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      <invstOrSec>
        <name>Unigel Netherlands Holding Corp. BV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Partners LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FNMA</name>
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        <name>FNMA</name>
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        <name>OCP SA</name>
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        <name>FNMA</name>
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        <name>Ally Financial, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dryden 40 Senior Loan Fund</name>
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        <name>GS Mortgage Securities Trust</name>
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        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
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        <name>ONEOK, Inc.</name>
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        <name>Expand Energy Corp.</name>
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        <name>Bausch + Lomb Corp.</name>
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        <name>Affirm Asset Securitization Trust</name>
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        <name>Mosaic Solar Loan Trust</name>
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        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
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          <couponKind>Fixed</couponKind>
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        <name>Ares Strategic Income Fund</name>
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      <invstOrSec>
        <name>McGraw-Hill Education, Inc.</name>
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      <invstOrSec>
        <name>Empresa Electrica Angamos SA</name>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>Magnetite XXXI Ltd.</name>
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        <name>Invesco US CLO Ltd.</name>
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        <name>SG Commercial Mortgage Securities Trust</name>
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        <name>Crown Castle, Inc.</name>
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        <name>Buffalo Energy Mexico Holdings</name>
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        <name>Trident TPI Holdings, Inc.</name>
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        <name>FNMA</name>
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        <name>FHLMC Pool</name>
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        <name>Star Leasing Co. LLC</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Regal Rexnord Corp.</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp.</title>
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        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
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        <invCountry>LU</invCountry>

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        <name>Nassau Ltd.</name>
        <lei>5493003RNMF4L18JF715</lei>
        <title>Nassau Ltd., Series 2018-IA, Class A</title>
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        <name>Progress Residential Trust</name>
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        <name>Vivint Solar Financing V LLC</name>
        <lei>N/A</lei>
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        <name>NiSource, Inc.</name>
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        <name>Venture Global LNG, Inc.</name>
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        <name>EQUATE Petrochemical Co. KSC</name>
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        <name>GNMA</name>
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        <name>Republic of Paraguay</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Phillips Edison Grocery Center Operating Partnership I LP</name>
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        <name>Amortizing Residential Collateral Trust</name>
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        <name>Simpar Europe SA</name>
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        <invCountry>LU</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>Energy Transfer LP</name>
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        <name>KUO SAB de CV</name>
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        <name>Transocean, Inc.</name>
        <lei>DOL4HJ22ADYSIWES4H94</lei>
        <title>Transocean, Inc.</title>
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        <name>Velocity Commercial Capital Loan Trust</name>
        <lei>N/A</lei>
        <title>Velocity Commercial Capital Loan Trust, Series 2019-1, Class M1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>JSW Infrastructure Ltd.</name>
        <lei>3358003E3YFK92C9WX80</lei>
        <title>JSW Infrastructure Ltd.</title>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Bharti Airtel Ltd.</name>
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        <name>BX Trust</name>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
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        <name>Massachusetts Mutual Life Insurance Co.</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>Vale Overseas Ltd.</name>
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        <name>Merrill Lynch Mortgage Investors Trust</name>
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        <name>Republic Services, Inc.</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>Republic Services, Inc.</title>
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          <couponKind>Fixed</couponKind>
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        <name>Icon Investments Six DAC</name>
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        <title>Icon Investments Six DAC</title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GGAM Finance Ltd.</name>
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        <name>Magnetite XXIII Ltd.</name>
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        <name>Voya CLO Ltd.</name>
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        <name>Progress Residential Trust</name>
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        <name>Blackbird Capital II Aircraft Lease Ltd.</name>
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        <name>Canyon Capital CLO Ltd.</name>
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        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>Millicom International Cellular SA</title>
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        <invCountry>LU</invCountry>

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        <name>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
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        <name>CRH SMW Finance DAC</name>
        <lei>54930044475SH442C864</lei>
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        <name>FHLMC</name>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
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      <invstOrSec>
        <name>Comerica, Inc.</name>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aircastle Ltd.</name>
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        <invCountry>BM</invCountry>

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          <maturityDt>2030-03-15</maturityDt>
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      <invstOrSec>
        <name>1375209 BC Ltd.</name>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <name>Transelec SA</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>RALI Trust</name>
        <lei>N/A</lei>
        <title>RALI Trust, Series 2006-QS17, Class A7</title>
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          <isin value="US74922SAG30"/>
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        <balance>1256198.65000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings, Inc.</title>
        <cusip>737446AV6</cusip>
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          <isin value="US737446AV69"/>
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        <balance>150000.00000000</balance>
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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>2033-03-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XHG50</cusip>
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          <isin value="US3140XHG505"/>
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        <balance>4102345.82000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Icon Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>Icon Investments Six DAC</title>
        <cusip>45115AAC8</cusip>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-08</maturityDt>
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      <invstOrSec>
        <name>Upland CLO Ltd.</name>
        <lei>54930052JF7HYEE5CO91</lei>
        <title>Upland CLO Ltd., Series 2016-1A, Class CR</title>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
        <cusip>286181AK8</cusip>
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        <balance>287000.00000000</balance>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-04</maturityDt>
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        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports &amp; Special Economic Zone Ltd.</title>
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        <balance>200000.00000000</balance>
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        <invCountry>IN</invCountry>
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        <name>AIMCO CLO</name>
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          <isin value="US00900GAW50"/>
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        <name>Guara Norte Sarl</name>
        <lei>549300U2I4L03BBA3485</lei>
        <title>Guara Norte Sarl</title>
        <cusip>N/A</cusip>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sotera Health Holdings LLC</name>
        <lei>549300OVT7MBXFLOFU20</lei>
        <title>Sotera Health Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Energuate Trust</name>
        <lei>549300RVM37LH8GY7E41</lei>
        <title>Energuate Trust</title>
        <cusip>N/A</cusip>
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          <isin value="USG3040LAA01"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>McGraw-Hill Education, Inc.</name>
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        <name>ACE Securities Corp. Home Equity Loan Trust</name>
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        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
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        <name>Nabors Industries, Inc.</name>
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        <name>CCO Holdings LLC</name>
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        <name>NetApp, Inc.</name>
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        <name>UBS Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>InRetail Shopping Malls</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>BANK5</name>
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        <name>United States of America</name>
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        <name>Dryden 41 Senior Loan Fund</name>
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        <name>Sunoco LP</name>
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        <name>Central Parent LLC</name>
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        <name>Canyon Capital CLO Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>Rutas 2 &amp; 7 Finance Ltd.</name>
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        <name>AngloGold Ashanti Holdings plc</name>
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        <name>Freeport Indonesia PT</name>
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        <name>Verus Securitization Trust</name>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>Marriott International, Inc.</name>
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        <name>Chile Electricity Lux MPC Sarl</name>
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        <name>CCL Industries, Inc.</name>
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        <name>CitiMortgage Alternative Loan Trust</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>Primrose Funding LLC</name>
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        <name>Barclays plc</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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      <invstOrSec>
        <name>Dornoch Debt Merger Sub, Inc.</name>
        <lei>N/A</lei>
        <title>Dornoch Debt Merger Sub, Inc.</title>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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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>
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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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      <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>
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        <balance>516000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215990.58000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2020-C6, Class F5TC</title>
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          <isin value="US05492TBK51"/>
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        <balance>644000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451458.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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 2014-2A, Class DR</title>
        <cusip>88390AAZ3</cusip>
        <identifiers>
          <isin value="US88390AAZ30"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500265.50000000</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>2031-01-15</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Exelon Corp.</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp.</title>
        <cusip>30161NAX9</cusip>
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          <isin value="US30161NAX93"/>
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        <balance>750000.00000000</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>
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          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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      <invstOrSec>
        <name>Comision Federal de Electricidad</name>
        <lei>4469000001BFPONMPF32</lei>
        <title>Comision Federal de Electricidad</title>
        <cusip>200447AP5</cusip>
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          <isin value="US200447AP57"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
        <cusip>15089QAZ7</cusip>
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          <isin value="US15089QAZ72"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44619.75000000</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>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cornerstone Building Brands, Inc.</name>
        <lei>549300IW41QEWQ6T0H29</lei>
        <title>Cornerstone Building Brands, Inc.</title>
        <cusip>21925DAB5</cusip>
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          <isin value="US21925DAB55"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86493.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESCO Distribution, Inc.</name>
        <lei>549300I2CEZJG9N4AH67</lei>
        <title>WESCO Distribution, Inc.</title>
        <cusip>95081QAS3</cusip>
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          <isin value="US95081QAS30"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65299.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC, Series 4050, Class ND</title>
        <cusip>3137AQLG1</cusip>
        <identifiers>
          <isin value="US3137AQLG15"/>
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        <balance>76918.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75621.06000000</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>2041-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747YFM2</cusip>
        <identifiers>
          <isin value="US61747YFM21"/>
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        <balance>296000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298422.35000000</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>2039-02-07</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.94200000</annualizedRt>
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      <invstOrSec>
        <name>Genesee &amp; Wyoming, Inc.</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming, Inc.</title>
        <cusip>371559AB1</cusip>
        <identifiers>
          <isin value="US371559AB15"/>
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        <balance>195000.00000000</balance>
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        <valUSD>193537.50000000</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>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46647PEK8</cusip>
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        <balance>579000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.29400000</annualizedRt>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2024-5C29, Class A3</title>
        <cusip>05555PAC6</cusip>
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          <isin value="US05555PAC68"/>
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        <balance>527000.00000000</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>
        <debtSec>
          <maturityDt>2057-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20800000</annualizedRt>
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      <invstOrSec>
        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AutoNation, Inc.</title>
        <cusip>05329WAT9</cusip>
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          <isin value="US05329WAT99"/>
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        <balance>248000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.89000000</annualizedRt>
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      <invstOrSec>
        <name>Markel Group, Inc.</name>
        <lei>549300SCNO12JLWIK605</lei>
        <title>Markel Group, Inc.</title>
        <cusip>570535AY0</cusip>
        <identifiers>
          <isin value="US570535AY06"/>
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        <balance>112000.00000000</balance>
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        <valUSD>112112.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bunge Ltd. Finance Corp.</name>
        <lei>549300QHC068L40NNM71</lei>
        <title>Bunge Ltd. Finance Corp.</title>
        <cusip>120568BF6</cusip>
        <identifiers>
          <isin value="US120568BF69"/>
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        <balance>369000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>355170.77000000</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>2034-09-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Windstream Services LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Kodiak Gas Services LLC</name>
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        <title>Kodiak Gas Services LLC</title>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
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          <isin value="US286181AP72"/>
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        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Expand Energy Corp.</name>
        <lei>X2MT1W32SPAZ9WSKLE78</lei>
        <title>Expand Energy Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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        <name>Freeport-McMoRan, Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Panther Escrow Issuer LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AGCO Corp.</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
        <title>AGCO Corp.</title>
        <cusip>001084AS1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CF Industries, Inc.</name>
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        <name>Mattamy Group Corp.</name>
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        <title>Mattamy Group Corp.</title>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Invesco US CLO Ltd.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>Commercial Mortgage Trust</name>
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        <name>CommScope LLC</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope LLC</title>
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        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.34900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2021-C12, Class A5</title>
        <cusip>05552XBG2</cusip>
        <identifiers>
          <isin value="US05552XBG25"/>
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        <balance>653000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>567051.94000000</valUSD>
        <pctVal>0.107933132835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.68900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blue Racer Midstream LLC</name>
        <lei>N/A</lei>
        <title>Blue Racer Midstream LLC</title>
        <cusip>095796AK4</cusip>
        <identifiers>
          <isin value="US095796AK46"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97970.65000000</valUSD>
        <pctVal>0.018647814132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class C</title>
        <cusip>94989WAZ0</cusip>
        <identifiers>
          <isin value="US94989WAZ05"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102001.92000000</valUSD>
        <pctVal>0.019415129380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.59070920</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>Unigel Luxembourg SA</name>
        <lei>N/A</lei>
        <title>Unigel Luxembourg SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USL9467UAD92"/>
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        <balance>29934.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27763.79000000</valUSD>
        <pctVal>0.005284582632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BSPRT Issuer Ltd.</name>
        <lei>N/A</lei>
        <title>BSPRT Issuer Ltd., Series 2023-FL10, Class B</title>
        <cusip>05610VAE2</cusip>
        <identifiers>
          <isin value="US05610VAE20"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533860.84000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.58418120</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>Ares Capital Corp.</name>
        <lei>WEQ82666OJYSI5GUAB47</lei>
        <title>Ares Capital Corp.</title>
        <cusip>04010LBG7</cusip>
        <identifiers>
          <isin value="US04010LBG77"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76001.14000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</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>OBX Trust</name>
        <lei>N/A</lei>
        <title>OBX Trust, Series 2023-NQM4, Class A1</title>
        <cusip>67448GAA1</cusip>
        <identifiers>
          <isin value="US67448GAA13"/>
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        <balance>1582398.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1588120.32000000</valUSD>
        <pctVal>0.302284128429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.11300160</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>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2022-BNK39, Class AS</title>
        <cusip>06539VAR9</cusip>
        <identifiers>
          <isin value="US06539VAR96"/>
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        <balance>698000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>596146.72000000</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>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.18100000</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>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AP4</cusip>
        <identifiers>
          <isin value="US279158AP43"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124875.00000000</valUSD>
        <pctVal>0.023768810248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</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>
      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DVMQ5</cusip>
        <identifiers>
          <isin value="US3132DVMQ58"/>
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        <balance>1580218.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1601109.21000000</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>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Retained Vantage Data Centers Issuer LLC</name>
        <lei>254900N4NW6XZ9B4HM15</lei>
        <title>Retained Vantage Data Centers Issuer LLC, Series 2023-1A, Class B</title>
        <cusip>76134KAC8</cusip>
        <identifiers>
          <isin value="US76134KAC80"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1460672.10000000</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>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SN9</cusip>
        <identifiers>
          <isin value="US912810SN90"/>
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        <balance>15400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7600366.62000000</valUSD>
        <pctVal>1.446660036104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</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>Kinder Morgan Energy Partners LP</name>
        <lei>549300PDHUGWPWGOT525</lei>
        <title>Kinder Morgan Energy Partners LP</title>
        <cusip>494550AW6</cusip>
        <identifiers>
          <isin value="US494550AW68"/>
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        <balance>487000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533603.37000000</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>2038-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</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>Cadence Design Systems, Inc.</name>
        <lei>GCT7RXJOGLXPV0NXZY22</lei>
        <title>Cadence Design Systems, Inc.</title>
        <cusip>127387AP3</cusip>
        <identifiers>
          <isin value="US127387AP39"/>
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        <balance>142000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137946.79000000</valUSD>
        <pctVal>0.026256905512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sitio Royalties Operating Partnership LP</name>
        <lei>N/A</lei>
        <title>Sitio Royalties Operating Partnership LP</title>
        <cusip>82983MAB6</cusip>
        <identifiers>
          <isin value="US82983MAB63"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97137.50000000</valUSD>
        <pctVal>0.018489231675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</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>Cathedral Lake VIII Ltd.</name>
        <lei>N/A</lei>
        <title>Cathedral Lake VIII Ltd., Series 2021-8A, Class D1</title>
        <cusip>14919GAJ4</cusip>
        <identifiers>
          <isin value="US14919GAJ40"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000177.00000000</valUSD>
        <pctVal>0.190374513135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.97478120</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 Commercial Mortgage Trust</name>
        <lei>549300CFP9NBBMZH1008</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2016-NXS6, Class XA</title>
        <cusip>95000KBE4</cusip>
        <identifiers>
          <isin value="US95000KBE47"/>
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        <balance>678460.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8200.55000000</valUSD>
        <pctVal>0.001560899434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.57175280</annualizedRt>
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        <name>Republic of Guatemala</name>
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        <name>Meritage Homes Corp.</name>
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        <name>Virginia Electric and Power Co.</name>
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        <name>AbbVie, Inc.</name>
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        <name>OFSI BSL XI Ltd.</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Michaels Cos., Inc. (The)</name>
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        <name>Saavi Energia Sarl</name>
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        <name>Full House Resorts, Inc.</name>
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        <name>Madison Park Funding XL Ltd.</name>
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        <name>Asset-Backed Certificates Trust</name>
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        <name>GNMA</name>
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        <name>Citigroup, Inc.</name>
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        <name>CAP SA</name>
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        <name>GATX Corp.</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX Corp.</title>
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        <name>Novelis, Inc.</name>
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        <name>FNMA</name>
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        <name>American Airlines, Inc.</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Ares Strategic Income Fund</name>
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      <invstOrSec>
        <name>Bioceanico Sovereign Certificate Ltd.</name>
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        <name>Scientific Games Holdings LP</name>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
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        <name>COLT Mortgage Loan Trust</name>
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        <name>Magnetite Xlii Ltd.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Kinetik Holdings LP</name>
        <lei>549300RD6AJIMYC0HY12</lei>
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        <name>MPLX LP</name>
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        <title>MPLX LP</title>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>Targa Resources Corp.</title>
        <cusip>87612GAK7</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>UBS Commercial Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Campbell's Co. (The)</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Lightning Power LLC</name>
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        <name>Fenix Power Peru SA</name>
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        <name>Unigel Luxembourg SA</name>
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        <name>Interoceanica IV Finance Ltd.</name>
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        <name>Connecticut Avenue Securities Trust</name>
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        <name>Stack Infrastructure Issuer LLC</name>
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        <name>Alternative Loan Trust</name>
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        <name>Citigroup, Inc.</name>
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        <name>Mosaic Solar Loan Trust</name>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>Expedia Group, Inc.</name>
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        <name>Indonesia Asahan Aluminium PT</name>
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        <invCountry>ID</invCountry>
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        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>VeriSign, Inc.</name>
        <lei>LMPL4N8ZOJRMF0KOF759</lei>
        <title>VeriSign, Inc.</title>
        <cusip>92343EAQ5</cusip>
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        <name>AREIT Ltd.</name>
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        <name>Smurfit Kappa Treasury ULC</name>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Velocity Commercial Capital Loan Trust</name>
        <lei>N/A</lei>
        <title>Velocity Commercial Capital Loan Trust, Series 2019-1, Class M3</title>
        <cusip>92257CAD2</cusip>
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          <isin value="US92257CAD20"/>
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        <balance>138729.85000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119009.22000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.11999840</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Gas and Electric Co.</name>
        <lei>549300VJ8YXGPO8EV472</lei>
        <title>Oklahoma Gas and Electric Co.</title>
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        <balance>304000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>Bell Canada</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Canada</title>
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          <isin value="US0778FPAP47"/>
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        <balance>178000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178655.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>JBS USA Holding Lux Sarl</name>
        <lei>N/A</lei>
        <title>JBS USA Holding Lux Sarl</title>
        <cusip>46590XAM8</cusip>
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          <isin value="US46590XAM83"/>
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        <balance>236000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214785.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Verisk Analytics, Inc.</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>Verisk Analytics, Inc.</title>
        <cusip>92345YAJ5</cusip>
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          <isin value="US92345YAJ55"/>
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        <balance>296000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297375.01000000</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>2034-06-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Duquesne Light Holdings, Inc.</name>
        <lei>4CUJ1D8WDXK9X7QI6B93</lei>
        <title>Duquesne Light Holdings, Inc.</title>
        <cusip>266233AG0</cusip>
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          <isin value="US266233AG08"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334441.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.61600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Black Hills Corp.</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corp.</title>
        <cusip>092113AX7</cusip>
        <identifiers>
          <isin value="US092113AX77"/>
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        <balance>291000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299412.23000000</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>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marvell Technology, Inc.</name>
        <lei>N/A</lei>
        <title>Marvell Technology, Inc.</title>
        <cusip>573874AQ7</cusip>
        <identifiers>
          <isin value="US573874AQ74"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602341.95000000</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>2033-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
        <cusip>87264ADU6</cusip>
        <identifiers>
          <isin value="US87264ADU60"/>
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        <balance>183000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182832.52000000</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>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DQB47</cusip>
        <identifiers>
          <isin value="US3132DQB472"/>
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        <balance>3718391.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3746632.37000000</valUSD>
        <pctVal>0.713137088070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransCanada PipeLines Ltd.</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd.</title>
        <cusip>89352HAM1</cusip>
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          <isin value="US89352HAM16"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470678.40000000</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>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genuine Parts Co.</name>
        <lei>549300D46DQVEU651W04</lei>
        <title>Genuine Parts Co.</title>
        <cusip>372460AF2</cusip>
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          <isin value="US372460AF25"/>
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        <balance>299000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299782.78000000</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>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</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>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DBF1</cusip>
        <identifiers>
          <isin value="US05526DBF15"/>
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        <balance>269000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213246.76000000</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>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.54000000</annualizedRt>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp.</title>
        <cusip>758750AL7</cusip>
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          <isin value="US758750AL75"/>
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        <balance>116000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116920.16000000</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>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust, Series 2016-UB11, Class XA</title>
        <cusip>61767FBB6</cusip>
        <identifiers>
          <isin value="US61767FBB67"/>
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        <balance>702593.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9494.77000000</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>2049-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.43114760</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497687.00000000</valUSD>
        <pctVal>0.094730153081</pctVal>
        <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>
          <annualizedRt>7.90477920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
        <cusip>30040WAX6</cusip>
        <identifiers>
          <isin value="US30040WAX65"/>
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        <balance>153000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153179.81000000</valUSD>
        <pctVal>0.029156371073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>CLI Funding VIII LLC</name>
        <lei>254900Z4P82YK31RVL27</lei>
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        <name>JSW Hydro Energy Ltd.</name>
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        <name>WR Grace Holdings LLC</name>
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        <name>AES Espana BV</name>
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        <name>FHLMC Pool</name>
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        <name>CCO Holdings LLC</name>
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        <name>Fiserv, Inc.</name>
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        <name>RALI Trust</name>
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        <name>FNMA</name>
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        <name>DataBank Issuer</name>
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        <name>Rollins, Inc.</name>
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        <name>OneMain Finance Corp.</name>
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        <name>Braskem Netherlands Finance BV</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>TRTX Issuer Ltd.</name>
        <lei>N/A</lei>
        <title>TRTX Issuer Ltd., Series 2021-FL4, Class A</title>
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        <name>Dominion Energy, Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2016-DC2, Class XA</title>
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          <isin value="US12594CBG42"/>
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        <name>Arrow Electronics, Inc.</name>
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        <name>Husky Injection Molding Systems Ltd.</name>
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        <name>Octagon 53 Ltd.</name>
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        <name>BANK</name>
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        <name>Octagon Investment Partners 34 Ltd.</name>
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        <name>GNMA</name>
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        <title>GNMA</title>
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        <name>Freeport Indonesia PT</name>
        <lei>549300T4HTQHRKLNE619</lei>
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        <name>MetLife, Inc.</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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        <name>Huntington Bancshares, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mosaic Solar Loan Trust</name>
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        <title>Mosaic Solar Loan Trust, Series 2019-2A, Class B</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Veralto Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lima Metro Line 2 Finance Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Netflix, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>GNMA</name>
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        <name>Global Payments, Inc.</name>
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      <invstOrSec>
        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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      <invstOrSec>
        <name>ITC Holdings Corp.</name>
        <lei>549300HTO5U9D3SLE207</lei>
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        <name>Vital Energy, Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
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        <name>Staples, Inc.</name>
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        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
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        <name>AmWINS Group, Inc.</name>
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        <title>AmWINS Group, Inc.</title>
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        <name>Adani International Container Terminal Pvt Ltd.</name>
        <lei>335800J4SLERP6S94P28</lei>
        <title>Adani International Container Terminal Pvt Ltd.</title>
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        <name>SLG Office Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VBC3</cusip>
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          <isin value="US29273VBC37"/>
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        <balance>149000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151122.58000000</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>2054-10-01</maturityDt>
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      <invstOrSec>
        <name>Gold Fields Orogen Holdings BVI Ltd.</name>
        <lei>213800CLGJ2E9KGU2F20</lei>
        <title>Gold Fields Orogen Holdings BVI Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS1993965950"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>415000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>2138005NRONUFED1TZ38</lei>
        <title>Verus Securitization Trust, Series 2024-3, Class M1</title>
        <cusip>92540MAD7</cusip>
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          <isin value="US92540MAD74"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>758813.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-04-25</maturityDt>
          <couponKind>Variable</couponKind>
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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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        <balance>412000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>352343.68000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wand NewCo 3, Inc.</name>
        <lei>549300Y3VZEWMSQW8494</lei>
        <title>Wand NewCo 3, Inc.</title>
        <cusip>933940AA6</cusip>
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          <isin value="US933940AA60"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117731.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
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          <annualizedRt>7.62500000</annualizedRt>
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      <invstOrSec>
        <name>Dominican Republic Government Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP3579ECP09"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc.</title>
        <cusip>30303M8J4</cusip>
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          <isin value="US30303M8J41"/>
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        <balance>338000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285460.10000000</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>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>Foundry JV Holdco LLC</title>
        <cusip>350930AC7</cusip>
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          <isin value="US350930AC75"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517854.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</annualizedRt>
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      <invstOrSec>
        <name>STRU BMOC</name>
        <lei>N/A</lei>
        <title>STRU BMOC</title>
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          <other otherDesc="Inhouse Sedol" value="O197AE4"/>
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        <balance>2522000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
        <title>Progress Residential Trust, Series 2024-SFR5, Class C</title>
        <cusip>74332HAE6</cusip>
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          <isin value="US74332HAE62"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2574649.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-09</maturityDt>
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          <annualizedRt>3.25000080</annualizedRt>
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      <invstOrSec>
        <name>Prumo Participacoes e Investimentos S/A</name>
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        <title>Prumo Participacoes e Investimentos S/A</title>
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          <isin value="USP7922DAB03"/>
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        <balance>719718.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727786.66000000</valUSD>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>Lima Metro Line 2 Finance Ltd.</name>
        <lei>5493009BVQNQT1UKQ352</lei>
        <title>Lima Metro Line 2 Finance Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="USG54897AA45"/>
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        <balance>324566.84960000</balance>
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        <curCd>USD</curCd>
        <valUSD>326147.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-05</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
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        <balance>310000.00000000</balance>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-10</maturityDt>
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          <annualizedRt>6.95000000</annualizedRt>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="US428102AF45"/>
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        <balance>158000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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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>
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        <balance>97799.22260000</balance>
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        <curCd>USD</curCd>
        <valUSD>93217.40000000</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>4.87311840</annualizedRt>
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      <invstOrSec>
        <name>Brown &amp; Brown, Inc.</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>Brown &amp; Brown, Inc.</title>
        <cusip>115236AG6</cusip>
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          <isin value="US115236AG61"/>
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        <balance>293000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297013.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
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          <isin value="US50219QAL86"/>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67378.20000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-10</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amcor Flexibles North America, Inc.</name>
        <lei>PTVU09TE3QPJPL7K4E13</lei>
        <title>Amcor Flexibles North America, Inc.</title>
        <cusip>02344AAD0</cusip>
        <identifiers>
          <isin value="US02344AAD00"/>
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        <balance>77000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77625.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Directv Financing LLC</name>
        <lei>N/A</lei>
        <title>Directv Financing LLC</title>
        <cusip>25461LAA0</cusip>
        <identifiers>
          <isin value="US25461LAA08"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>203437.50000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>Fremont Home Loan Trust</name>
        <lei>N/A</lei>
        <title>Fremont Home Loan Trust, Series 2006-D, Class 1A1</title>
        <cusip>35729VAA5</cusip>
        <identifiers>
          <isin value="US35729VAA52"/>
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        <balance>4344489.64000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2389621.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.57458840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DoubleLine Global Bond Fund</name>
        <lei>5493008IO8R1K4RY7M95</lei>
        <title>DoubleLine Global Bond Fund, Class I</title>
        <cusip>258620699</cusip>
        <identifiers>
          <isin value="US2586206995"/>
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        <balance>431289.83300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3640086.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525686.57000000</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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          <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>InRetail Consumer</name>
        <lei>254900BI1YXHZ31NSP51</lei>
        <title>InRetail Consumer</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP56236AB16"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563400.00000000</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>2028-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</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>
      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>THL Credit Wind River CLO Ltd., Series 2014-2A, Class ER</title>
        <cusip>88432BAG3</cusip>
        <identifiers>
          <isin value="US88432BAG32"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>420867.50000000</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>2031-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.31358960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Alternative Loan Trust, Series 2006-19CB, Class A15</title>
        <cusip>02147QAQ5</cusip>
        <identifiers>
          <isin value="US02147QAQ55"/>
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        <balance>365903.20830000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209280.24000000</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>2036-08-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>
      <invstOrSec>
        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VCH4</cusip>
        <identifiers>
          <isin value="US29379VCH42"/>
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        <balance>294000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>283888.96000000</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>2055-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</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>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
        <cusip>31335BZJ8</cusip>
        <identifiers>
          <isin value="US31335BZJ87"/>
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        <balance>151701.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143166.22000000</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>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US12532ABB44"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>842707.08000000</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>2049-11-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80400000</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>Sealed Air Corp.</name>
        <lei>N/A</lei>
        <title>Sealed Air Corp.</title>
        <cusip>812127AB4</cusip>
        <identifiers>
          <isin value="US812127AB45"/>
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        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149893.75000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MF1 LLC</name>
        <lei>N/A</lei>
        <title>MF1 LLC, Series 2023-FL12, Class B</title>
        <cusip>59319MAE3</cusip>
        <identifiers>
          <isin value="US59319MAE30"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500906.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.49378160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US126281BB90"/>
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        <balance>85716.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1.14000000</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>2050-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.17107200</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Structured Mortgage Securities Corp.</name>
        <lei>N/A</lei>
        <title>Structured Mortgage Securities Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="O197D35"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3800000.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63660000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XGT66</cusip>
        <identifiers>
          <isin value="US3140XGT666"/>
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        <balance>2780902.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2527056.31000000</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>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140QR6C2</cusip>
        <identifiers>
          <isin value="US3140QR6C23"/>
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        <balance>1790697.80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1837032.28000000</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>2053-05-01</maturityDt>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THL Credit Wind River CLO Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-20</maturityDt>
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      <invstOrSec>
        <name>General Motors Financial Co., Inc.</name>
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        <title>General Motors Financial Co., Inc.</title>
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          <isin value="US37045XFG60"/>
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        <curCd>USD</curCd>
        <valUSD>176768.96000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-04</maturityDt>
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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226404.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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      <invstOrSec>
        <name>Storm King Park CLO Ltd.</name>
        <lei>N/A</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1003984.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
        <lei>21380048QROAMGM6EP30</lei>
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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>2034-01-25</maturityDt>
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      <invstOrSec>
        <name>Standard Building Solutions, Inc.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>Standard Building Solutions, Inc.</title>
        <cusip>853191AA2</cusip>
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          <isin value="US853191AA25"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95013.30000000</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>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Gas &amp; Electric Co.</name>
        <lei>KNIRVXKVNJJ4P8OTMS63</lei>
        <title>San Diego Gas &amp; Electric Co.</title>
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          <isin value="US797440CD44"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79158.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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      <invstOrSec>
        <name>Celanese US Holdings LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
        <title>Celanese US Holdings LLC</title>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43584.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Sound Point CLO XX Ltd.</name>
        <lei>549300RTEBF0FW35D815</lei>
        <title>Sound Point CLO XX Ltd., Series 2018-2A, Class C</title>
        <cusip>83611JAE5</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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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>2031-07-26</maturityDt>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RGQ9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <name>American Homes 4 Rent LP</name>
        <lei>549300N4PXZ37U8QKI55</lei>
        <title>American Homes 4 Rent LP</title>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
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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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Quest Diagnostics, Inc.</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>Quest Diagnostics, Inc.</title>
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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>2034-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3140LFP32</cusip>
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        <balance>2157590.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.46000000</annualizedRt>
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      <invstOrSec>
        <name>Adani Electricity Mumbai Ltd.</name>
        <lei>335800AIC1B5EBFVUC38</lei>
        <title>Adani Electricity Mumbai Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="XS2109438205"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170482.00000000</valUSD>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-12</maturityDt>
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          <annualizedRt>3.94900000</annualizedRt>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
        <cusip>146869AN2</cusip>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37056.25000000</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>2030-06-01</maturityDt>
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          <annualizedRt>11.00000160</annualizedRt>
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      <invstOrSec>
        <name>Goodgreen Trust</name>
        <lei>N/A</lei>
        <title>Goodgreen Trust, Series 2020-1A, Class A</title>
        <cusip>38217TAA3</cusip>
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          <isin value="US38217TAA34"/>
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        <balance>245111.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203993.41000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.63000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA, Series 2019-90, Class BF</title>
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        <name>Synopsys, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>Castlelake Aircraft Structured Trust</name>
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        <name>Clarios Global LP</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>Aligned Data Centers Issuer LLC</name>
        <lei>N/A</lei>
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        <name>Sabra Health Care LP</name>
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        <name>Republic of Colombia</name>
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        <name>FHLMC</name>
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        <name>United States of America</name>
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        <name>Devon Energy Corp.</name>
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        <name>CSMC Trust</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
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        <name>MACH 1 Cayman Ltd.</name>
        <lei>N/A</lei>
        <title>MACH 1 Cayman Ltd., Series 2019-1, Class A</title>
        <cusip>55446MAA5</cusip>
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        <invCountry>KY</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sapphire Aviation Finance II Ltd.</name>
        <lei>N/A</lei>
        <title>Sapphire Aviation Finance II Ltd., Series 2020-1A, Class A</title>
        <cusip>80307AAA7</cusip>
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          <isin value="US80307AAA79"/>
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        <curCd>USD</curCd>
        <valUSD>256656.73000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.22800000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Sabre GLBL, Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL, Inc.</title>
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          <isin value="US78573NAJ19"/>
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        <balance>59000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58373.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LCM 28 Ltd.</name>
        <lei>N/A</lei>
        <title>LCM 28 Ltd., Series 28A, Class D</title>
        <cusip>50200WAE2</cusip>
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          <isin value="US50200WAE21"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491771.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-20</maturityDt>
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      <invstOrSec>
        <name>Fideicomiso PA Pacifico Tres</name>
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        <title>Fideicomiso PA Pacifico Tres</title>
        <cusip>N/A</cusip>
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          <isin value="USP40689AA21"/>
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        <curCd>USD</curCd>
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        <invCountry>CO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <balance>265564.45000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, Inc.</title>
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          <isin value="US92343VFE92"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465105.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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      <invstOrSec>
        <name>MidOcean Credit CLO III</name>
        <lei>549300XSCUX0ONI5KZ96</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-21</maturityDt>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>Extra Space Storage LP</title>
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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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>AppLovin Corp.</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>AppLovin Corp.</title>
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          <isin value="US03831WAC29"/>
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        <balance>152000.00000000</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>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1435969.51000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-02-25</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>JP MORGAN PRIME VAR 12/50</name>
        <lei>N/A</lei>
        <title>JPMorgan Prime Money Market Fund, IM Shares</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Micron Technology, Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology, Inc.</title>
        <cusip>595112CE1</cusip>
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          <isin value="US595112CE14"/>
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        <balance>439000.00000000</balance>
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        <valUSD>447398.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>Sun Communities Operating LP</name>
        <lei>549300PUNBPJCGT6X741</lei>
        <title>Sun Communities Operating LP</title>
        <cusip>866677AE7</cusip>
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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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      <invstOrSec>
        <name>Olin Corp.</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>Olin Corp.</title>
        <cusip>680665AN6</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emirates Semb Corp. Water &amp; Power Co. PJSC</name>
        <lei>213800FF7EXWECXGTO26</lei>
        <title>Emirates Semb Corp. Water &amp; Power Co. PJSC</title>
        <cusip>29135EAA4</cusip>
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        <curCd>USD</curCd>
        <valUSD>463740.00000000</valUSD>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>3622ABYY2</cusip>
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          <isin value="US3622ABYY25"/>
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        <balance>2904425.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2551957.98000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Agree LP</name>
        <lei>549300DXY3G299V1BO77</lei>
        <title>Agree LP</title>
        <cusip>008513AC7</cusip>
        <identifiers>
          <isin value="US008513AC74"/>
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        <balance>149000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121162.24000000</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>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
        <cusip>032095AS0</cusip>
        <identifiers>
          <isin value="US032095AS07"/>
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        <name>CNX Resources Corp.</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>Minsur SA</name>
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        <name>Iron Mountain, Inc.</name>
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        <name>Republic of Guatemala</name>
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        <name>FNMA</name>
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        <title>UMBS</title>
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        <name>Harvest Midstream I LP</name>
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        <name>Citizens Financial Group, Inc.</name>
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      <invstOrSec>
        <name>Kallpa Generacion SA</name>
        <lei>549300NG1PWEI5BZG095</lei>
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        <cusip>N/A</cusip>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intercorp Financial Services, Inc.</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>Intercorp Financial Services, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="USP5626FAA05"/>
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        <curCd>USD</curCd>
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        <invCountry>PA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US3136A8QV50"/>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Barings CLO Ltd.</name>
        <lei>549300JIWL5GWW2H2336</lei>
        <title>Barings CLO Ltd., Series 2019-2A, Class D1RR</title>
        <cusip>06761HBA5</cusip>
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          <isin value="US06761HBA59"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
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      <invstOrSec>
        <name>MF1 LLC</name>
        <lei>N/A</lei>
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        <cusip>55416AAC3</cusip>
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          <isin value="US55416AAC36"/>
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        <balance>530000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-19</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Cosan Overseas Ltd.</name>
        <lei>222100V5GTJGKUH55655</lei>
        <title>Cosan Overseas Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="XS0556373347"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-05</maturityDt>
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      <invstOrSec>
        <name>Dealer Tire LLC</name>
        <lei>N/A</lei>
        <title>Dealer Tire LLC</title>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116250.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>Canyon Capital CLO Ltd.</name>
        <lei>549300W778MFSPI8C872</lei>
        <title>Canyon Capital CLO Ltd., Series 2014-1A, Class CR</title>
        <cusip>13875LAU2</cusip>
        <identifiers>
          <isin value="US13875LAU26"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499454.00000000</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>2031-01-30</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Minerva Luxembourg SA</name>
        <lei>222100NM3G3RCPGZ2Z17</lei>
        <title>Minerva Luxembourg SA</title>
        <cusip>603374AH2</cusip>
        <identifiers>
          <isin value="US603374AH26"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212190.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.87500000</annualizedRt>
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      <invstOrSec>
        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co.</title>
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          <isin value="US576485AG13"/>
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        <balance>160000.00000000</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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          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Carlyle US CLO</name>
        <lei>N/A</lei>
        <title>Carlyle US CLO, Series 2024-4A, Class D</title>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140X9WX9</cusip>
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          <isin value="US3140X9WX95"/>
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        <balance>6518125.91000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Griffon Corp.</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp.</title>
        <cusip>398433AP7</cusip>
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          <isin value="US398433AP71"/>
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        <balance>235000.00000000</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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2020-555, Class F</title>
        <cusip>17328EAL2</cusip>
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          <isin value="US17328EAL20"/>
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        <balance>364000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Airfinance Holdings Ltd.</name>
        <lei>549300MCGUSL5B852H65</lei>
        <title>Macquarie Airfinance Holdings Ltd.</title>
        <cusip>55609NAE8</cusip>
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        <balance>39000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38444.88000000</valUSD>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ellucian Holdings, Inc.</name>
        <lei>549300RP8NIJ7FY7OS79</lei>
        <title>Ellucian Holdings, Inc.</title>
        <cusip>289178AA3</cusip>
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          <isin value="US289178AA37"/>
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        <balance>185000.00000000</balance>
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        <valUSD>181762.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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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 2016-C31, Class B</title>
        <cusip>61766RBD7</cusip>
        <identifiers>
          <isin value="US61766RBD70"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>459182.90000000</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>Variable</couponKind>
          <annualizedRt>3.88000080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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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      <invstOrSec>
        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Peru</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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        <name>Arizona Public Service Co.</name>
        <lei>YG6VT0TPHRH4TFVAQV64</lei>
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          <isin value="US040555DH45"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
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        <name>NJ Trust</name>
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          <isin value="US65486XAA19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NGPL PipeCo LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Aeropuertos Dominicanos Siglo XXI SA</name>
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        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Unigel Luxembourg SA</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>Banc of America Funding Trust</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>DT Midstream, Inc.</name>
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        <name>Neighborly Issuer LLC</name>
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        <name>Sociedad de Transmision Austral SA</name>
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        <title>Sociedad de Transmision Austral SA</title>
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        <invCountry>CL</invCountry>
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      <invstOrSec>
        <name>Aethon United BR LP</name>
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        <name>Brand Industrial Services, Inc.</name>
        <lei>549300B658W2BPDQMW42</lei>
        <title>Brand Industrial Services, Inc.</title>
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        <name>USQ Rail III LLC</name>
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          <isin value="US90354PAA57"/>
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        <name>Tallgrass Energy Partners LP</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Movida Europe SA</name>
        <lei>549300YRJE0V6QKU7C86</lei>
        <title>Movida Europe SA</title>
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        <balance>400000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-11</maturityDt>
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          <annualizedRt>7.85000000</annualizedRt>
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      <invstOrSec>
        <name>Dell, Inc.</name>
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      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <name>FHLMC Pool</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DataBank Issuer</name>
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          <isin value="US23802WAA99"/>
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      <invstOrSec>
        <name>GreenPoint Mortgage Funding Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
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        <balance>174000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119317.77000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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 2018-1A, Class D</title>
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        <invCountry>KY</invCountry>
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        <name>Macquarie Airfinance Holdings Ltd.</name>
        <lei>549300MCGUSL5B852H65</lei>
        <title>Macquarie Airfinance Holdings Ltd.</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>Bridge Street CLO II Ltd.</name>
        <lei>N/A</lei>
        <title>Bridge Street CLO II Ltd., Series 2021-1A, Class A1A</title>
        <cusip>10806JAA1</cusip>
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        <balance>500000.00000000</balance>
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        <invCountry>KY</invCountry>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCC4</cusip>
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        <balance>300000.00000000</balance>
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        <invCountry>MX</invCountry>
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        <name>Cummins, Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>Cummins, Inc.</title>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAB7</cusip>
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        <name>GNL Quintero SA</name>
        <lei>549300JJJIQXE6E1QY27</lei>
        <title>GNL Quintero SA</title>
        <cusip>N/A</cusip>
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        <balance>423680.00000000</balance>
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        <invCountry>CL</invCountry>
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        <name>Republic of Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Republic of Guatemala</title>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-10</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2021-C12, Class XD</title>
        <cusip>05552XAA6</cusip>
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          <isin value="US05552XAA63"/>
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        <balance>9899000.00000000</balance>
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        <name>Aligned Data Centers Issuer LLC</name>
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        <name>Imperial Fund Mortgage Trust</name>
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        <name>Athene Holding Ltd.</name>
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        <name>Glencore Funding LLC</name>
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        <name>Wells Fargo Alternative Loan Trust</name>
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        <name>EMRLD Borrower LP</name>
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        <name>Michaels Cos., Inc. (The)</name>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <name>Energy Transfer LP</name>
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        <name>United States of America</name>
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        <name>Bank of America Corp.</name>
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        <name>ABFC Trust</name>
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        <name>Hilcorp Energy I LP</name>
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        <name>American Tower Corp.</name>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <name>Medco Laurel Tree Pte. Ltd.</name>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
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        <name>Adani Electricity Mumbai Ltd.</name>
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        <name>Gilead Aviation LLC</name>
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        <name>CyrusOne Data Centers Issuer I LLC</name>
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        <name>UBS-Barclays Commercial Mortgage Trust</name>
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        <name>Golub Capital BDC, Inc.</name>
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        <name>Qorvo, Inc.</name>
        <lei>254900YAUJV2EUEVBR11</lei>
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        <name>Berry Global, Inc.</name>
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        <name>Fortress Transportation and Infrastructure Investors LLC</name>
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        <name>CSX Corp.</name>
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        <name>FNMA</name>
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        <name>Gulfport Energy Operating Corp.</name>
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        <name>Corp. Nacional del Cobre de Chile</name>
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        <name>Carvana Co.</name>
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        <name>VT Topco, Inc.</name>
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        <name>FHLMC STACR REMIC Trust</name>
        <lei>5493000ISA3AUOXQEF68</lei>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>Hexcel Corp.</name>
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        <name>JOL Air Ltd.</name>
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        <name>Quikrete Holdings, Inc.</name>
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        <name>Banc of America Funding Trust</name>
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        <name>Macquarie Airfinance Holdings Ltd.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Rivers Enterprise Borrower LLC</name>
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      <invstOrSec>
        <name>Videotron Ltd.</name>
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      <invstOrSec>
        <name>Berry Global, Inc.</name>
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        <title>Berry Global, Inc.</title>
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      <invstOrSec>
        <name>HUB International Ltd.</name>
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        <title>HUB International Ltd.</title>
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        <name>Morgan Stanley Capital I Trust</name>
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          <couponKind>Fixed</couponKind>
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        <name>FHLMC</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US90276WAX56"/>
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      <invstOrSec>
        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
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        <name>UKG, Inc.</name>
        <lei>529900FKHWSTQ1GXK240</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AAR Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>AAR Escrow Issuer LLC</title>
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        <balance>115000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DSM74</cusip>
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        <name>IQVIA, Inc.</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA, Inc.</title>
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        <name>Goldman Sachs Group, Inc. (The)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. (The)</title>
        <cusip>38141GC28</cusip>
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        <invCountry>US</invCountry>
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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>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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          <maturityDt>2029-07-03</maturityDt>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO Mortgage Trust, Series 2024-5C3, Class AS</title>
        <cusip>09660QAW4</cusip>
        <identifiers>
          <isin value="US09660QAW42"/>
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        <balance>516000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.28580160</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Light &amp; Wonder International, Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <name>Kingdom of Morocco</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Nationstar Mortgage Holdings, Inc.</name>
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        <name>INVESCO GOVT AND AGCY LEX</name>
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        <name>FHLMC Pool</name>
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        <name>LCCM</name>
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        <name>Chord Energy Corp.</name>
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        <name>Kestrel Aircraft Funding Ltd.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Illuminate Buyer LLC</name>
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        <name>Sempra</name>
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        <name>Raizen Fuels Finance SA</name>
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        <name>Santander Holdings USA, Inc.</name>
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        <title>Santander Holdings USA, Inc.</title>
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        <name>Ecopetrol SA</name>
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      <invstOrSec>
        <name>Entergy Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <title>American Tower Corp.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Victra Holdings LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Renesas Electronics Corp.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-25</maturityDt>
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      <invstOrSec>
        <name>Banco Industrial SA</name>
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        <curCd>USD</curCd>
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        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gray Media, Inc.</name>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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          <isin value="US3132DS3E01"/>
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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>2054-04-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>JSW Hydro Energy Ltd.</name>
        <lei>3358006ZP5KO7VUH2790</lei>
        <title>JSW Hydro Energy Ltd.</title>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>VEGAS Trust</name>
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        <name>Termocandelaria Power SA</name>
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        <name>Clydesdale Acquisition Holdings, Inc.</name>
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        <name>American National Group, Inc.</name>
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        <name>Pertamina Persero PT</name>
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        <name>Triumph Rail Holdings LLC</name>
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        <name>Digicel Group Holdings Ltd.</name>
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        <name>Wells Fargo Alternative Loan Trust</name>
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        <name>KeyCorp</name>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3138ERWV8</cusip>
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      <invstOrSec>
        <name>Carnival Corp.</name>
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        <name>M&amp;T Bank Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>AASET</name>
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      <invstOrSec>
        <name>FNMA</name>
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        <name>Chile Electricity PEC SpA</name>
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        <name>Digital Realty Trust LP</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
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        <name>Medco Oak Tree Pte. Ltd.</name>
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        <name>Cougar JV Subsidiary LLC</name>
        <lei>N/A</lei>
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        <name>Americold Realty Operating Partnership LP</name>
        <lei>549300FKD9KVWNHSUU79</lei>
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      <invstOrSec>
        <name>Canacol Energy Ltd.</name>
        <lei>549300X5MNRWPMSM9N14</lei>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
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        <name>Benchmark Mortgage Trust</name>
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      <invstOrSec>
        <name>MasTec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec, Inc.</title>
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      <invstOrSec>
        <name>Galaxy Pipeline Assets Bidco Ltd.</name>
        <lei>549300L82YB0C6JQIC26</lei>
        <title>Galaxy Pipeline Assets Bidco Ltd.</title>
        <cusip>N/A</cusip>
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        <balance>359896.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

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        <name>Avolon Holdings Funding Ltd.</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
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        <name>Westpac Banking Corp.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Workday, Inc.</name>
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        <name>Duke Energy Corp.</name>
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        <name>TAL Advantage VII LLC</name>
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        <name>JP Morgan Chase Commercial Mortgage Securities Trust</name>
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        <name>TFDXX LEX BLACKROCK FED FUND</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>Galaxy Xxviii CLO Ltd.</name>
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        <name>Mavis Tire Express Services Topco Corp.</name>
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        <name>Huntington Bancshares, Inc.</name>
        <lei>549300XTVCVV9I7B5T19</lei>
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        <name>DISH DBS Corp.</name>
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        <name>PennyMac Financial Services, Inc.</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PennyMac Financial Services, Inc.</title>
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        <name>US Foods, Inc.</name>
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        <name>Garda World Security Corp.</name>
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        <name>Atlassian Corp.</name>
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        <name>Centene Corp.</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Switch ABS Issuer LLC</name>
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        <name>FHLMC Pool</name>
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        <name>VICI Properties LP</name>
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        <name>Flowers Foods, Inc.</name>
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        <name>Hyatt Hotels Corp.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
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        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
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        <name>SM Energy Co.</name>
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        <name>Radiology Partners, Inc.</name>
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        <name>Miter Brands Acquisition Holdco, Inc.</name>
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        <name>Laboratory Corp. of America Holdings</name>
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        <name>Enel Finance International NV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rio Tinto Finance USA plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GNMA</name>
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          <couponKind>Fixed</couponKind>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
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        <name>Southern Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
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        <name>Dryden 43 Senior Loan Fund</name>
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        <balance>500000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <name>Trestles CLO VI Ltd.</name>
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        <cusip>894940AQ8</cusip>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>T-Mobile USA, Inc.</name>
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        <title>T-Mobile USA, Inc.</title>
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        <name>Crown Point CLO IV Ltd.</name>
        <lei>N/A</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <name>Sunrun Atlas Issuer LLC</name>
        <lei>N/A</lei>
        <title>Sunrun Atlas Issuer LLC, Series 2019-2, Class A</title>
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        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.30000000</annualizedRt>
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        <name>Intuit, Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit, Inc.</title>
        <cusip>46124HAH9</cusip>
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        <balance>257000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Digicel Group Holdings Ltd., Series 2B14</title>
        <cusip>25381HAH1</cusip>
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        <name>NCL Corp. Ltd.</name>
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        <name>Madison IAQ LLC</name>
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        <name>CSAIL Commercial Mortgage Trust</name>
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        <name>JetBlue Airways Corp.</name>
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        <name>Acu Petroleo Luxembourg Sarl</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>Ashtead Capital, Inc.</name>
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        <name>BNP Paribas SA</name>
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        <name>Sydney Airport Finance Co. Pty. Ltd.</name>
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        <name>Broadcom, Inc.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom, Inc.</title>
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        <name>Citigroup, Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup, Inc.</title>
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        <name>Sabre GLBL, Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL, Inc.</title>
        <cusip>78573NAL6</cusip>
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        <name>Morgan Stanley Capital I Trust</name>
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        <name>Stichting Administratiekantoor Unigel Creditors</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>Caesars Entertainment, Inc.</name>
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        <name>Mexico Generadora de Energia S de rl</name>
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        <name>Sound Point CLO XXXII Ltd.</name>
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        <name>FNMA</name>
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        <name>Sonoco Products Co.</name>
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        <name>Southwestern Electric Power Co.</name>
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        <name>CAP SA</name>
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        <name>Aviation Capital Group LLC</name>
        <lei>549300ODEK8HY3445C77</lei>
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        <name>CaixaBank SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
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        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
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        <name>Cantor Commercial Real Estate Lending</name>
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        <name>Southern Co. (The)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61747YFB65"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150896.37000000</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>2038-01-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.94800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pike Corp.</name>
        <lei>549300P4EKEP6HK0NC58</lei>
        <title>Pike Corp.</title>
        <cusip>721283AB5</cusip>
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          <isin value="US721283AB55"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94864.50000000</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>2031-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KREF Ltd.</name>
        <lei>54930083ELM2GCMVTQ91</lei>
        <title>KREF Ltd., Series 2021-FL2, Class AS</title>
        <cusip>48275RAC1</cusip>
        <identifiers>
          <isin value="US48275RAC16"/>
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        <balance>410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401459.00000000</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>2039-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.73365880</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co.</title>
        <cusip>233331AY3</cusip>
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          <isin value="US233331AY31"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292304.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Transocean Poseidon Ltd.</name>
        <lei>N/A</lei>
        <title>Transocean Poseidon Ltd.</title>
        <cusip>89383JAA6</cusip>
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          <isin value="US89383JAA60"/>
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        <balance>110250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109147.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2020-420K, Class D</title>
        <cusip>17328QAG6</cusip>
        <identifiers>
          <isin value="US17328QAG64"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303975.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.31176960</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033GDQ0</cusip>
        <identifiers>
          <isin value="US88033GDQ01"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194268.75000000</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>2030-06-15</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>AdaptHealth LLC</name>
        <lei>N/A</lei>
        <title>AdaptHealth LLC</title>
        <cusip>00653VAE1</cusip>
        <identifiers>
          <isin value="US00653VAE11"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91000.00000000</valUSD>
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        <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>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2024-V9, Class A3</title>
        <cusip>081919AN2</cusip>
        <identifiers>
          <isin value="US081919AN29"/>
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        <balance>528000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540253.03000000</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>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60190000</annualizedRt>
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        <securityLending>
          <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>65339KDB3</cusip>
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          <isin value="US65339KDB35"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class XA</title>
        <cusip>95001FBA2</cusip>
        <identifiers>
          <isin value="US95001FBA21"/>
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        <balance>716178.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15301.22000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.37187720</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
        <cusip>14149YAW8</cusip>
        <identifiers>
          <isin value="US14149YAW84"/>
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        <balance>301000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257539.99000000</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>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
        <cusip>202712BX2</cusip>
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          <isin value="US202712BX27"/>
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        <balance>348000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343701.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.92900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <cusip>68389FKS2</cusip>
        <identifiers>
          <isin value="US68389FKS29"/>
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        <balance>3164000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00459040</annualizedRt>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO Mortgage Trust, Series 2024-5C6, Class A3</title>
        <cusip>05593QAC8</cusip>
        <identifiers>
          <isin value="US05593QAC87"/>
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        <balance>527000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.31610000</annualizedRt>
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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>
        <identifiers>
          <isin value="US48128KAZ49"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489377.28000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70122120</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>3622ABGW6</cusip>
        <identifiers>
          <isin value="US3622ABGW60"/>
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        <balance>3398565.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2882717.93000000</valUSD>
        <pctVal>0.548698902723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>Mong Duong Finance Holdings BV</name>
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        <name>Cometa Energia SA de CV</name>
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        <name>Unigel Luxembourg SA</name>
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        <name>AbbVie, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>Movida Europe SA</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Adani International Container Terminal Pvt. Ltd.</name>
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        <name>FHLMC Pool</name>
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        <name>Fertitta Entertainment LLC</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>Sirius XM Radio LLC</name>
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        <name>Figure Line of Credit Trust</name>
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        <name>Cheniere Energy, Inc.</name>
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        <name>Niagara Energy SAC</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Amentum Holdings, Inc.</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>Amentum Holdings, Inc.</title>
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        <name>Sound Point CLO XXIV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adani Transmission Step-One Ltd.</name>
        <lei>335800Z8CGS7O7D72N41</lei>
        <title>Adani Transmission Step-One Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="XS2080214864"/>
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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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          <maturityDt>2036-05-21</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>APH Somerset Investor 2 LLC</name>
        <lei>N/A</lei>
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        <cusip>00188QAA4</cusip>
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        <balance>60000.00000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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      <invstOrSec>
        <name>Canyon CLO Ltd.</name>
        <lei>549300IVUME0ILZ1W208</lei>
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          <isin value="US13876LBC00"/>
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        <curCd>USD</curCd>
        <valUSD>500897.00000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-15</maturityDt>
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        <name>Kyndryl Holdings, Inc.</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings, Inc.</title>
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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>2041-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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      <invstOrSec>
        <name>XPO, Inc.</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO, Inc.</title>
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          <isin value="US98379KAB89"/>
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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>2031-06-01</maturityDt>
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          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818FB9</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485890.35000000</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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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>Host Hotels &amp; Resorts LP</name>
        <lei>FXB7X4WXVA8QPMNOGS12</lei>
        <title>Host Hotels &amp; Resorts LP</title>
        <cusip>44107TBB1</cusip>
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        <balance>305000.00000000</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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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353TAP5</cusip>
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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>2034-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
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        <cusip>709599CB8</cusip>
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        <balance>304000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307151.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Wind River CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Wind River CLO Ltd., Series 2021-4A, Class A</title>
        <cusip>97316UAA6</cusip>
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          <isin value="US97316UAA60"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499551.00000000</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>2035-01-20</maturityDt>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp.</title>
        <cusip>26441CCF0</cusip>
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        <balance>213000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <name>AT&amp;T, Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T, Inc.</title>
        <cusip>00206RKJ0</cusip>
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          <isin value="US00206RKJ04"/>
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        <balance>872000.00000000</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>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
        <title>Expedia Group, Inc.</title>
        <cusip>30212PBL8</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>Xcel Energy, Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy, Inc.</title>
        <cusip>98389BAR1</cusip>
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        <balance>750000.00000000</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>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AQ2</cusip>
        <identifiers>
          <isin value="US279158AQ26"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>472500.00000000</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>2051-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>95000U3A9</cusip>
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          <isin value="US95000U3A91"/>
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        <balance>259000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259465.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.80800000</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>AthenaHealth Group, Inc.</name>
        <lei>254900AA3KZN4Q7A5Z33</lei>
        <title>AthenaHealth Group, Inc.</title>
        <cusip>60337JAA4</cusip>
        <identifiers>
          <isin value="US60337JAA43"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98568.75000000</valUSD>
        <pctVal>0.018761656978</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>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Petroleos del Peru SA</name>
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        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MF1</name>
        <lei>N/A</lei>
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        <balance>530000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Point Park CLO Ltd.</name>
        <lei>549300639DPKTBUSCC77</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triton Container Finance VIII LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Consolidated Communications, Inc.</name>
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      <invstOrSec>
        <name>Ownit Mortgage Loan Trust</name>
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        <name>HomeBanc Mortgage Trust</name>
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        <name>FNMA</name>
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        <name>Entergy Arkansas LLC</name>
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        <name>Crown Castle, Inc.</name>
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        <name>ING Groep NV</name>
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        <name>Unigel Luxembourg SA</name>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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        <name>Subway Funding LLC</name>
        <lei>N/A</lei>
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        <name>Bank of Montreal</name>
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        <invCountry>CA</invCountry>
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        <name>Alliant Holdings Intermediate LLC</name>
        <lei>N/A</lei>
        <title>Alliant Holdings Intermediate LLC</title>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
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        <name>BCPE Empire Holdings, Inc.</name>
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        <name>AMSR Trust</name>
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        <name>BANK5</name>
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        <name>Duke Energy Corp.</name>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Medline Borrower LP</name>
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        <name>HF Sinclair Corp.</name>
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        <name>Life Time, Inc.</name>
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        <name>BDS LLC</name>
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      <invstOrSec>
        <name>Veritiv Operating Co.</name>
        <lei>5493004G8OK5L1UTIY12</lei>
        <title>Veritiv Operating Co.</title>
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          <isin value="US92339LAA08"/>
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        <valUSD>100462.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
        <title>Eastern Energy Gas Holdings LLC</title>
        <cusip>27636AAA0</cusip>
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          <isin value="US27636AAA07"/>
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        <valUSD>294847.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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          <isin value="US718172DJ54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-13</maturityDt>
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      <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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cathedral Lake VIII Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US14919GAG01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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        <cusip>17328RBC2</cusip>
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          <isin value="US17328RBC25"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>200 Park Funding Trust</name>
        <lei>N/A</lei>
        <title>200 Park Funding Trust</title>
        <cusip>901928AA9</cusip>
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        <balance>347000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dcli Bidco LLC</name>
        <lei>2549007UUVJTHHNK9T70</lei>
        <title>Dcli Bidco LLC</title>
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        <balance>95000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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      <invstOrSec>
        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-19</maturityDt>
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      <invstOrSec>
        <name>MV24 Capital BV</name>
        <lei>N/A</lei>
        <title>MV24 Capital BV</title>
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        <invCountry>NL</invCountry>

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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 2015-C30, Class XA</title>
        <cusip>94989NBH9</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-09-15</maturityDt>
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        <name>Royalty Pharma plc</name>
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        <title>Royalty Pharma plc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Omega Healthcare Investors, Inc.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>Omega Healthcare Investors, Inc.</title>
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        <name>AEP Texas, Inc.</name>
        <lei>5493001L78U618KXNZ75</lei>
        <title>AEP Texas, Inc.</title>
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      <invstOrSec>
        <name>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-09</maturityDt>
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      <invstOrSec>
        <name>Chile Electricity Lux Mpc II Sarl</name>
        <lei>N/A</lei>
        <title>Chile Electricity Lux Mpc II Sarl</title>
        <cusip>16882LAB8</cusip>
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        <balance>200000.00000000</balance>
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        <valUSD>200112.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-20</maturityDt>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2019-B13, Class A3</title>
        <cusip>08162DAD0</cusip>
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          <isin value="US08162DAD03"/>
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        <balance>525000.00000000</balance>
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        <name>United Natural Foods, Inc.</name>
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        <name>FNMA</name>
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        <name>CSN Resources SA</name>
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        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-08</maturityDt>
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        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
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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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          <maturityDt>2027-07-30</maturityDt>
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      <invstOrSec>
        <name>Cook Park CLO Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US21623PAJ66"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
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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>2031-01-15</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Suntrust Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-25</maturityDt>
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        <name>Dominican Republic Government Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic Government Bond</title>
        <cusip>N/A</cusip>
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          <isin value="USP3579ECH82"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272550.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>APA Corp.</name>
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        <name>THL Credit Wind River CLO Ltd.</name>
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        <name>Park Intermediate Holdings LLC</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>WAVE LLC</name>
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        <name>FHLMC STACR REMIC Trust</name>
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        <name>LD Celulose International GmbH</name>
        <lei>529900EHUSQJVOTP9J45</lei>
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        <name>Charter Communications Operating LLC</name>
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        <title>Charter Communications Operating LLC</title>
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        <invCountry>US</invCountry>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
        <cusip>53219LAX7</cusip>
        <identifiers>
          <isin value="US53219LAX73"/>
        </identifiers>
        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157801.05000000</valUSD>
        <pctVal>0.030035981697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="146187.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888HAA1</cusip>
        <identifiers>
          <isin value="US17888HAA14"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82400.00000000</valUSD>
        <pctVal>0.015684083799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>91282CLF6</cusip>
        <identifiers>
          <isin value="US91282CLF67"/>
        </identifiers>
        <balance>31000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30139626.00000000</valUSD>
        <pctVal>5.736801212008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284VAQ4</cusip>
        <identifiers>
          <isin value="US46284VAQ41"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34606.25000000</valUSD>
        <pctVal>0.006586982099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>Mars, Inc.</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars, Inc.</title>
        <cusip>571676BC8</cusip>
        <identifiers>
          <isin value="US571676BC81"/>
        </identifiers>
        <balance>308000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305091.53000000</valUSD>
        <pctVal>0.058071372852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EQ Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Walsh</ncom:signature>
      <ncom:signerName>Brian Walsh</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
