isin value="US30161NAX93"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>847427.63000000</valUSD>
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      <invstOrSec>
        <name>Vornado Realty LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triton Water Holdings, Inc.</name>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
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        <name>Pioneer Natural Resources Co.</name>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>Flowserve Corp.</name>
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        <title>Flowserve Corp.</title>
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        <name>Korea Development Bank (The)</name>
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        <invCountry>KR</invCountry>
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        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>FHLMC</name>
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        <name>WASH Multifamily Acquisition, Inc.</name>
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        <name>TNB Global Ventures Capital Bhd.</name>
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        <title>TNB Global Ventures Capital Bhd.</title>
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        <name>American Tower Corp.</name>
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        <title>American Tower Corp.</title>
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        <name>POSCO</name>
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        <name>Morgan Stanley</name>
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        <name>Babson CLO Ltd.</name>
        <lei>N/A</lei>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp.</title>
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        <name>Benchmark Mortgage Trust</name>
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        <name>NFP Corp.</name>
        <lei>VO2L9FZNXDJNQNEYH039</lei>
        <title>NFP Corp.</title>
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        <name>NESCO Holdings II, Inc.</name>
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      <invstOrSec>
        <name>Calpine Corp.</name>
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      <invstOrSec>
        <name>Mattamy Group Corp.</name>
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        <name>MGM Growth Properties Operating Partnership LP</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Golden Nugget, Inc.</name>
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        <name>Welltower, Inc.</name>
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        <name>Commonwealth Bank of Australia</name>
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        <name>JPMBB Commercial Mortgage Securities Trust</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Vedanta Resources Finance II plc</name>
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        <name>Textainer Marine Containers VIII Ltd.</name>
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        <name>Lumen Technologies, Inc.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>BOC Aviation Ltd.</name>
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        <name>CIFC Funding 2015-IV Ltd.</name>
        <lei>549300ZXX0SJBZWIWI81</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>N/A</lei>
        <title>Sunoco LP</title>
        <cusip>86765LAT4</cusip>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65805.62000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Venture XVIII CLO Ltd.</name>
        <lei>549300MWRVTJN0X3KI79</lei>
        <title>Venture XVIII CLO Ltd., Series 2014-18A, Class BR</title>
        <cusip>92329FAR8</cusip>
        <identifiers>
          <isin value="US92329FAR82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499998.50000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
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      <invstOrSec>
        <name>Office Properties Income Trust</name>
        <lei>N/A</lei>
        <title>Office Properties Income Trust</title>
        <cusip>67623CAD1</cusip>
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          <isin value="US67623CAD11"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65534.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pampa Energia SA</name>
        <lei>254900QNIK0CVURGML24</lei>
        <title>Pampa Energia SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP7464EAA49"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504487.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810SN90"/>
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        <balance>4300000.00000000</balance>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
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      <invstOrSec>
        <name>Kinder Morgan Energy Partners LP</name>
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          <isin value="US494550AW68"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Emirate of Abu Dhabi United Arab Emirates</name>
        <lei>213800FER4348CINTA77</lei>
        <title>United Arab Emirates Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2125308242"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300CFP9NBBMZH1008</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-NXS6, Class XA</title>
        <cusip>95000KBE4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ACE Securities Corp. Home Equity Loan Trust</name>
        <lei>N/A</lei>
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        <cusip>004422AF8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RBSGC Mortgage Loan Trust</name>
        <lei>N/A</lei>
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        <cusip>74927UAZ1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UEP Penonome II SA</name>
        <lei>549300DS6G5XB230S845</lei>
        <title>UEP Penonome II SA</title>
        <cusip>90363PAA4</cusip>
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          <isin value="US90363PAA49"/>
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        <balance>443686.32000000</balance>
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        <curCd>USD</curCd>
        <valUSD>461794.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2018-HCLV, Class C</title>
        <cusip>20048KAE7</cusip>
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      <invstOrSec>
        <name>York CLO-2 Ltd.</name>
        <lei>5493009C48K5WG4EX118</lei>
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        <cusip>98625TAN5</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500016.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-22</maturityDt>
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          <annualizedRt>1.98825120</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3140HXCW8</cusip>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3115489.80000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YV6</cusip>
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        <balance>4020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4137134.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atrium IX</name>
        <lei>549300UTF8S11AHH4P70</lei>
        <title>Atrium IX, Series 9A, Class DR</title>
        <cusip>04964KAU5</cusip>
        <identifiers>
          <isin value="US04964KAU51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499461.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Countrywide Asset-Backed Certificates</name>
        <lei>N/A</lei>
        <title>Countrywide Asset-Backed Certificates, Series 2006-IM1, Class A2</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Aircastle Ltd.</name>
        <lei>549300PNK8AKY3OIKP58</lei>
        <title>Aircastle Ltd.</title>
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          <isin value="US00928QAU58"/>
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        <balance>325000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-26</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Office Properties Income Trust</name>
        <lei>N/A</lei>
        <title>Office Properties Income Trust</title>
        <cusip>67623CAE9</cusip>
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          <isin value="US67623CAE93"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257043.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>05552ABF4</cusip>
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          <isin value="US05552ABF49"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>513916.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kronos Acquisition Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Kronos Acquisition Holdings, Inc.</title>
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          <isin value="US50106GAE26"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338725.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132D57D8</cusip>
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          <isin value="US3132D57D82"/>
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        <balance>3562696.01800000</balance>
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        <curCd>USD</curCd>
        <valUSD>3598474.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BE6</cusip>
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          <isin value="US893647BE67"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198810.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
        <cusip>91087BAE0</cusip>
        <identifiers>
          <isin value="US91087BAE02"/>
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        <balance>825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>897084.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140J8RQ8</cusip>
        <identifiers>
          <isin value="US3140J8RQ83"/>
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        <balance>1419247.40000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1496647.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
        <cusip>89352HAW9</cusip>
        <identifiers>
          <isin value="US89352HAW97"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>569250.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SZ2</cusip>
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          <isin value="US912810SZ21"/>
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        <balance>4225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4141160.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Halliburton Co.</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>Halliburton Co.</title>
        <cusip>406216BL4</cusip>
        <identifiers>
          <isin value="US406216BL45"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>154956.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.92000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>B&amp;G Foods, Inc.</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods, Inc.</title>
        <cusip>05508WAB1</cusip>
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          <isin value="US05508WAB19"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72887.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
        <cusip>87264ACM5</cusip>
        <identifiers>
          <isin value="US87264ACM53"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263009.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Boston Properties LP</name>
        <lei>BVHHEFJI6SHNOKQT2572</lei>
        <title>Boston Properties LP</title>
        <cusip>10112RBB9</cusip>
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          <isin value="US10112RBB96"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468352.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Hunt Oil Co. of Peru LLC Sucursal Del Peru</name>
        <lei>549300SVO0550J3IKN50</lei>
        <title>Hunt Oil Co. of Peru LLC Sucursal Del Peru</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP5300PAB96"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450928.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MRCD Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MRCD Mortgage Trust, Series 2019-PARK, Class G</title>
        <cusip>55348UAW8</cusip>
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          <isin value="US55348UAW80"/>
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        <balance>369000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354074.21000000</valUSD>
        <pctVal>0.054813125484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.71752000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
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          <isin value="US071734AK34"/>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co., Inc.</title>
        <cusip>37045XCE4</cusip>
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          <isin value="US37045XCE40"/>
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        <balance>1005000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-05</maturityDt>
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      <invstOrSec>
        <name>Select Medical Corp.</name>
        <lei>549300X05KS0JKR8CB50</lei>
        <title>Select Medical Corp.</title>
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          <isin value="US816196AT67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
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          <isin value="US845467AQ20"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS/Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>CHS/Community Health Systems, Inc.</title>
        <cusip>12543DBJ8</cusip>
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          <isin value="US12543DBJ81"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144818.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273RBG3</cusip>
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          <isin value="US29273RBG39"/>
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        <balance>290000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>549300YJIXJB9DCDOI21</lei>
        <title>Commercial Mortgage Trust, Series 2013-CR10, Class XA</title>
        <cusip>12626BAF1</cusip>
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          <isin value="US12626BAF13"/>
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        <balance>1379304.32000000</balance>
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        <valUSD>16161.31000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.87526080</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Malaysia Wakala Sukuk Bhd.</name>
        <lei>254900MRLMI21YQTK511</lei>
        <title>Malaysia Wakala Sukuk Bhd.</title>
        <cusip>56109BAA5</cusip>
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          <isin value="US56109BAA52"/>
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        <balance>600000.00000000</balance>
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        <valUSD>594112.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-28</maturityDt>
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          <annualizedRt>2.07000000</annualizedRt>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308JG3</cusip>
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          <isin value="US694308JG36"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307858.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Antofagasta plc</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>Antofagasta plc</title>
        <cusip>N/A</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-14</maturityDt>
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      <invstOrSec>
        <name>NuStar Logistics LP</name>
        <lei>N62BF2PKP51FIIOIUN20</lei>
        <title>NuStar Logistics LP</title>
        <cusip>67059TAH8</cusip>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>WFRBS Commercial Mortgage Trust</name>
        <lei>5493000F7E2NMQ4HIO61</lei>
        <title>WFRBS Commercial Mortgage Trust, Series 2014-C21, Class XA</title>
        <cusip>92939FBA6</cusip>
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          <isin value="US92939FBA66"/>
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        <balance>2179928.44000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.17425520</annualizedRt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2021-164</title>
        <cusip>38381DT91</cusip>
        <identifiers>
          <isin value="US38381DT913"/>
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        <balance>2673000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236234.13000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-10-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.96810840</annualizedRt>
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      <invstOrSec>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>Kingdom of Saudi Arabia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2294323386"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>685125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-02</maturityDt>
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          <annualizedRt>3.45000000</annualizedRt>
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      <invstOrSec>
        <name>Babson CLO Ltd.</name>
        <lei>549300LYPY4755WERL49</lei>
        <title>Babson CLO Ltd., Series 2015-2A, Class DR</title>
        <cusip>06759FAG1</cusip>
        <identifiers>
          <isin value="US06759FAG19"/>
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        <balance>500000.00000000</balance>
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        <valUSD>497490.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-20</maturityDt>
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      <invstOrSec>
        <name>KKR Industrial Portfolio Trust</name>
        <lei>N/A</lei>
        <title>KKR Industrial Portfolio Trust, Series 2021-KDIP, Class E</title>
        <cusip>48254CAQ8</cusip>
        <identifiers>
          <isin value="US48254CAQ87"/>
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        <balance>827000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.63374840</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp.</title>
        <cusip>20030NDG3</cusip>
        <identifiers>
          <isin value="US20030NDG34"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>564597.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2017-C6, Class B</title>
        <cusip>90276UBD2</cusip>
        <identifiers>
          <isin value="US90276UBD28"/>
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        <balance>343000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375873.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-15</maturityDt>
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          <annualizedRt>4.15389960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2016-CR28, Class C</title>
        <cusip>12593YBM4</cusip>
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          <isin value="US12593YBM49"/>
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        <balance>66000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70771.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.79240280</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Prudential Financial, Inc.</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc.</title>
        <cusip>744320AY8</cusip>
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          <isin value="US744320AY89"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293713.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-07</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Antero Midstream Partners LP</name>
        <lei>N/A</lei>
        <title>Antero Midstream Partners LP</title>
        <cusip>03690AAD8</cusip>
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          <isin value="US03690AAD81"/>
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        <balance>64000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Legacy LifePoint Health LLC</name>
        <lei>N/A</lei>
        <title>Legacy LifePoint Health LLC</title>
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          <isin value="US53219LAS88"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119076.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
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        <title>JPMorgan Chase &amp; Co.</title>
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          <isin value="US46647PBL94"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
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          <annualizedRt>2.52200160</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHCP Ltd.</name>
        <lei>N/A</lei>
        <title>CHCP Ltd., Series 2021-FL1, Class C</title>
        <cusip>12546JAG9</cusip>
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          <isin value="US12546JAG94"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550169.02000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.26447920</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Airlines, Inc.</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>United Airlines, Inc.</title>
        <cusip>90932LAH0</cusip>
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          <isin value="US90932LAH06"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155017.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apache Corp.</name>
        <lei>72ZZ1XRHOOU9P9X16K08</lei>
        <title>Apache Corp.</title>
        <cusip>037411BH7</cusip>
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          <isin value="US037411BH70"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75521.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fenix Power Peru SA</name>
        <lei>549300VBTI7WLU4G4642</lei>
        <title>Fenix Power Peru SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP40070AB35"/>
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        <balance>495882.35480000</balance>
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        <curCd>USD</curCd>
        <valUSD>505273.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.31700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2013-18, Class CD</title>
        <cusip>3136ACYG0</cusip>
        <identifiers>
          <isin value="US3136ACYG09"/>
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        <balance>394430.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401389.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Interoceanica IV Finance Ltd.</name>
        <lei>5493001ZIZ6W7IU0RP65</lei>
        <title>Interoceanica IV Finance Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="USP52715AB80"/>
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        <balance>196941.67100000</balance>
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        <curCd>USD</curCd>
        <valUSD>184263.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SA Global Sukuk Ltd.</name>
        <lei>5493007DFAVKU7UOGR47</lei>
        <title>SA Global Sukuk Ltd.</title>
        <cusip>78397PAD3</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202062.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.69400000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300S7ENI2U7O0XH56</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class C</title>
        <cusip>94989JBF2</cusip>
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          <isin value="US94989JBF21"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499562.64000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.22976240</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Victoria's Secret &amp; Co.</name>
        <lei>5493006T3O70U3UWVF17</lei>
        <title>Victoria's Secret &amp; Co.</title>
        <cusip>926400AA0</cusip>
        <identifiers>
          <isin value="US926400AA00"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309575.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stack Infrastructure Issuer LLC</name>
        <lei>N/A</lei>
        <title>Stack Infrastructure Issuer LLC, Series 2020-1A, Class A2</title>
        <cusip>85236KAD4</cusip>
        <identifiers>
          <isin value="US85236KAD46"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503686.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.89300000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Minerva Luxembourg SA</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg SA</title>
        <cusip>603374AF6</cusip>
        <identifiers>
          <isin value="US603374AF69"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482337.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Endure Digital, Inc.</name>
        <lei>N/A</lei>
        <title>Endure Digital, Inc.</title>
        <cusip>29279XAA8</cusip>
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          <isin value="US29279XAA81"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194493.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>UEP Penonome II SA</name>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Mexican States</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venture XX CLO Ltd.</name>
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        <name>Charter Communications Operating LLC</name>
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        <name>Alternative Loan Trust</name>
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        <name>McDonald's Corp.</name>
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        <name>Ameren Corp.</name>
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        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
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        <name>Federative Republic of Brazil</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2018-C14, Class C</title>
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        <name>Owens Corning</name>
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        <name>Flowers Foods, Inc.</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
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        <name>National Australia Bank Ltd.</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
        <lei>N/A</lei>
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        <name>Primo Water Holdings, Inc.</name>
        <lei>9845008F9A5F2E1D4832</lei>
        <title>Primo Water Holdings, Inc.</title>
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        <balance>155000.00000000</balance>
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        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-LC23, Class C</title>
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          <isin value="US12636FBP71"/>
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          <maturityDt>2048-10-10</maturityDt>
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      <invstOrSec>
        <name>Ares XXVIIIR CLO Ltd.</name>
        <lei>635400KWVNFDFINX3H10</lei>
        <title>Ares XXVIIIR CLO Ltd., Series 2018-28RA, Class C</title>
        <cusip>04017QAG0</cusip>
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          <isin value="US04017QAG01"/>
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        <balance>500000.00000000</balance>
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      <invstOrSec>
        <name>VERDE CLO Ltd.</name>
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      <invstOrSec>
        <name>Duquesne Light Holdings, Inc.</name>
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      <invstOrSec>
        <name>Minejesa Capital BV</name>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>SWF Escrow Issuer Corp.</name>
        <lei>N/A</lei>
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        <name>Synchrony Financial</name>
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        <title>Synchrony Financial</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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      <invstOrSec>
        <name>Cigna Corp.</name>
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        <title>Cigna Corp.</title>
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        <balance>435000.00000000</balance>
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        <name>Republic of Chile</name>
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        <title>Republic of Chile</title>
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        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <name>BANK</name>
        <lei>N/A</lei>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.89317800</annualizedRt>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class B</title>
        <cusip>12595JAU8</cusip>
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          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>SLG Office Trust</name>
        <lei>N/A</lei>
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        <cusip>78449RAN5</cusip>
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        <balance>603000.00000000</balance>
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      <invstOrSec>
        <name>Venture Global Calcasieu Pass LLC</name>
        <lei>549300GKHS6RS20NLH85</lei>
        <title>Venture Global Calcasieu Pass LLC</title>
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        <balance>225000.00000000</balance>
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        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>Weatherford International Ltd.</title>
        <cusip>947075AT4</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2018-38, Class LA</title>
        <cusip>3136B1S96</cusip>
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        <balance>458415.37000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477039.46000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sound Point CLO XXVI Ltd.</name>
        <lei>N/A</lei>
        <title>Sound Point CLO XXVI Ltd., Series 2020-1A, Class DR</title>
        <cusip>83614XAW1</cusip>
        <identifiers>
          <isin value="US83614XAW11"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500345.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Thunderbolt Aircraft Lease Ltd.</name>
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        <name>United States of America</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLI Funding VIII LLC</name>
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        <name>WR Grace Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Andres BV</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Barclays plc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anthem, Inc.</name>
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        <title>Anthem, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-15</maturityDt>
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        <name>RALI Trust</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Republic of the Philippines</name>
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        <title>Republic of Philippines</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-10</maturityDt>
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        <name>KT Corp.</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.00000000</annualizedRt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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        <name>Great Wolf Trust</name>
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        <balance>478000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <cusip>05606GAL5</cusip>
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          <isin value="US05606GAL59"/>
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        <balance>601000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-15</maturityDt>
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        <name>DataBank Issuer</name>
        <lei>N/A</lei>
        <title>DataBank Issuer, Series 2021-1A, Class B</title>
        <cusip>23802WAC5</cusip>
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          <isin value="US23802WAC55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-27</maturityDt>
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      <invstOrSec>
        <name>MF1 Ltd.</name>
        <lei>N/A</lei>
        <title>MF1 Ltd., Series 2020-FL3, Class AS</title>
        <cusip>59319WAB7</cusip>
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          <isin value="US59319WAB72"/>
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        <balance>505000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.01448160</annualizedRt>
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      <invstOrSec>
        <name>CI Financial Corp.</name>
        <lei>549300M9W7JJQSVCEM78</lei>
        <title>CI Financial Corp.</title>
        <cusip>125491AP5</cusip>
        <identifiers>
          <isin value="US125491AP51"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197171.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US Foods, Inc.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US Foods, Inc.</title>
        <cusip>90290MAC5</cusip>
        <identifiers>
          <isin value="US90290MAC55"/>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Republic of Colombia</name>
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        <name>Ajax Mortgage Loan Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Performance Food Group, Inc.</name>
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        <name>Federative Republic of Brazil</name>
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        <name>SCIH Salt Holdings, Inc.</name>
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        <name>Western Midstream Operating LP</name>
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        <name>Perusahaan Penerbit SBSN Indonesia III</name>
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        <title>Perusahaan Penerbit SBSN Indonesia III</title>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300MZIB10PDVAE312</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-C35, Class B</title>
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        <name>Caesars Resort Collection LLC</name>
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        <name>Investment Energy Resources Ltd.</name>
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        <name>Sirius XM Radio, Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Octagon Investment Partners 34 Ltd.</name>
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        <name>Verus Securitization Trust</name>
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        <name>Mosaic Solar Loan Trust</name>
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        <name>Diamondback Energy, Inc.</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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        <name>Banco Bilbao Vizcaya Argentaria Colombia SA</name>
        <lei>5493009W53901OCHI065</lei>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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      <invstOrSec>
        <name>Flagship Credit Auto Trust</name>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US17328QAJ04"/>
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        <name>AmWINS Group, Inc.</name>
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        <title>AmWINS Group, Inc.</title>
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          <isin value="US031921AB57"/>
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      <invstOrSec>
        <name>Banc of America Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SLG Office Trust</name>
        <lei>N/A</lei>
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          <isin value="US78449RAL96"/>
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        <debtSec>
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      <invstOrSec>
        <name>Chesapeake Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Chesapeake Energy Corp.</title>
        <cusip>165167DG9</cusip>
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          <isin value="US165167DG90"/>
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        <balance>220000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
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          <isin value="US38141GXD14"/>
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        <balance>750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class C</title>
        <cusip>95001XBE5</cusip>
        <identifiers>
          <isin value="US95001XBE58"/>
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          <couponKind>Fixed</couponKind>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <invCountry>MX</invCountry>
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        <name>Dana, Inc.</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
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      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>Treasury Repurchase Agreement</title>
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        <name>Republic of Peru</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Republic of Peru</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
        <cusip>378272BD9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122DK1</cusip>
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        <valUSD>690899.11000000</valUSD>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Viking Cruises Ltd.</name>
        <lei>549300IJP90T4MV2GL84</lei>
        <title>Viking Cruises Ltd.</title>
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          <isin value="US92676XAE76"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68925.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
        <cusip>91087BAG5</cusip>
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          <isin value="US91087BAG59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204975.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
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          <isin value="US12543DBH26"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Airlines Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Trust, Series 2016-1, Class B</title>
        <cusip>90933HAA3</cusip>
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          <isin value="US90933HAA32"/>
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        <balance>437644.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432796.19000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GJS9</cusip>
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          <isin value="US06051GJS93"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230905.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.73400120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust, Series 2006-AR7, Class 2A3A</title>
        <cusip>172987AY5</cusip>
        <identifiers>
          <isin value="US172987AY53"/>
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        <balance>481611.82820000</balance>
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        <curCd>USD</curCd>
        <valUSD>463395.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.64675960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transocean, Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean, Inc.</title>
        <cusip>893830BQ1</cusip>
        <identifiers>
          <isin value="US893830BQ11"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53365.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BL0</cusip>
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          <isin value="US893647BL01"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lumen Technologies, Inc.</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies, Inc.</title>
        <cusip>156700BB1</cusip>
        <identifiers>
          <isin value="US156700BB17"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140062.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Gas and Electric Co.</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co.</title>
        <cusip>694308JS7</cusip>
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          <isin value="US694308JS73"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>364270.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.36700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LSTAR Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>LSTAR Commercial Mortgage Trust, Series 2016-4, Class C</title>
        <cusip>50219QAL8</cusip>
        <identifiers>
          <isin value="US50219QAL86"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.73889960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jersey Mike's Funding</name>
        <lei>N/A</lei>
        <title>Jersey Mike's Funding, Series 2019-1A, Class A2</title>
        <cusip>476681AA9</cusip>
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          <isin value="US476681AA97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.43300000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DIRECTV Holdings LLC</name>
        <lei>N/A</lei>
        <title>DIRECTV Holdings LLC</title>
        <cusip>25461LAA0</cusip>
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          <isin value="US25461LAA08"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135396.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Apidos CLO XII</name>
        <lei>549300M5NMLBQJXUO195</lei>
        <title>Apidos CLO XII, Series 2013-12A, Class DR</title>
        <cusip>03764DAL5</cusip>
        <identifiers>
          <isin value="US03764DAL55"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487459.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fremont Home Loan Trust</name>
        <lei>N/A</lei>
        <title>Fremont Home Loan Trust, Series 2006-D, Class 1A1</title>
        <cusip>35729VAA5</cusip>
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          <isin value="US35729VAA52"/>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XAR1</cusip>
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          <isin value="US03027XAR17"/>
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        <balance>60000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DoubleLine Global Bond Fund</name>
        <lei>N/A</lei>
        <title>DoubleLine Global Bond Fund, Class I</title>
        <cusip>258620699</cusip>
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          <isin value="US2586206995"/>
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        <balance>2039684.85000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2017-BNK5, Class B</title>
        <cusip>06541WBB7</cusip>
        <identifiers>
          <isin value="US06541WBB72"/>
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        <balance>557000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603256.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.89599920</annualizedRt>
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      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-19CB, Class A15</title>
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          <isin value="US02147QAQ55"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
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          <isin value="US36252TAW53"/>
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        <balance>644000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-10</maturityDt>
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      <invstOrSec>
        <name>FHLMC</name>
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        <title>FHLMC</title>
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          <isin value="US31335BZJ87"/>
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        <balance>312872.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335475.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CFCRE Commercial Mortgage Trust, Series 2016-C6, Class B</title>
        <cusip>12532ABB4</cusip>
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          <isin value="US12532ABB44"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810SY55"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CBT7</cusip>
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          <isin value="US91282CBT71"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140QFS91</cusip>
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          <isin value="US3140QFS912"/>
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        <balance>4959514.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5167603.39000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>549300UFJ8EKD81Y8R30</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2015-C1, Class XA</title>
        <cusip>126281BB9</cusip>
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          <isin value="US126281BB90"/>
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        <balance>1329821.95000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0.96607440</annualizedRt>
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      <invstOrSec>
        <name>Peabody Energy Corp.</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Corp.</title>
        <cusip>704551AB6</cusip>
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          <isin value="US704551AB64"/>
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        <balance>43450.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>8.50000000</annualizedRt>
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      <invstOrSec>
        <name>Owl Rock Capital Corp.</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Owl Rock Capital Corp.</title>
        <cusip>69121KAF1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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      <invstOrSec>
        <name>Arrow Electronics, Inc.</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>Arrow Electronics, Inc.</title>
        <cusip>042735BF6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-12</maturityDt>
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      <invstOrSec>
        <name>First Horizon Alternative Mortgage Securities Trust</name>
        <lei>549300KOHW56HILAN819</lei>
        <title>First Horizon Alternative Mortgage Securities Trust, Series 2006-FA3, Class A6</title>
        <cusip>32051HAF0</cusip>
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          <isin value="US32051HAF01"/>
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        <balance>2352674.98770000</balance>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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      <invstOrSec>
        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>TSMC Global Ltd.</name>
        <lei>549300N2ZLI21P85T117</lei>
        <title>TSMC Global Ltd.</title>
        <cusip>872882AH8</cusip>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc.</title>
        <cusip>606822BS2</cusip>
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        <balance>600000.00000000</balance>
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      <invstOrSec>
        <name>Boyd Gaming Corp.</name>
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        <name>DBS Group Holdings Ltd.</name>
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        <name>Clarivate Science Holdings Corp.</name>
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        <name>Sabine Pass Liquefaction LLC</name>
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        <name>FHLMC Pool</name>
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        <name>Canacol Energy Ltd.</name>
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        <name>Goodgreen Trust</name>
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        <name>Triumph Group, Inc.</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <name>Castlelake Aircraft Structured Trust</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Nutrien Ltd.</name>
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        <name>Discover Financial Services</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>Discover Financial Services</title>
        <cusip>254709AM0</cusip>
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          <isin value="US254709AM01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-05</maturityDt>
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          <annualizedRt>2.45700000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2019-GC41, Class B</title>
        <cusip>17328FAZ8</cusip>
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          <isin value="US17328FAZ80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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          <maturityDt>2049-06-15</maturityDt>
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        <name>NongHyup Bank</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>PSA Treasury Pte. Ltd.</name>
        <lei>254900X7FR3V7789SL36</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Aligned Data Centers Issuer LLC</name>
        <lei>N/A</lei>
        <title>Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2</title>
        <cusip>01627AAA6</cusip>
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          <isin value="US01627AAA60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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          <annualizedRt>1.93700000</annualizedRt>
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        <name>Sabra Health Care LP</name>
        <lei>549300OVKLRFSIQG0H81</lei>
        <title>Sabra Health Care LP</title>
        <cusip>78574MAA1</cusip>
        <identifiers>
          <isin value="US78574MAA18"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>Republic of Colombia</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Republic of Colombia</title>
        <cusip>195325DT9</cusip>
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          <isin value="US195325DT91"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>733018.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd., Series 2017-3A, Class CR</title>
        <cusip>92915QBA0</cusip>
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          <isin value="US92915QBA04"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Emirate of Abu Dhabi United Arab Emirates</name>
        <lei>213800FER4348CINTA77</lei>
        <title>United Arab Emirates Government Bond</title>
        <cusip>29135LAH3</cusip>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217000.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <name>HPLY Trust</name>
        <lei>N/A</lei>
        <title>HPLY Trust, Series 2019-HIT, Class F</title>
        <cusip>40443RAQ4</cusip>
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          <isin value="US40443RAQ48"/>
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        <balance>419783.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412965.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.23375040</annualizedRt>
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        <name>BX Trust</name>
        <lei>N/A</lei>
        <title>BX Trust, Series 2019-OC11, Class E</title>
        <cusip>05606FAN3</cusip>
        <identifiers>
          <isin value="US05606FAN33"/>
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        <balance>458000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470061.16000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.07545560</annualizedRt>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
        <cusip>3128MJWP1</cusip>
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          <isin value="US3128MJWP17"/>
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        <balance>271855.23000000</balance>
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        <valUSD>288217.08000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
        <cusip>855030AN2</cusip>
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          <isin value="US855030AN20"/>
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        <balance>120000.00000000</balance>
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        <valUSD>121800.00000000</valUSD>
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          <maturityDt>2026-04-15</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Georgia Power Co.</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>Georgia Power Co., Series A</title>
        <cusip>373334KP5</cusip>
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        <balance>605000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>Air Lease Corp.</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp.</title>
        <cusip>00914AAM4</cusip>
        <identifiers>
          <isin value="US00914AAM45"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218924.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Scripps Escrow, Inc.</name>
        <lei>N/A</lei>
        <title>Scripps Escrow, Inc.</title>
        <cusip>81104PAA7</cusip>
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        <balance>210000.00000000</balance>
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        <name>MACH 1 Cayman Ltd.</name>
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        <name>SAPPHIRE AVIATION FINANCE II Ltd.</name>
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        <name>Canacol Energy Ltd.</name>
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        <name>BANK</name>
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        <name>LCM 28 Ltd.</name>
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        <name>Merrill Lynch Mortgage Investors Trust</name>
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        <name>Energizer Holdings, Inc.</name>
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        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS Health Corp.</name>
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        <name>FHLMC</name>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>MidOcean Credit CLO III</name>
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        <name>NRG Energy, Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>PTTEP Treasury Center Co. Ltd.</name>
        <lei>2549006WFOUPZX6TZG08</lei>
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        <name>JPMorgan Prime Money Market Fund, IM Shares</name>
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        <name>SunCoke Energy, Inc.</name>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
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      <invstOrSec>
        <name>ITC Holdings Corp.</name>
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        <title>ITC Holdings Corp.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>MEGlobal Canada ULC</name>
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        <title>MEGlobal Canada ULC</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emirates Semb Corp. Water &amp; Power Co. PJSC</name>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
        <lei>5493009NTB34VXE1T760</lei>
        <title>BP Capital Markets America, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
        <title>Expedia Group, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Agree LP</name>
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        <title>Agree LP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fermaca Enterprises S de RL de CV</name>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barings CLO Ltd.</name>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
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        <name>RFMSI Trust</name>
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        <name>GTT Communications, Inc.</name>
        <lei>549300ETSL7K1ZX05H30</lei>
        <title>GTT Communications, Inc.</title>
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        <name>NBC Funding LLC</name>
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        <name>MGM Resorts International</name>
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        <title>MGM Resorts International</title>
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        <name>GS Mortgage Securities Corp. Trust</name>
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      <invstOrSec>
        <name>First American Financial Corp.</name>
        <lei>549300B6VEZK3N0A1P55</lei>
        <title>First American Financial Corp.</title>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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      <invstOrSec>
        <name>Bancorp Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Bancorp Commercial Mortgage Trust, Series 2019-CRE5, Class D</title>
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        <balance>805000.00000000</balance>
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        <name>Endo Luxembourg Finance Co. I SARL</name>
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        <name>BX Trust</name>
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        <name>Republic of Colombia</name>
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        <name>Cosan Overseas Ltd.</name>
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        <name>Canyon Capital CLO Ltd.</name>
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        <name>Sunnova Helios II Issuer LLC</name>
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        <name>United States of America</name>
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        <name>FNMA</name>
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        <name>Griffon Corp.</name>
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        <name>Georgia Power Co.</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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      <invstOrSec>
        <name>Clarios Global LP</name>
        <lei>N/A</lei>
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          <isin value="US69867DAA63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2020-C58, Class B</title>
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          <isin value="US95002UAU51"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NGPL PipeCo LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ovintiv, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pampa Energia SA</name>
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        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banc of America Funding Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OCTAGON INVESTMENT PARTNERS 31 LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP Capital Markets America, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>iHeartCommunications, Inc.</name>
        <lei>54930076J6KDZL504O62</lei>
        <title>iHeartCommunications, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ambience Merger Sub, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Neighborly Issuer LLC</name>
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        <name>TTAN</name>
        <lei>N/A</lei>
        <title>TTAN, Series 2021-MHC, Class F</title>
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      <invstOrSec>
        <name>Legacy LifePoint Health LLC</name>
        <lei>N/A</lei>
        <title>Legacy LifePoint Health LLC</title>
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        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co.</title>
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        <name>USQ Rail II LLC</name>
        <lei>N/A</lei>
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        <name>Coty, Inc.</name>
        <lei>549300BO9IWPF3S48F93</lei>
        <title>Coty, Inc.</title>
        <cusip>222070AE4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2007-HY1, Class 1A1</title>
        <cusip>12544EAA5</cusip>
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        <balance>230304.79000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-25</maturityDt>
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      <invstOrSec>
        <name>USA Compression Partners LP</name>
        <lei>N/A</lei>
        <title>USA Compression Partners LP</title>
        <cusip>91740PAF5</cusip>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279575.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DataBank Issuer</name>
        <lei>N/A</lei>
        <title>DataBank Issuer, Series 2021-1A, Class A2</title>
        <cusip>23802WAA9</cusip>
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          <isin value="US23802WAA99"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>490820.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.06000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GreenPoint Mortgage Funding Trust</name>
        <lei>N/A</lei>
        <title>GreenPoint Mortgage Funding Trust, Series 2007-AR2, Class 1A3</title>
        <cusip>39539LAD3</cusip>
        <identifiers>
          <isin value="US39539LAD38"/>
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        <balance>3113736.46430000</balance>
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        <curCd>USD</curCd>
        <valUSD>2989393.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River CLO Ltd., Series 2018-1A, Class D</title>
        <cusip>88432VAJ3</cusip>
        <identifiers>
          <isin value="US88432VAJ35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493212.50000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
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          <annualizedRt>3.02613120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3137BJGU1</cusip>
        <identifiers>
          <isin value="US3137BJGU12"/>
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        <balance>321518.15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335454.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-J4, Class A5</title>
        <cusip>12669YAE2</cusip>
        <identifiers>
          <isin value="US12669YAE23"/>
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        <balance>343373.16850000</balance>
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        <curCd>USD</curCd>
        <valUSD>197921.60000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-6CB, Class 2A10</title>
        <cusip>12668BSQ7</cusip>
        <identifiers>
          <isin value="US12668BSQ76"/>
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        <balance>1777200.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1083829.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust, Series 2017-GS6, Class B</title>
        <cusip>36253PAH5</cusip>
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          <isin value="US36253PAH55"/>
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        <balance>515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>556998.20000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.86900000</annualizedRt>
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      <invstOrSec>
        <name>GNL Quintero SA</name>
        <lei>549300JJJIQXE6E1QY27</lei>
        <title>GNL Quintero SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP4909LAA81"/>
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        <balance>470600.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.63400000</annualizedRt>
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      <invstOrSec>
        <name>Smithfield Foods, Inc.</name>
        <lei>CVTIPZRZJC0JQEZLL598</lei>
        <title>Smithfield Foods, Inc.</title>
        <cusip>832248AZ1</cusip>
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          <isin value="US832248AZ15"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>590274.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Willis North America, Inc.</name>
        <lei>5493004KVU1HWZCP0C66</lei>
        <title>Willis North America, Inc.</title>
        <cusip>970648AG6</cusip>
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          <isin value="US970648AG61"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>558901.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>HCA, Inc.</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA, Inc.</title>
        <cusip>404119BX6</cusip>
        <identifiers>
          <isin value="US404119BX69"/>
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        <balance>275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306366.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aligned Data Centers Issuer LLC</name>
        <lei>N/A</lei>
        <title>Aligned Data Centers Issuer LLC, Series 2021-1A, Class B</title>
        <cusip>01627AAB4</cusip>
        <identifiers>
          <isin value="US01627AAB44"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005047.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.48200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OHA Credit Funding 5 Ltd.</name>
        <lei>N/A</lei>
        <title>OHA Credit Funding 5 Ltd., Series 2020-5A, Class E</title>
        <cusip>67113NAA0</cusip>
        <identifiers>
          <isin value="US67113NAA00"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000284.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.38388000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
        <cusip>698299BL7</cusip>
        <identifiers>
          <isin value="US698299BL70"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1074081.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Series 4483, Class CA</title>
        <cusip>3137BJZ48</cusip>
        <identifiers>
          <isin value="US3137BJZ487"/>
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        <balance>160648.82000000</balance>
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        <curCd>USD</curCd>
        <valUSD>167660.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River CLO Ltd., Series 2018-1A, Class B</title>
        <cusip>88432VAE4</cusip>
        <identifiers>
          <isin value="US88432VAE48"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000010.00000000</valUSD>
        <pctVal>0.309615317930</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.77612840</annualizedRt>
          <isDefault>N</isDefault>
          <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>Wells Fargo Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Alternative Loan Trust, Series 2007-PA2, Class 1A1</title>
        <cusip>94985FAA6</cusip>
        <identifiers>
          <isin value="US94985FAA66"/>
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        <balance>193394.49270000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193215.82000000</valUSD>
        <pctVal>0.029911139213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Triton Container Finance VIII LLC</name>
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        <name>AES Argentina Generacion SA</name>
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        <name>Marvell Technology, Inc.</name>
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        <name>Suburban Propane Partners LP</name>
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        <name>United States of America</name>
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        <name>BX Commercial Mortgage Trust</name>
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        <name>PG&amp;E Corp.</name>
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        <name>Bank of America Corp.</name>
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        <name>Gran Tierra Energy International Holdings Ltd.</name>
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        <name>Marathon Petroleum Corp.</name>
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        <name>Springleaf Funding Trust</name>
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        <name>NGL Energy Operating LLC</name>
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        <name>Banco Internacional del Peru SAA Interbank</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>Republic of Colombia</name>
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        <name>ABFC Trust</name>
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        <name>Avaya, Inc.</name>
        <lei>J6LB5QIFSP2MFEFG4U76</lei>
        <title>Avaya, Inc.</title>
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        <name>AI Candelaria Spain SLU</name>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <name>FHLMC</name>
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      <invstOrSec>
        <name>Park Intermediate Holdings LLC</name>
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        <name>Pilgrim's Pride Corp.</name>
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        <name>Guacolda Energia SA</name>
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        <name>UBS-Barclays Commercial Mortgage Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>CSX Corp.</name>
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        <name>RP Escrow Issuer LLC</name>
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        <name>Gilex Holding SARL</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Targa Resources Partners LP</name>
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        <name>GS Mortgage Securities Corp. Trust</name>
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        <name>CIFC Funding 2017-I Ltd.</name>
        <lei>549300X1SKS4LNS5LQ62</lei>
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        <name>Elevation CLO Ltd.</name>
        <lei>549300D7IKXB86IQMC13</lei>
        <title>Elevation CLO Ltd., Series 2013-1A, Class BR2</title>
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        <name>Cengage Learning, Inc.</name>
        <lei>549300BYGM0FWUSVXJ88</lei>
        <title>Cengage Learning, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortinet, Inc.</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>Fortinet, Inc.</title>
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          <isin value="US34959EAA73"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp.</title>
        <cusip>871829BJ5</cusip>
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          <isin value="US871829BJ50"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500241.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Banc of America Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Banc of America Mortgage Trust, Series 2007-3, Class 2A8</title>
        <cusip>05954CAM0</cusip>
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          <isin value="US05954CAM01"/>
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        <curCd>USD</curCd>
        <valUSD>2594118.70000000</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust, Series 2015-C32, Class B</title>
        <cusip>46590JBB2</cusip>
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          <isin value="US46590JBB26"/>
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        <balance>503000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505959.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C19, Class C</title>
        <cusip>61764PBZ4</cusip>
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          <isin value="US61764PBZ45"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class D</title>
        <cusip>46643AAG8</cusip>
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          <isin value="US46643AAG85"/>
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        <balance>370000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-15</maturityDt>
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      <invstOrSec>
        <name>Australia &amp; New Zealand Banking Group Ltd.</name>
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        <title>Australia &amp; New Zealand Banking Group Ltd.</title>
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        <balance>640000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-25</maturityDt>
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          <annualizedRt>2.57000040</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300TRQQDPEF728F16</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class C</title>
        <cusip>95000PAL8</cusip>
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          <isin value="US95000PAL85"/>
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        <balance>627000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>First Student Bidco, Inc.</name>
        <lei>N/A</lei>
        <title>First Student Bidco, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JOL Air Ltd.</name>
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        <title>JOL Air Ltd., Series 2019-1, Class A</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MSCG Trust</name>
        <lei>N/A</lei>
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        <cusip>55358PAQ9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Banc of America Funding Trust</name>
        <lei>N/A</lei>
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        <name>Credit Agricole SA</name>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>FedEx Corp.</name>
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        <title>FedEx Corp.</title>
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        <invCountry>US</invCountry>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140QMAF1</cusip>
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        <balance>6000000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
        <cusip>844741BH0</cusip>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Minejesa Capital BV</name>
        <lei>549300KS7ERCP10BKC35</lei>
        <title>Minejesa Capital BV</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411344.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anglo American Capital plc</name>
        <lei>TINT358G1SSHR3L3PW36</lei>
        <title>Anglo American Capital plc</title>
        <cusip>034863AU4</cusip>
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          <isin value="US034863AU41"/>
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        <valUSD>561975.00000000</valUSD>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Superior Plus LP</name>
        <lei>N/A</lei>
        <title>Superior Plus LP</title>
        <cusip>86828LAC6</cusip>
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          <isin value="US86828LAC63"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Carnival Corp.</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
        <cusip>143658BN1</cusip>
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          <isin value="US143658BN13"/>
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        <curCd>USD</curCd>
        <valUSD>525300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust, Series 2019-H7, Class C</title>
        <cusip>61771MBB5</cusip>
        <identifiers>
          <isin value="US61771MBB54"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>897544.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anheuser-Busch InBev Worldwide, Inc.</name>
        <lei>549300CRGMZK3K53BF92</lei>
        <title>Anheuser-Busch InBev Worldwide, Inc.</title>
        <cusip>035240AN0</cusip>
        <identifiers>
          <isin value="US035240AN09"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107218.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dell International LLC</name>
        <lei>N/A</lei>
        <title>Dell International LLC</title>
        <cusip>24703TAG1</cusip>
        <identifiers>
          <isin value="US24703TAG13"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>700363.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc.</title>
        <cusip>629377CR1</cusip>
        <identifiers>
          <isin value="US629377CR16"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265207.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Park Funding XX Ltd.</name>
        <lei>N/A</lei>
        <title>Madison Park Funding XX Ltd., Series 2016-20A, Class DR</title>
        <cusip>55819TAW1</cusip>
        <identifiers>
          <isin value="US55819TAW18"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>894105.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.12887880</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2017-C7, Class C</title>
        <cusip>90276WAX5</cusip>
        <identifiers>
          <isin value="US90276WAX56"/>
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        <balance>1009000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1108500.11000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.73361480</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
        <cusip>65473QBE2</cusip>
        <identifiers>
          <isin value="US65473QBE26"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>547431.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.49000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berry Global, Inc.</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global, Inc.</title>
        <cusip>08576PAD3</cusip>
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          <isin value="US08576PAD33"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192835.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Republic of Indonesia</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Republic of Indonesia</title>
        <cusip>455780CN4</cusip>
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          <isin value="US455780CN45"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609112.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
        <title>Aviation Capital Group LLC</title>
        <cusip>05369AAL5</cusip>
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          <isin value="US05369AAL52"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.95000000</annualizedRt>
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      <invstOrSec>
        <name>Keurig Dr Pepper, Inc.</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper, Inc.</title>
        <cusip>49271VAK6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMBB Commercial Mortgage Securities Trust, Series 2015-C32, Class C</title>
        <cusip>46590JBC0</cusip>
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          <isin value="US46590JBC09"/>
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        <balance>91000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust, Series 2021-3, Class M1</title>
        <cusip>92539LAD2</cusip>
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          <isin value="US92539LAD29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-06-25</maturityDt>
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      <invstOrSec>
        <name>Pretium Mortgage Credit Partners I LLC</name>
        <lei>N/A</lei>
        <title>Pretium Mortgage Credit Partners I LLC, Series 2020-NPL3, Class A1</title>
        <cusip>741392AA2</cusip>
        <identifiers>
          <isin value="US741392AA29"/>
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        <balance>1937646.55000000</balance>
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        <valUSD>1948508.61000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.10479840</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports &amp; Special Economic Zone Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY00130RP42"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419526.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-03</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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          <isin value="US87264ABF12"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>331515.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-15</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Scientific Games International, Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Scientific Games International, Inc.</title>
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        <curCd>USD</curCd>
        <valUSD>151353.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>CF Trust</name>
        <lei>N/A</lei>
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          <isin value="US12529NAQ97"/>
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        <assetCat>ABS-MBS</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-21</maturityDt>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2019-1, Class M1</title>
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          <isin value="US89177BAC90"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-03-25</maturityDt>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
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          <isin value="US12532CBC82"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <balance>504000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-10</maturityDt>
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          <annualizedRt>4.90857480</annualizedRt>
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      <invstOrSec>
        <name>Blackstone Private Credit Fund</name>
        <lei>549300ORP3TTCNXSYO43</lei>
        <title>Blackstone Private Credit Fund</title>
        <cusip>09261HAC1</cusip>
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          <isin value="US09261HAC16"/>
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        <balance>180000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
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      <invstOrSec>
        <name>Carlyle US CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US14317LAA08"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LCCM</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-12</maturityDt>
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        <name>Coinbase Global, Inc.</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global, Inc.</title>
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        <balance>60000.00000000</balance>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
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      <invstOrSec>
        <name>Kestrel Aircraft Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Kestrel Aircraft Funding Ltd., Series 2018-1A, Class A</title>
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        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <balance>5300000.00000000</balance>
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          <maturityDt>2022-12-31</maturityDt>
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      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
        <cusip>056752AR9</cusip>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-07</maturityDt>
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      <invstOrSec>
        <name>Halliburton Co.</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>Halliburton Co.</title>
        <cusip>406216BK6</cusip>
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        <balance>135000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMBB Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
        <title>Frontier Communications Corp.</title>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Realogy Group LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3140X8MU83"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Banco Nacional de Panama</name>
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          <isin value="US059626AC55"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190722.00000000</valUSD>
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        <invCountry>PA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JSW Hydro Energy Ltd.</name>
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        <title>JSW Hydro Energy Ltd.</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of the Philippines</name>
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        <title>Republic of Philippines</title>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Hilcorp Energy I LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRP-TRIP Rail Master Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US89683LAA89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tencent Holdings Ltd.</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>Illumina, Inc.</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>Illumina, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>08162VAJ7</cusip>
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          <isin value="US08162VAJ70"/>
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        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
        <title>Expedia Group, Inc.</title>
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          <maturityDt>2031-03-15</maturityDt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2018-44, Class PZ</title>
        <cusip>3136B13S1</cusip>
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        <issuerCat>USGSE</issuerCat>
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      <invstOrSec>
        <name>Allied Universal Holdco LLC</name>
        <lei>N/A</lei>
        <title>Allied Universal Holdco LLC</title>
        <cusip>019576AA5</cusip>
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        <balance>115000.00000000</balance>
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        <name>NBN Co. Ltd.</name>
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      <invstOrSec>
        <name>AES Panama Generation Holdings SRL</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Chile Electricity PEC SpA</name>
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          <maturityDt>2028-01-25</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Temasek Financial I Ltd.</name>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1118987.04000000</valUSD>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-06</maturityDt>
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          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>Digital Realty Trust LP</name>
        <lei>CD4SPTZ3YBTHY0C1AH38</lei>
        <title>Digital Realty Trust LP</title>
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          <isin value="US25389JAR77"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161200.00000000</valUSD>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>594284.12000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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="US91282CCW91"/>
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        <balance>5180000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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      <invstOrSec>
        <name>Western Union Co. (The)</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>Western Union Co. (The)</title>
        <cusip>959802BA6</cusip>
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          <isin value="US959802BA61"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>658416.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Icahn Enterprises LP</name>
        <lei>N/A</lei>
        <title>Icahn Enterprises LP</title>
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        <balance>150000.00000000</balance>
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        <valUSD>155250.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Oleoducto Central SA</name>
        <lei>254900W4CPYCQFVH5E92</lei>
        <title>Oleoducto Central SA</title>
        <cusip>N/A</cusip>
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          <isin value="USP7358RAD81"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410450.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
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      <invstOrSec>
        <name>Bally's Corp.</name>
        <lei>549300NS4D5IK406VT62</lei>
        <title>Bally's Corp.</title>
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          <isin value="US90171VAA35"/>
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        <balance>138000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300VOKB4Z9J8DIM89</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-C32, Class C</title>
        <cusip>94989YBF9</cusip>
        <identifiers>
          <isin value="US94989YBF97"/>
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        <balance>51000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52989.97000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.87092600</annualizedRt>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2018-C10, Class C</title>
        <cusip>90276FBB9</cusip>
        <identifiers>
          <isin value="US90276FBB94"/>
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        <balance>640000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25688920</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RLJ9</cusip>
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          <isin value="US00206RLJ94"/>
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        <balance>127000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124950.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Midwest Gaming Borrower LLC</name>
        <lei>N/A</lei>
        <title>Midwest Gaming Borrower LLC</title>
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          <isin value="US59833DAB64"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
        <cusip>11135FBK6</cusip>
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          <isin value="US11135FBK66"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489470.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
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          <annualizedRt>3.41900000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Enable Midstream Partners LP</name>
        <lei>549300TLGDBYE711G509</lei>
        <title>Enable Midstream Partners LP</title>
        <cusip>292480AK6</cusip>
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          <isin value="US292480AK65"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221189.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Realogy Group LLC</name>
        <lei>N/A</lei>
        <title>Realogy Group LLC</title>
        <cusip>75606DAJ0</cusip>
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          <isin value="US75606DAJ00"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Various Purposes, General Obligation Bonds, Series 2009</title>
        <cusip>13063A5G5</cusip>
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          <isin value="US13063A5G50"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252757.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.55000000</annualizedRt>
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      <invstOrSec>
        <name>TAL Advantage VII LLC</name>
        <lei>N/A</lei>
        <title>TAL Advantage VII LLC, Series 2020-1A, Class A</title>
        <cusip>87407RAA4</cusip>
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          <isin value="US87407RAA41"/>
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        <balance>358000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>360730.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust, Series 2015-JP1, Class XA</title>
        <cusip>46590KAN4</cusip>
        <identifiers>
          <isin value="US46590KAN46"/>
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        <balance>703217.36000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21944.25000000</valUSD>
        <pctVal>0.003397120984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.06068960</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TFDXX LEX BLACKROCK FED FUND</name>
        <lei>549300T8K043VZEOVK74</lei>
        <title>BLACKROCK LIQUIDITY FEDFUND OPEN-END FUND USD</title>
        <cusip>09248U700</cusip>
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          <other otherDesc="Custodian Internal ID" value="09248U700"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1000000.00000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Arconic Corp.</name>
        <lei>549300B4YFWH3U74B152</lei>
        <title>Arconic Corp.</title>
        <cusip>03966VAA5</cusip>
        <identifiers>
          <isin value="US03966VAA52"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254404.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boeing Co. (The)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co. (The)</title>
        <cusip>097023CN3</cusip>
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          <isin value="US097023CN34"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>329745.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Galaxy XVIII CLO Ltd.</name>
        <lei>5493006XOQ2X0XSJ4F36</lei>
        <title>Galaxy XVIII CLO Ltd., Series 2018-28A, Class D</title>
        <cusip>36321JAL8</cusip>
        <identifiers>
          <isin value="US36321JAL89"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497048.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.12612840</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metis Merger Sub LLC</name>
        <lei>N/A</lei>
        <title>Metis Merger Sub LLC</title>
        <cusip>59155LAA0</cusip>
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          <isin value="US59155LAA08"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160462.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Monongahela Power Co.</name>
        <lei>N/A</lei>
        <title>Monongahela Power Co.</title>
        <cusip>610202BP7</cusip>
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          <isin value="US610202BP77"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>287786.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
        <title>DISH DBS Corp.</title>
        <cusip>25470XBD6</cusip>
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          <isin value="US25470XBD66"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151512.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Cook Park CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Cook Park CLO Ltd., Series 2018-1A, Class C</title>
        <cusip>21623PAG2</cusip>
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          <isin value="US21623PAG28"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000139.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.88388000</annualizedRt>
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      <invstOrSec>
        <name>Garda World Security Corp.</name>
        <lei>N/A</lei>
        <title>Garda World Security Corp.</title>
        <cusip>36485MAL3</cusip>
        <identifiers>
          <isin value="US36485MAL37"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248013.00000000</valUSD>
        <pctVal>0.038394119952</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Centene Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp.</title>
        <cusip>15135BAX9</cusip>
        <identifiers>
          <isin value="US15135BAX91"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>653154.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Axle &amp; Manufacturing, Inc.</name>
        <lei>RY5TAKFOBLDUGX31MS24</lei>
        <title>American Axle &amp; Manufacturing, Inc.</title>
        <cusip>02406PBB5</cusip>
        <identifiers>
          <isin value="US02406PBB58"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>273198.80000000</valUSD>
        <pctVal>0.042293055194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Pike Corp.</name>
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        <name>Apache Corp.</name>
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        <name>Equinix, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>BNP Paribas SA</name>
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        <name>Enbridge, Inc.</name>
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        <name>Occidental Petroleum Corp.</name>
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        <title>Occidental Petroleum Corp.</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Fontainebleau Miami Beach Trust</name>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vontier Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dryden 43 Senior Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Builders FirstSource, Inc.</name>
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        <title>Builders FirstSource, Inc.</title>
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          <isin value="US12008RAP29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Point CLO IV Ltd.</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31418BQA7</cusip>
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          <isin value="US31418BQA79"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
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      <invstOrSec>
        <name>Sunrun Atlas Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US86772FAA93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-01</maturityDt>
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          <annualizedRt>3.61000000</annualizedRt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-30</maturityDt>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
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        <balance>30000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.78999840</annualizedRt>
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        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>Madison IAQ LLC</title>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-30</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River CLO Ltd., Series 2017-3A, Class DR</title>
        <cusip>97316LAG3</cusip>
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        <balance>1000000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>549300C2HE5FJAWYZL57</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2016-C6, Class B</title>
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        <balance>485000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-15</maturityDt>
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      <invstOrSec>
        <name>Wind River CLO Ltd.</name>
        <lei>254900ZK5ODN8CA7YX85</lei>
        <title>Wind River CLO Ltd., Series 2014-3A, Class DR2</title>
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        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Townsquare Media, Inc.</name>
        <lei>549300XBA8C68H0DR538</lei>
        <title>Townsquare Media, Inc.</title>
        <cusip>892231AB7</cusip>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
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        <cusip>12544EAC1</cusip>
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        <balance>111591.61000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
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          <annualizedRt>3.42260280</annualizedRt>
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        <name>Pampa Energia SA</name>
        <lei>254900QNIK0CVURGML24</lei>
        <title>Pampa Energia SA</title>
        <cusip>697660AB4</cusip>
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          <isin value="US697660AB43"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138778.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.12500000</annualizedRt>
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      <invstOrSec>
        <name>Sydney Airport Finance Co. Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Radiology Partners, Inc.</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRPM LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gilex Holding SARL</name>
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        <title>Gilex Holding SARL</title>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-05-02</maturityDt>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <balance>1006382.04000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2020-C19, Class XA</title>
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          <isin value="US12597NAU72"/>
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        <balance>6019475.56000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2021-B28, Class XA</title>
        <cusip>08163GAZ3</cusip>
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          <isin value="US08163GAZ37"/>
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        <balance>9034275.60000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2014-CR16, Class C</title>
        <cusip>12591VAK7</cusip>
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          <isin value="US12591VAK70"/>
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        <balance>900000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.08337280</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140J93H2</cusip>
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          <isin value="US3140J93H21"/>
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        <balance>1673426.48000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>BRAVO Residential Funding Trust</name>
        <lei>N/A</lei>
        <title>BRAVO Residential Funding Trust, Series 2021-A, Class A1</title>
        <cusip>105693AA3</cusip>
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          <isin value="US105693AA31"/>
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        <balance>4440522.53000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust, Series 2017-C1, Class B</title>
        <cusip>90276EAJ6</cusip>
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          <isin value="US90276EAJ64"/>
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        <balance>1336000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NFP Corp.</name>
        <lei>VO2L9FZNXDJNQNEYH039</lei>
        <title>NFP Corp.</title>
        <cusip>65342RAD2</cusip>
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        <balance>115000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DBH7</cusip>
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        <balance>640000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-06</maturityDt>
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      <invstOrSec>
        <name>CAP SA</name>
        <lei>54930079GPG23NTBB003</lei>
        <title>CAP SA</title>
        <cusip>13911YAA4</cusip>
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        <balance>400000.00000000</balance>
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        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-27</maturityDt>
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          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>Uniti Group LP</name>
        <lei>N/A</lei>
        <title>Uniti Group LP</title>
        <cusip>91327BAA8</cusip>
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        <balance>145000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Frontier Communications Holdings LLC</name>
        <lei>N/A</lei>
        <title>Frontier Communications Corp.</title>
        <cusip>35906ABG2</cusip>
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        <balance>60000.00000000</balance>
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        <valUSD>63225.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Cantor Commercial Real Estate Lending</name>
        <lei>N/A</lei>
        <title>Cantor Commercial Real Estate Lending, Series 2019-CF1, Class 65C</title>
        <cusip>12529MDG0</cusip>
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          <isin value="US12529MDG06"/>
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        <balance>502000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>490233.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.12260120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CommScope, Inc.</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope, Inc.</title>
        <cusip>203372AX5</cusip>
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          <isin value="US203372AX50"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Medco Bell Pte. Ltd.</name>
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        <name>Empresas Publicas de Medellin ESP</name>
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        <name>DTE Energy Co.</name>
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        <name>Castlelake Aircraft Structured Trust</name>
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        <name>Transocean Poseidon Ltd.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Simon Property Group LP</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Sunnova Helios II Issuer LLC</name>
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        <name>Berkshire Hathaway Finance Corp.</name>
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        <name>Brighthouse Financial Global Funding</name>
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        <name>Verus Securitization Trust</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd.</title>
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      <invstOrSec>
        <name>Option One Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Option One Mortgage Loan Trust, Series 2006-1, Class M2</title>
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          <isin value="US68389FKS29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NXP BV</name>
        <lei>N/A</lei>
        <title>NXP BV</title>
        <cusip>62954HAA6</cusip>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335408.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JPMCC Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>JPMCC Commercial Mortgage Securities Trust, Series 2017-JP6, Class C</title>
        <cusip>48128KAZ4</cusip>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PennyMac Financial Services, Inc.</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services, Inc.</title>
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          <isin value="US70932MAB37"/>
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        <balance>325000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>Petrobras Global Finance BV</name>
        <lei>549300FNENFFSMO3GT38</lei>
        <title>Petrobras Global Finance BV</title>
        <cusip>71647NBG3</cusip>
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          <isin value="US71647NBG34"/>
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        <balance>600000.00000000</balance>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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          <isin value="US00287YAS81"/>
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        <balance>571000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-14</maturityDt>
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          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Capital I</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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          <isin value="US04685A3B58"/>
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        <balance>635000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2017-C4, Class B</title>
        <cusip>17326FAJ6</cusip>
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          <isin value="US17326FAJ66"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adani International Container Terminal Pvt. Ltd.</name>
        <lei>335800J4SLERP6S94P28</lei>
        <title>Adani International Container Terminal Pvt. Ltd.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2007-14, Class A18</title>
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        <name>Banco de Reservas de la Republica Dominicana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Macquarie Group Ltd.</name>
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        <title>Macquarie Group Ltd.</title>
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        <name>Figure Line of Credit Trust</name>
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        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
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        <invCountry>PA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>General Electric Co.</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>General Electric Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bunge Ltd. Finance Corp.</name>
        <lei>549300QHC068L40NNM71</lei>
        <title>Bunge Ltd. Finance Corp.</title>
        <cusip>120568BC3</cusip>
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        <balance>345000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-14</maturityDt>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CAW1</cusip>
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        <name>Packaging Corp. of America</name>
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        <name>Petronas Capital Ltd.</name>
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        <name>Gilbert Park CLO Ltd.</name>
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        <name>Oracle Corp.</name>
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        <name>Union Pacific Corp.</name>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>AT&amp;T, Inc.</name>
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        <title>AT&amp;T, Inc.</title>
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          <maturityDt>2053-09-15</maturityDt>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
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        <name>T-Mobile USA, Inc.</name>
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        <name>Rattler Midstream LP</name>
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        <name>Radiate Holdco LLC</name>
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        <name>Catamaran CLO Ltd.</name>
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        <name>Diamond Sports Group LLC</name>
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        <name>Long Point Park CLO Ltd.</name>
        <lei>549300639DPKTBUSCC77</lei>
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        <name>Wind River CLO Ltd.</name>
        <lei>2549008107XSHXNMJI27</lei>
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        <name>Health Care Service Corp. A Mutual Legal Reserve Co.</name>
        <lei>549300TMJ1FKCKECR148</lei>
        <title>Health Care Service Corp. A Mutual Legal Reserve Co.</title>
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        <name>Triton Container Finance VIII LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Sydney Airport Finance Co. Pty. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Fair LP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ownit Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HomeBanc Mortgage Trust</name>
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          <isin value="US43739EBX40"/>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2013-54, Class NP</title>
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          <isin value="US3136AEWX16"/>
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        <balance>764807.44000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
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        <balance>700000.00000000</balance>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
        <lei>N/A</lei>
        <title>GS Mortgage Securities Trust, Series 2020-GC45, Class B</title>
        <cusip>36258YBM9</cusip>
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          <isin value="US36258YBM93"/>
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      <invstOrSec>
        <name>Fontainebleau Miami Beach Trust</name>
        <lei>N/A</lei>
        <title>Fontainebleau Miami Beach Trust, Series 2019-FBLU, Class G</title>
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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
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        <balance>400000.00000000</balance>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-15</maturityDt>
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      <invstOrSec>
        <name>Alliant Holdings Intermediate LLC</name>
        <lei>N/A</lei>
        <title>Alliant Holdings Intermediate LLC</title>
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          <maturityDt>2027-10-15</maturityDt>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
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        <invCountry>FR</invCountry>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>1.25000000</annualizedRt>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
        <cusip>87264ACB9</cusip>
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          <isin value="US87264ACB98"/>
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        <balance>500000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>Republic of Chile</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Republic of Chile</title>
        <cusip>168863DQ8</cusip>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2061-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>GTCR AP Finance, Inc.</name>
        <lei>N/A</lei>
        <title>GTCR AP Finance, Inc.</title>
        <cusip>40060QAA3</cusip>
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        <balance>135000.00000000</balance>
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          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ferrellgas Escrow LLC</name>
        <lei>N/A</lei>
        <title>Ferrellgas Escrow LLC</title>
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      <invstOrSec>
        <name>Calpine Corp.</name>
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        <name>American Airlines Pass-Through Trust</name>
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        <name>Republic of Indonesia</name>
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        <name>Kingdom of Saudi Arabia</name>
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        <name>Credit Suisse Group AG</name>
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        <name>Bain Capital Credit CLO Ltd.</name>
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        <name>Kraft Heinz Foods Co.</name>
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        <name>Citigroup Mortgage Loan Trust</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>AMSR Trust</name>
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        <name>Duke Energy Corp.</name>
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        <title>Duke Energy Corp.</title>
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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
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        <name>FNMA</name>
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        <name>Southern Co. (The)</name>
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        <title>Southern Co. (The), Series 21-A</title>
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        <name>Madison Park Funding XI Ltd.</name>
        <lei>N/A</lei>
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        <name>York CLO 1 Ltd.</name>
        <lei>549300EJZ6JIZVXIHF06</lei>
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        <name>American Airlines, Inc.</name>
        <lei>N/A</lei>
        <title>American Airlines, Inc.</title>
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          <maturityDt>2029-04-20</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Frontier Communications Corp.</name>
        <lei>N/A</lei>
        <title>Frontier Communications Corp.</title>
        <cusip>35906ABF4</cusip>
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          <isin value="US35906ABF49"/>
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        <curCd>USD</curCd>
        <valUSD>115500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Republic of the Philippines</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Republic of Philippines</title>
        <cusip>718286CB1</cusip>
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          <isin value="US718286CB15"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>528375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG Energy Corp.</title>
        <cusip>552704AF5</cusip>
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          <isin value="US552704AF51"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-CR25, Class B</title>
        <cusip>12593PAZ5</cusip>
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          <isin value="US12593PAZ53"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>735124.55000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.68122760</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petronas Capital Ltd.</name>
        <lei>549300G7YFX3540OYR85</lei>
        <title>Petronas Capital Ltd.</title>
        <cusip>71675CAB4</cusip>
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          <isin value="US71675CAB46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>994800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.48000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MKT Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MKT Mortgage Trust, Series 2020-525M, Class F</title>
        <cusip>55316PAN7</cusip>
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          <isin value="US55316PAN78"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.03861960</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B</title>
        <cusip>17328RBC2</cusip>
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          <isin value="US17328RBC25"/>
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        <balance>557000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-15</maturityDt>
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          <annualizedRt>3.15000000</annualizedRt>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co. LP</title>
        <cusip>709599AX2</cusip>
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          <isin value="US709599AX20"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286165.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2015-C30, Class XA</title>
        <cusip>94989NBH9</cusip>
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          <isin value="US94989NBH98"/>
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        <balance>6691865.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200393.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.03752000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MKT Mortgage Trust</name>
        <lei>N/A</lei>
        <title>MKT Mortgage Trust, Series 2020-525M, Class E</title>
        <cusip>55316PAL1</cusip>
        <identifiers>
          <isin value="US55316PAL13"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264200.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.03861960</annualizedRt>
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      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
        <title>Crown Castle International Corp.</title>
        <cusip>22822VAK7</cusip>
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          <isin value="US22822VAK70"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93451.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
        <cusip>65339KBR0</cusip>
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          <isin value="US65339KBR05"/>
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        <balance>785000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>United Natural Foods, Inc.</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods, Inc.</title>
        <cusip>911163AA1</cusip>
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          <isin value="US911163AA17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>31418CCP7</cusip>
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          <isin value="US31418CCP77"/>
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        <balance>374752.12000000</balance>
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        <valUSD>391559.27000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports &amp; Special Economic Zone Ltd.</title>
        <cusip>00652MAD4</cusip>
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          <isin value="US00652MAD48"/>
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        <balance>250000.00000000</balance>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cook Park CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Cook Park CLO Ltd., Series 2018-1A, Class D</title>
        <cusip>21623PAJ6</cusip>
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        <balance>500000.00000000</balance>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empresa Electrica Cochrane SpA</name>
        <lei>5493000S11JF8TJHYT07</lei>
        <title>Empresa Electrica Cochrane SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3713CAB48"/>
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        <balance>851800.00000000</balance>
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        <valUSD>872828.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Crown Castle International Corp.</name>
        <lei>54930012H97VSM0I2R19</lei>
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        <name>Suntrust Alternative Loan Trust</name>
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        <name>Hilcorp Energy I LP</name>
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        <name>Perusahaan Penerbit SBSN Indonesia III</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>THL Credit Wind River CLO Ltd.</name>
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        <name>LG Chem Ltd.</name>
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        <name>Premier Entertainment Sub LLC</name>
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        <name>Petrobras Global Finance BV</name>
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        <name>WAVE LLC</name>
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        <name>Blackstone Secured Lending Fund</name>
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        <name>Marriott International, Inc.</name>
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        <name>Dryden 87 CLO Ltd.</name>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
        <lei>5493000C19IMTVUCMB96</lei>
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      <invstOrSec>
        <name>Ares Capital Corp.</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>Ares Capital Corp.</title>
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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
        <lei>549300JIWL5GWW2H2336</lei>
        <title>Barings CLO Ltd., Series 2019-2A, Class CR</title>
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      <invstOrSec>
        <name>Premier Entertainment Sub LLC</name>
        <lei>N/A</lei>
        <title>Premier Entertainment Sub LLC</title>
        <cusip>74052HAA2</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>Acrisure LLC</name>
        <lei>N/A</lei>
        <title>Acrisure LLC</title>
        <cusip>00489LAF0</cusip>
        <identifiers>
          <isin value="US00489LAF04"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262018.75000000</valUSD>
        <pctVal>0.040562306481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="19893.29000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UltraTech Cement Ltd.</name>
        <lei>335800PC9O9B4BQHG814</lei>
        <title>UltraTech Cement Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY9048BAA18"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191850.00000000</valUSD>
        <pctVal>0.029699700874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</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>Ares Capital Corp.</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>Ares Capital Corp.</title>
        <cusip>04010LBA0</cusip>
        <identifiers>
          <isin value="US04010LBA08"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>325576.19000000</valUSD>
        <pctVal>0.050401435781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</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>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
        <cusip>428102AE7</cusip>
        <identifiers>
          <isin value="US428102AE79"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288006.75000000</valUSD>
        <pctVal>0.044585427806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</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>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Republic of Panama</title>
        <cusip>698299BN3</cusip>
        <identifiers>
          <isin value="US698299BN37"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375700.00000000</valUSD>
        <pctVal>0.058160946668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25200000</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>2021-11-01</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>
