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        <name>Carnival Corp.</name>
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        <name>McGraw-Hill Education, Inc.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nassau Ltd.</name>
        <lei>5493003RNMF4L18JF715</lei>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Paychex, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Progress Residential Trust</name>
        <lei>N/A</lei>
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        <balance>5000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vivint Solar Financing V LLC</name>
        <lei>N/A</lei>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NiSource, Inc.</name>
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        <title>NiSource, Inc.</title>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-30</maturityDt>
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      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
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        <balance>45000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Republic of Paraguay</name>
        <lei>529900UXKJTJPCU0HK83</lei>
        <title>Republic of Paraguay</title>
        <cusip>N/A</cusip>
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          <isin value="USP75744AE59"/>
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        <balance>543000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541914.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-27</maturityDt>
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          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>ICG US CLO I Ltd.</name>
        <lei>213800Z9YRS87E5MLP40</lei>
        <title>ICG US CLO I Ltd., Series 2023-1A, Class AR</title>
        <cusip>449278AJ9</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</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>2038-07-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2021-B23, Class XA</title>
        <cusip>08162RAF4</cusip>
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          <isin value="US08162RAF47"/>
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        <balance>4799801.53000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247021.31000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.36236240</annualizedRt>
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        <name>Phillips Edison Grocery Center Operating Partnership I LP</name>
        <lei>549300WUPIVS6ZE0ZI51</lei>
        <title>Phillips Edison Grocery Center Operating Partnership I LP</title>
        <cusip>71845JAB4</cusip>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Amortizing Residential Collateral Trust</name>
        <lei>N/A</lei>
        <title>Amortizing Residential Collateral Trust, Series 2002-BC10, Class M1</title>
        <cusip>86359AHE6</cusip>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Simpar Europe SA</name>
        <lei>54930068BSUST41D5C30</lei>
        <title>Simpar Europe SA</title>
        <cusip>N/A</cusip>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Brighthouse Financial Global Funding</name>
        <lei>549300BLFX3KJ2IFOA78</lei>
        <title>Brighthouse Financial Global Funding</title>
        <cusip>10921U2E7</cusip>
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        <balance>170000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-28</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>American National Group, Inc.</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American National Group, Inc.</title>
        <cusip>025676AQ0</cusip>
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        <balance>395000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>718172DB2</cusip>
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        <balance>276000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>KUO SAB de CV</name>
        <lei>549300WIYIAVCFZI6Z04</lei>
        <title>KUO SAB de CV</title>
        <cusip>N/A</cusip>
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          <isin value="USP4954BAF33"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Transocean, Inc.</name>
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      <invstOrSec>
        <name>Velocity Commercial Capital Loan Trust</name>
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      <invstOrSec>
        <name>JSW Infrastructure Ltd.</name>
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        <name>EIDP, Inc.</name>
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      <invstOrSec>
        <name>BX Trust</name>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Massachusetts Mutual Life Insurance Co.</name>
        <lei>R6ZXK5P01NP6HXSY1S07</lei>
        <title>Massachusetts Mutual Life Insurance Co.</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Vale Overseas Ltd.</name>
        <lei>254900BA3U6G5DNV5V04</lei>
        <title>Vale Overseas Ltd.</title>
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        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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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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        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <name>Icon Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>Icon Investments Six DAC</title>
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        <invCountry>IE</invCountry>

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        <name>GGAM Finance Ltd.</name>
        <lei>254900X2QXEN0FVXRF65</lei>
        <title>GGAM Finance Ltd.</title>
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        <name>Magnetite XXIII Ltd.</name>
        <lei>549300WG00K34O9YA435</lei>
        <title>Magnetite XXIII Ltd., Series 2019-23A, Class DR</title>
        <cusip>55954NAQ2</cusip>
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        <name>Yinson Bergenia Production BV</name>
        <lei>549300JDIAWKPMZD5256</lei>
        <title>Yinson Bergenia Production BV</title>
        <cusip>98585VAA6</cusip>
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        <balance>200000.00000000</balance>
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        <valUSD>202180.00000000</valUSD>
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        <invCountry>NL</invCountry>

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      <invstOrSec>
        <name>Voya CLO Ltd.</name>
        <lei>549300JHU3YI1LLL3V27</lei>
        <title>Voya CLO Ltd., Series 2014-4A, Class DR</title>
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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>
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        <name>Level 3 Financing, Inc.</name>
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        <name>Mitsubishi UFJ Financial Group, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CRH SMW Finance DAC</name>
        <lei>54930044475SH442C864</lei>
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        <invCountry>IE</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC</name>
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        <issuerCat>USGSE</issuerCat>
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          <maturityDt>2041-11-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Comerica, Inc.</name>
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        <name>Northrop Grumman Corp.</name>
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        <name>Aircastle Ltd.</name>
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        <name>Transelec SA</name>
        <lei>549300DPF7MAL5F6CR86</lei>
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        <name>RALI Trust</name>
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        <name>Post Holdings, Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>Braskem Idesa SAPI</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <name>Icon Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>Icon Investments Six DAC</title>
        <cusip>45115AAC8</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Upland CLO Ltd.</name>
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      <invstOrSec>
        <name>Element Fleet Management Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
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        <name>Guara Norte Sarl</name>
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        <name>Energuate Trust</name>
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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>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
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        <name>Nabors Industries, Inc.</name>
        <lei>549300VFQWRKICUFNU92</lei>
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        <name>Radiology Partners, Inc.</name>
        <lei>549300SFTAG2177WUZ08</lei>
        <title>Radiology Partners, Inc.</title>
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        <name>CCO Holdings LLC</name>
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        <name>JPMDB Commercial Mortgage Securities Trust</name>
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        <name>InRetail Shopping Malls</name>
        <lei>254900340JT2D5SHMA49</lei>
        <title>InRetail Shopping Malls</title>
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        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2006-21, Class A2</title>
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        <name>BANK5</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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      <invstOrSec>
        <name>Dryden 41 Senior Loan Fund</name>
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        <name>Reliance Industries 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>Chile Electricity Lux MPC Sarl</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>Unigel Luxembourg SA</name>
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        <name>FNMA</name>
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      <invstOrSec>
        <name>Trans-Allegheny Interstate Line Co.</name>
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      <invstOrSec>
        <name>Dornoch Debt Merger Sub, Inc.</name>
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      <invstOrSec>
        <name>FMC GMSR Issuer Trust</name>
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        <name>Florida Gas Transmission Co. LLC</name>
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        <name>BAMLL Commercial Mortgage Securities Trust</name>
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        <name>BBCMS Mortgage Trust</name>
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        <name>Waste Connections, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>THL Credit Wind River CLO Ltd.</name>
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      <invstOrSec>
        <name>Exelon Corp.</name>
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        <name>Comision Federal de Electricidad</name>
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        <name>Celanese US Holdings LLC</name>
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        <name>Cornerstone Building Brands, Inc.</name>
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        <name>WESCO Distribution, Inc.</name>
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        <name>FHLMC</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Genesee &amp; Wyoming, Inc.</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>Genesee &amp; Wyoming, Inc.</title>
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        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
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      </invstOrSec>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536909.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AutoNation, Inc.</title>
        <cusip>05329WAT9</cusip>
        <identifiers>
          <isin value="US05329WAT99"/>
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        <balance>241000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244046.58000000</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>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.89000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338851.38000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Capital Holdings, Inc.</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings, Inc.</title>
        <cusip>65339KBZ2</cusip>
        <identifiers>
          <isin value="US65339KBZ21"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432801.45000000</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>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.44000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Windstream Services LLC</name>
        <lei>N/A</lei>
        <title>Windstream Services LLC</title>
        <cusip>97381AAA0</cusip>
        <identifiers>
          <isin value="US97381AAA07"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>57428.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kodiak Gas Services LLC</name>
        <lei>549300ZQBRWEUOVOM131</lei>
        <title>Kodiak Gas Services LLC</title>
        <cusip>50012LAC8</cusip>
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          <isin value="US50012LAC81"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196874.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</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>
      <invstOrSec>
        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
        <cusip>620076CB3</cusip>
        <identifiers>
          <isin value="US620076CB33"/>
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        <balance>241000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244612.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</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>Element Fleet Management Corp.</name>
        <lei>5493000PGBS1C22ELQ16</lei>
        <title>Element Fleet Management Corp.</title>
        <cusip>286181AP7</cusip>
        <identifiers>
          <isin value="US286181AP72"/>
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        <balance>281000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>283129.42000000</valUSD>
        <pctVal>0.054903195795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.03700000</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>PRPM</name>
        <lei>N/A</lei>
        <title>PRPM Trust, Series 2025-3, Class A1</title>
        <cusip>74449DAA3</cusip>
        <identifiers>
          <isin value="US74449DAA37"/>
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        <balance>992565.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>997975.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25500000</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>Freeport-McMoRan, Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan, Inc.</title>
        <cusip>35671DCG8</cusip>
        <identifiers>
          <isin value="US35671DCG88"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298529.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Panther Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>Panther Escrow Issuer LLC</title>
        <cusip>69867RAA5</cusip>
        <identifiers>
          <isin value="US69867RAA59"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155812.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>Wellfleet CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Wellfleet CLO Ltd., Series 2022-1A, Class A1RN</title>
        <cusip>94950TAQ2</cusip>
        <identifiers>
          <isin value="US94950TAQ22"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500721.00000000</valUSD>
        <pctVal>0.097097585626</pctVal>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67609840</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2016-P4, Class XA</title>
        <cusip>29429EAF8</cusip>
        <identifiers>
          <isin value="US29429EAF88"/>
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        <balance>648980.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6984.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.04440400</annualizedRt>
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      <invstOrSec>
        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
        <cusip>13607PVQ4</cusip>
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          <isin value="US13607PVQ44"/>
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        <balance>298000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.24500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46647PEY8</cusip>
        <identifiers>
          <isin value="US46647PEY88"/>
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        <balance>278000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284820.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.10300000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Invesco US CLO Ltd.</name>
        <lei>213800YAVR2FVYDIRM63</lei>
        <title>Invesco US CLO Ltd., Series 2023-3A, Class C</title>
        <cusip>46091RAE3</cusip>
        <identifiers>
          <isin value="US46091RAE36"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.40610000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418EZM5</cusip>
        <identifiers>
          <isin value="US31418EZM55"/>
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        <balance>1338338.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1363166.14000000</valUSD>
        <pctVal>0.264339105014</pctVal>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QXO Building Products, Inc.</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>QXO Building Products, Inc.</title>
        <cusip>74825NAA5</cusip>
        <identifiers>
          <isin value="US74825NAA54"/>
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        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71925.00000000</valUSD>
        <pctVal>0.013947375576</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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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-P2, Class XA</title>
        <cusip>95000AAX5</cusip>
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          <isin value="US95000AAX54"/>
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        <balance>468790.48000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1270.09000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-15</maturityDt>
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          <annualizedRt>1.04793480</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418EGT1</cusip>
        <identifiers>
          <isin value="US31418EGT10"/>
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        <balance>1539546.84000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1519684.99000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Commercial Mortgage Trust, Series 2015-CR26, Class XA</title>
        <cusip>12593QBF6</cusip>
        <identifiers>
          <isin value="US12593QBF63"/>
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        <balance>629053.44670000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-10</maturityDt>
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          <annualizedRt>0.99349200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CommScope LLC</name>
        <lei>549300Z6K4JXMFE8QY54</lei>
        <title>CommScope LLC</title>
        <cusip>20338MAA0</cusip>
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          <isin value="US20338MAA09"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99142.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Athene Global Funding</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
        <cusip>04685A3X7</cusip>
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          <isin value="US04685A3X78"/>
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        <balance>234000.00000000</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>2027-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.34900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>575700.60000000</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>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.68900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>100652.50000000</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>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>102611.43000000</valUSD>
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        <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>4.79011320</annualizedRt>
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      <invstOrSec>
        <name>Unigel Luxembourg SA</name>
        <lei>213800Y16R77O7LH7X62</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>24246.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.50000000</annualizedRt>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>532099.07000000</valUSD>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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      <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>1476378.33000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-03-25</maturityDt>
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          <annualizedRt>6.11300160</annualizedRt>
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      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
        <title>BANK, Series 2022-BNK39, Class AS</title>
        <cusip>06539VAR9</cusip>
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          <isin value="US06539VAR96"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>469898.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.18100000</annualizedRt>
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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>
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        <curCd>USD</curCd>
        <valUSD>126225.00000000</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>2031-11-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DVMQ5</cusip>
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          <isin value="US3132DVMQ58"/>
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        <balance>1529448.34000000</balance>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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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>
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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>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SN9</cusip>
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          <isin value="US912810SN90"/>
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        <balance>6400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3079075.20000000</valUSD>
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        <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>Level 3 Financing, Inc.</name>
        <lei>254900AE5FEFIJOXWL19</lei>
        <title>Level 3 Financing, Inc.</title>
        <cusip>527298CM3</cusip>
        <identifiers>
          <isin value="US527298CM39"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188237.50000000</valUSD>
        <pctVal>0.036502177408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <name>Kinder Morgan Energy Partners LP</name>
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      <invstOrSec>
        <name>Cadence Design Systems, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cathedral Lake VIII Ltd.</name>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Builders FirstSource, 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>Generate CLO 13 Ltd.</name>
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        <title>Generate CLO 13 Ltd., Series 2023-13A, Class A1</title>
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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>Guardian Life Global Funding</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>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <name>Archrock Partners LP</name>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <name>Saavi Energia Sarl</name>
        <lei>N/A</lei>
        <title>Saavi Energia Sarl</title>
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        <invCountry>LU</invCountry>

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        <name>Full House Resorts, Inc.</name>
        <lei>5493009DKIWW0H901Y82</lei>
        <title>Full House Resorts, Inc.</title>
        <cusip>359678AC3</cusip>
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          <isin value="US359678AC31"/>
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        <name>CAP SA</name>
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        <name>GATX Corp.</name>
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        <name>Novelis Corp.</name>
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        <name>Bioceanico Sovereign Certificate Ltd.</name>
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        <name>Carlyle Global Market Strategies CLO Ltd.</name>
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        <name>Ultrapar International SA</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>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
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        <invCountry>LR</invCountry>

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        <name>Banco Nacional de Comercio Exterior SNC</name>
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        <name>ONGC Videsh Vankorneft Pte. Ltd.</name>
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      <invstOrSec>
        <name>Kinetik Holdings LP</name>
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      <invstOrSec>
        <name>OneMain Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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        <name>Westinghouse Air Brake Technologies Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>T-Mobile USA, Inc.</name>
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        <title>T-Mobile USA, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Targa Resources Corp.</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>Targa Resources 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="US90276UBD28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Campbell's Co. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <name>Lightning Power LLC</name>
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        <name>Fenix Power Peru SA</name>
        <lei>549300VBTI7WLU4G4642</lei>
        <title>Fenix Power Peru SA</title>
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        <name>Unigel Luxembourg SA</name>
        <lei>213800Y16R77O7LH7X62</lei>
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        <name>Interoceanica IV Finance Ltd.</name>
        <lei>5493001ZIZ6W7IU0RP65</lei>
        <title>Interoceanica IV Finance Ltd.</title>
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        <invCountry>KY</invCountry>

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        <name>NatWest Group plc</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group plc</title>
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        <invCountry>GB</invCountry>
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        <name>Connecticut Avenue Securities Trust</name>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
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        <name>Venture Global Plaquemines LNG LLC</name>
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        <name>Azorra Finance Ltd.</name>
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        <name>Alternative Loan Trust</name>
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        <name>Siemens Funding BV</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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      <invstOrSec>
        <name>Expedia Group, Inc.</name>
        <lei>N/A</lei>
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        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
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        <name>FNMA</name>
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        <name>VeriSign, Inc.</name>
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        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <name>Vistra Operations Co. LLC</name>
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        <name>Tierra Mojada Luxembourg II Sarl</name>
        <lei>254900H2U8PBIY32VI94</lei>
        <title>Tierra Mojada Luxembourg II Sarl</title>
        <cusip>N/A</cusip>
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        <name>Ameren Corp.</name>
        <lei>XRZQ5S7HYJFPHJ78L959</lei>
        <title>Ameren Corp.</title>
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        <name>Bank of New York Mellon Corp. (The)</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AREIT Ltd.</name>
        <lei>N/A</lei>
        <title>AREIT Ltd., Series 2024-CRE9, Class B</title>
        <cusip>00193AAE4</cusip>
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        <balance>400000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <name>RBSGC Mortgage Loan Trust</name>
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        <name>Owens Corning</name>
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        <name>Oracle Corp.</name>
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        <name>MF1 Ltd.</name>
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        <name>Velocity Commercial Capital Loan Trust</name>
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        <name>Bell Canada</name>
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        <name>JBS USA Holding Lux Sarl</name>
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        <name>Bank of America Corp.</name>
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        <name>Telefonica Celular del Paraguay SA</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Black Hills Corp.</name>
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        <name>Marvell Technology, Inc.</name>
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        <name>T-Mobile USA, Inc.</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DQB47</cusip>
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          <isin value="US3132DQB472"/>
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        <curCd>USD</curCd>
        <valUSD>3675532.73000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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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>478631.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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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>286000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>290045.76000000</valUSD>
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        <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>
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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>258000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207386.08000000</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>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Rexnord Corp.</title>
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          <isin value="US758750AL75"/>
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        <balance>116000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116630.85000000</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>
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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>
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        <identifiers>
          <isin value="US61767FBB67"/>
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        <balance>696334.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7044.68000000</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>
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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>
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        <identifiers>
          <isin value="US83614XAW11"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>487706.00000000</valUSD>
        <pctVal>0.094573774807</pctVal>
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        <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>7.88108040</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>CLI Funding VIII LLC</name>
        <lei>254900Z4P82YK31RVL27</lei>
        <title>CLI Funding VIII LLC, Series 2021-1A, Class A</title>
        <cusip>12565KAA5</cusip>
        <identifiers>
          <isin value="US12565KAA51"/>
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        <balance>530880.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486157.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.64000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JSW Hydro Energy Ltd.</name>
        <lei>3358006ZP5KO7VUH2790</lei>
        <title>JSW Hydro Energy Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY4S71YAA27"/>
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        <balance>426000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389843.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WR Grace Holdings LLC</name>
        <lei>549300WNOVFRGYOAEB12</lei>
        <title>WR Grace Holdings LLC</title>
        <cusip>92943GAA9</cusip>
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          <isin value="US92943GAA94"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94848.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>AES Espana BV</name>
        <lei>7245003VZ59682IZLJ86</lei>
        <title>AES Espana BV</title>
        <cusip>00109YAA3</cusip>
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          <isin value="US00109YAA38"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190994.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DSYQ9</cusip>
        <identifiers>
          <isin value="US3132DSYQ91"/>
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        <balance>1762094.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1805245.65000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>CCO Holdings LLC</name>
        <lei>N/A</lei>
        <title>CCO Holdings LLC</title>
        <cusip>1248EPCQ4</cusip>
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          <isin value="US1248EPCQ45"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23638.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Fiserv, Inc.</name>
        <lei>GI7UBEJLXYLGR2C7GV83</lei>
        <title>Fiserv, Inc.</title>
        <cusip>337738BL1</cusip>
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          <isin value="US337738BL17"/>
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        <balance>271000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>RALI Trust</name>
        <lei>N/A</lei>
        <title>RALI Trust, Series 2007-QS8, Class A10</title>
        <cusip>74922UAK9</cusip>
        <identifiers>
          <isin value="US74922UAK97"/>
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        <balance>779731.66250000</balance>
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        <curCd>USD</curCd>
        <valUSD>625001.48000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140QTCJ6</cusip>
        <identifiers>
          <isin value="US3140QTCJ66"/>
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        <balance>2692675.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2760298.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DataBank Issuer</name>
        <lei>N/A</lei>
        <title>DataBank Issuer, Series 2021-1A, Class B</title>
        <cusip>23802WAC5</cusip>
        <identifiers>
          <isin value="US23802WAC55"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1452876.75000000</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>2051-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OneMain Finance Corp.</name>
        <lei>5493008I795YYBFWFU90</lei>
        <title>OneMain Finance Corp.</title>
        <cusip>682691AF7</cusip>
        <identifiers>
          <isin value="US682691AF77"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245288.30000000</valUSD>
        <pctVal>0.047565214385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Braskem Netherlands Finance BV</name>
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      <invstOrSec>
        <name>Avery Dennison Corp.</name>
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      <invstOrSec>
        <name>Cencosud SA</name>
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        <name>TRTX Issuer Ltd.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>Commercial Mortgage Trust</name>
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        <name>FHLMC</name>
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        <name>Citigroup, Inc.</name>
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        <name>FNMA</name>
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        <name>FHLMC</name>
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        <name>Arrow Electronics, Inc.</name>
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        <name>Husky Injection Molding Systems Ltd.</name>
        <lei>N/A</lei>
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        <name>Octagon 53 Ltd.</name>
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        <name>Univision Communications, Inc.</name>
        <lei>549300YQDE2JSGTL8V47</lei>
        <title>Univision Communications, Inc.</title>
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        <name>Virginia Electric and Power Co.</name>
        <lei>CQKUMNNZVDJLRYV2PT43</lei>
        <title>Virginia Electric and Power Co., Series A</title>
        <cusip>927804FX7</cusip>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Octagon Investment Partners 34 Ltd.</name>
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        <name>MetLife, Inc.</name>
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        <name>Huntington Bancshares, Inc.</name>
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        <name>Mosaic Solar Loan Trust</name>
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        <name>Veralto Corp.</name>
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        <name>Lima Metro Line 2 Finance Ltd.</name>
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        <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>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
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        <name>Global Payments, Inc.</name>
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        <name>Structured Adjustable Rate Mortgage Loan Trust</name>
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        <name>ITC Holdings Corp.</name>
        <lei>549300HTO5U9D3SLE207</lei>
        <title>ITC Holdings Corp.</title>
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        <name>Vital Energy, Inc.</name>
        <lei>549300X0PTWU2QSLSL14</lei>
        <title>Vital Energy, Inc.</title>
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        <name>BPCE SA</name>
        <lei>9695005MSX1OYEMGDF46</lei>
        <title>BPCE SA</title>
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        <invCountry>FR</invCountry>
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        <name>Staples, Inc.</name>
        <lei>XQM2JINI1UL7642TU573</lei>
        <title>Staples, Inc.</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bausch Health Cos., Inc.</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Cos., Inc.</title>
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          <isin value="US071734AR86"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4335.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>14.00000000</annualizedRt>
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      <invstOrSec>
        <name>Adani International Container Terminal Pvt Ltd.</name>
        <lei>335800J4SLERP6S94P28</lei>
        <title>Adani International Container Terminal Pvt Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2267100514"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422174.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-16</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>SLG Office Trust</name>
        <lei>N/A</lei>
        <title>SLG Office Trust, Series 2021-OVA, Class E</title>
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          <isin value="US78449RAL96"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318409.45000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-15</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>414875.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>2138005NRONUFED1TZ38</lei>
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          <isin value="US92540MAD74"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>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>357841.82000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.34500000</annualizedRt>
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      <invstOrSec>
        <name>Wand NewCo 3, Inc.</name>
        <lei>549300Y3VZEWMSQW8494</lei>
        <title>Wand NewCo 3, Inc.</title>
        <cusip>933940AA6</cusip>
        <identifiers>
          <isin value="US933940AA60"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120898.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298584.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc.</title>
        <cusip>30303M8J4</cusip>
        <identifiers>
          <isin value="US30303M8J41"/>
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        <balance>321000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270429.95000000</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>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>
        <identifiers>
          <isin value="US350930AC75"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>525810.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.15000000</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>
        <identifiers>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2613745.12000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.25000080</annualizedRt>
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      <invstOrSec>
        <name>Prumo Participacoes e Investimentos S/A</name>
        <lei>N/A</lei>
        <title>Prumo Participacoes e Investimentos S/A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP7922DAB03"/>
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        <balance>719718.61000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730514.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <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>
        <identifiers>
          <isin value="USG54897AA45"/>
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        <balance>318127.58960000</balance>
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        <curCd>USD</curCd>
        <valUSD>321318.41000000</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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      <invstOrSec>
        <name>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
        <cusip>00774MBK0</cusip>
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          <isin value="US00774MBK09"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322777.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>Community Health Systems, Inc.</name>
        <lei>5493007X5NC5XI1BB106</lei>
        <title>Community Health Systems, Inc.</title>
        <cusip>12543DBH2</cusip>
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          <isin value="US12543DBH26"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148428.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hess Midstream Operations LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
        <cusip>428102AF4</cusip>
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          <isin value="US428102AF45"/>
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        <balance>153000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153607.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust, Series 2006-AR7, Class 2A3A</title>
        <cusip>172987AY5</cusip>
        <identifiers>
          <isin value="US172987AY53"/>
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        <balance>95713.59260000</balance>
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        <curCd>USD</curCd>
        <valUSD>91537.00000000</valUSD>
        <pctVal>0.017750447246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>4.86679680</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>67732.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-10</maturityDt>
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          <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>
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          <isin value="US25461LAA08"/>
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        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209181.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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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>4290733.01000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2407025.27000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DoubleLine Global Bond Fund</name>
        <lei>5493008IO8R1K4RY7M95</lei>
        <title>DoubleLine Global Bond Fund, Class I</title>
        <cusip>258620699</cusip>
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          <isin value="US2586206995"/>
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        <balance>431289.83300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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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>534398.83000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>569100.00000000</valUSD>
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        <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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        <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>
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        <curCd>USD</curCd>
        <valUSD>418910.50000000</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>10.26771120</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>362831.25830000</balance>
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        <curCd>USD</curCd>
        <valUSD>205042.33000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>287000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277063.37000000</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>2055-02-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</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>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
        <cusip>31335BZJ8</cusip>
        <identifiers>
          <isin value="US31335BZJ87"/>
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        <balance>145462.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137575.16000000</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>852154.92000000</valUSD>
        <pctVal>0.165246085767</pctVal>
        <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>
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          <isLoanByFund>N</isLoanByFund>
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      <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>152250.00000000</valUSD>
        <pctVal>0.029523641731</pctVal>
        <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>
          <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>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>82376.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22.56000000</valUSD>
        <pctVal>0.000004374734</pctVal>
        <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>0.16791840</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>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XGT66</cusip>
        <identifiers>
          <isin value="US3140XGT666"/>
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        <balance>2718781.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2475146.12000000</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>
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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>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140QR6C2</cusip>
        <identifiers>
          <isin value="US3140QR6C23"/>
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        <balance>1735136.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1778712.30000000</valUSD>
        <pctVal>0.344919965118</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>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353TAK6</cusip>
        <identifiers>
          <isin value="US90353TAK60"/>
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        <balance>322000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319572.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>AerCap Ireland Capital DAC</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC</title>
        <cusip>00774MBJ3</cusip>
        <identifiers>
          <isin value="US00774MBJ36"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228814.20000000</valUSD>
        <pctVal>0.044370630305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</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>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp.</title>
        <cusip>963320BE5</cusip>
        <identifiers>
          <isin value="US963320BE54"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95266.00000000</valUSD>
        <pctVal>0.018473558313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Storm King Park CLO Ltd.</name>
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      <invstOrSec>
        <name>Foundry JV Holdco LLC</name>
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      <invstOrSec>
        <name>Standard Building Solutions, Inc.</name>
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        <name>Celanese US Holdings LLC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
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        <name>Sound Point CLO XX Ltd.</name>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>American Homes 4 Rent LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quest Diagnostics, Inc.</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Adani Electricity Mumbai Ltd.</name>
        <lei>335800AIC1B5EBFVUC38</lei>
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        <name>Carvana Co.</name>
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        <name>Goodgreen Trust</name>
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        <name>Consumers Energy Co.</name>
        <lei>7NKTFWJ1G6MELP9TU740</lei>
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        <name>GNMA</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <title>Arthur J Gallagher &amp; Co.</title>
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        <name>Castlelake Aircraft Structured Trust</name>
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        <name>Madison Park Funding LXIII Ltd.</name>
        <lei>N/A</lei>
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        <name>Clarios Global LP</name>
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      <invstOrSec>
        <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>
        <lei>254900HROIFWPRGM1V77</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Devon Energy Corp.</name>
        <lei>54930042348RKR3ZPN35</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CSMC Trust</name>
        <lei>N/A</lei>
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        <name>Bank of America Corp.</name>
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        <title>Bank of America Corp.</title>
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        <name>Bank of America Corp.</name>
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        <name>MACH 1 Cayman Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>
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        <name>Sapphire Aviation Finance II Ltd.</name>
        <lei>N/A</lei>
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        <name>Sabre GLBL, Inc.</name>
        <lei>F2TJC7HPPHLHU1AQMP98</lei>
        <title>Sabre GLBL, Inc.</title>
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        <name>LCM 28 Ltd.</name>
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        <name>Fideicomiso PA Pacifico Tres</name>
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        <title>Fideicomiso PA Pacifico Tres</title>
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        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Takeda US Financing, Inc.</name>
        <lei>254900ZGPIBGBZ2N3A33</lei>
        <title>Takeda US Financing, Inc.</title>
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          <isin value="US87406BAB80"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-07</maturityDt>
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      <invstOrSec>
        <name>MidOcean Credit CLO III</name>
        <lei>549300XSCUX0ONI5KZ96</lei>
        <title>MidOcean Credit CLO III, Series 2014-3A, Class BR</title>
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          <isin value="US59802UAN90"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-21</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Extra Space Storage LP</name>
        <lei>549300YNKSKNZFR8UC42</lei>
        <title>Extra Space Storage LP</title>
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          <isin value="US30225VAS60"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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      <invstOrSec>
        <name>AppLovin Corp.</name>
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        <title>AppLovin Corp.</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>2031-12-01</maturityDt>
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      <invstOrSec>
        <name>JP MORGAN PRIME VAR 12/50</name>
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          <other otherDesc="CINS" value="741994511"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sun Communities Operating LP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
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      <invstOrSec>
        <name>Olin Corp.</name>
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        <title>Olin Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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      <invstOrSec>
        <name>Emirates Semb Corp. Water &amp; Power Co. PJSC</name>
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        <invCountry>AE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>3622ABYY2</cusip>
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          <isin value="US3622ABYY25"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Agree LP</name>
        <lei>549300DXY3G299V1BO77</lei>
        <title>Agree LP</title>
        <cusip>008513AC7</cusip>
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          <isin value="US008513AC74"/>
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        <balance>149000.00000000</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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      <invstOrSec>
        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications, 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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        <name>Amphenol Corp.</name>
        <lei>549300D3L3G0R4U4VT04</lei>
        <title>Amphenol Corp.</title>
        <cusip>032095AS0</cusip>
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          <isin value="US032095AS07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
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        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc.</title>
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          <isin value="US98138HAJ05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>3.80000000</annualizedRt>
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        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA, Series 2024-96, Class FC</title>
        <cusip>3136BTM26</cusip>
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          <isin value="US3136BTM262"/>
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        <balance>2303877.90000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-25</maturityDt>
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        <name>BANK5 Trust</name>
        <lei>N/A</lei>
        <title>BANK5 Trust, Series 2024-5YR6, Class A3</title>
        <cusip>066043AB6</cusip>
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          <isin value="US066043AB64"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478207.91000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-05-15</maturityDt>
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        <name>Fermaca Enterprises S de RL de CV</name>
        <lei>549300HYMZDEHWD3X752</lei>
        <title>Fermaca Enterprises S de RL de CV</title>
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          <isin value="USP39198AA76"/>
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        <balance>383541.02900000</balance>
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        <curCd>USD</curCd>
        <valUSD>368199.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corp.</title>
        <cusip>12653CAJ7</cusip>
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          <isin value="US12653CAJ71"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100343.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RFMSI Trust</name>
        <lei>N/A</lei>
        <title>RFMSI Trust, Series 2006-S6, Class A14</title>
        <cusip>74957VAP4</cusip>
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        <name>Minsur SA</name>
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        <name>Republic of Guatemala</name>
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        <name>Adani Renewable Energy RJ Ltd.</name>
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        <name>Kallpa Generacion SA</name>
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        <name>MF1 LLC</name>
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        <name>Perusahaan Listrik Negara PT</name>
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        <name>Cosan Overseas Ltd.</name>
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        <name>Dealer Tire LLC</name>
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        <name>Canyon Capital CLO Ltd.</name>
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        <name>Builders FirstSource, Inc.</name>
        <lei>549300W0SKP6L3H7DP63</lei>
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      <invstOrSec>
        <name>Minerva Luxembourg SA</name>
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        <title>Minerva Luxembourg SA</title>
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        <curCd>USD</curCd>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Matador Resources Co.</name>
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        <title>Matador Resources Co.</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlyle US CLO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
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        <title>UMBS</title>
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          <isin value="US3140X9WX95"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Griffon Corp.</name>
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        <title>Griffon Corp.</title>
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          <isin value="US398433AP71"/>
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        <balance>235000.00000000</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>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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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>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-17</maturityDt>
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      <invstOrSec>
        <name>Ellucian Holdings, Inc.</name>
        <lei>549300RP8NIJ7FY7OS79</lei>
        <title>Ellucian Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust</name>
        <lei>N/A</lei>
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        <cusip>61766RBD7</cusip>
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        <balance>500000.00000000</balance>
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        <valUSD>464146.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2020-C58, Class B</title>
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          <isin value="US95002UAU51"/>
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        <balance>550000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Weatherford International Ltd.</name>
        <lei>549300A2JKMG5PGOGF82</lei>
        <title>Weatherford International Ltd.</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Public Service Co.</name>
        <lei>YG6VT0TPHRH4TFVAQV64</lei>
        <title>Arizona Public Service Co.</title>
        <cusip>040555DH4</cusip>
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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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        <name>NGPL PipeCo LLC</name>
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        <name>Unigel Luxembourg SA</name>
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        <name>SURA Asset Management SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banc of America Funding Trust</name>
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        <name>United Mexican States</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>United Mexican States</title>
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        <name>BPRL International Singapore Pte. Ltd.</name>
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        <name>Wipro IT Services LLC</name>
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        <name>DT Midstream, Inc.</name>
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        <name>Unigel Luxembourg SA</name>
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        <name>Neighborly Issuer LLC</name>
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        <name>USQ Rail II LLC</name>
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        <name>Garda World Security Corp.</name>
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        <name>Tallgrass Energy Partners LP</name>
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        <name>Movida Europe SA</name>
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        <name>Dell, Inc.</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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        <name>United States of America</name>
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        <name>FHLMC Pool</name>
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        <name>DataBank Issuer</name>
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        <name>GreenPoint Mortgage Funding Trust</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>Kingdom of Morocco</name>
        <lei>529900F3MBW9XY5K1X07</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH DBS Corp.</name>
        <lei>N/A</lei>
        <title>DISH DBS Corp.</title>
        <cusip>25470XBF1</cusip>
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          <isin value="US25470XBF15"/>
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        <valUSD>99203.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK</name>
        <lei>N/A</lei>
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          <isin value="US06539VBS60"/>
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        <balance>174000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112989.82000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <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>
        <cusip>88432VAJ3</cusip>
        <identifiers>
          <isin value="US88432VAJ35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500300.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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      <invstOrSec>
        <name>Macquarie Airfinance Holdings Ltd.</name>
        <lei>549300MCGUSL5B852H65</lei>
        <title>Macquarie Airfinance Holdings Ltd.</title>
        <cusip>55609NAC2</cusip>
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          <isin value="US55609NAC20"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148252.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <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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          <isin value="US10806JAA16"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500199.00000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.76108000</annualizedRt>
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      <invstOrSec>
        <name>Petroleos Mexicanos</name>
        <lei>549300CAZKPF4HKMPX17</lei>
        <title>Petroleos Mexicanos</title>
        <cusip>71654QCC4</cusip>
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          <isin value="US71654QCC42"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72440.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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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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          <isin value="US92332YAB74"/>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</annualizedRt>
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      <invstOrSec>
        <name>GNL Quintero SA</name>
        <lei>549300JJJIQXE6E1QY27</lei>
        <title>GNL Quintero SA</title>
        <cusip>N/A</cusip>
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          <isin value="USP4909LAA81"/>
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        <balance>423680.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.63400000</annualizedRt>
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      <invstOrSec>
        <name>Republic of Guatemala</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Republic of Guatemala</title>
        <cusip>N/A</cusip>
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          <isin value="USP5015VAP15"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GT</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <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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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.14668640</annualizedRt>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GMA4</cusip>
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          <isin value="US06051GMA49"/>
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        <balance>228000.00000000</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>
        <debtSec>
          <maturityDt>2035-01-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.46800000</annualizedRt>
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      <invstOrSec>
        <name>Aligned Data Centers Issuer LLC</name>
        <lei>N/A</lei>
        <title>Aligned Data Centers Issuer LLC, Series 2021-1A, Class B</title>
        <cusip>01627AAB4</cusip>
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          <isin value="US01627AAB44"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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          <annualizedRt>2.48200000</annualizedRt>
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      <invstOrSec>
        <name>Imperial Fund Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust, Series 2021-NQM4, Class M1</title>
        <cusip>45276JAD2</cusip>
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        <balance>1500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Athene Holding Ltd.</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd.</title>
        <cusip>04686JAJ0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glencore Funding LLC</name>
        <lei>213800STG1QDNBY87K49</lei>
        <title>Glencore Funding LLC</title>
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      <invstOrSec>
        <name>Wells Fargo Alternative Loan Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Alternative Loan Trust, Series 2007-PA2, Class 1A1</title>
        <cusip>94985FAA6</cusip>
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          <isin value="US94985FAA66"/>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2037-06-25</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>EMRLD Borrower LP</name>
        <lei>98450099EE3A0ZD5F786</lei>
        <title>EMRLD Borrower LP</title>
        <cusip>29103CAA6</cusip>
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          <isin value="US29103CAA62"/>
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        <balance>185000.00000000</balance>
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        <valUSD>188748.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
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        <name>Michaels Cos., Inc. (The)</name>
        <lei>549300H9LWMBP7HYLR98</lei>
        <title>Michaels Cos., Inc. (The)</title>
        <cusip>55916AAA2</cusip>
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        <balance>50000.00000000</balance>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <name>United States of America</name>
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        <name>ABFC Trust</name>
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        <name>Hilcorp Energy I LP</name>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>FHLMC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Uniti Group LP</name>
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          <isin value="US91327TAC53"/>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <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>Benchmark Mortgage Trust</name>
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        <name>CyrusOne Data Centers Issuer I LLC</name>
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        <name>Qorvo, Inc.</name>
        <lei>254900YAUJV2EUEVBR11</lei>
        <title>Qorvo, Inc.</title>
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        <name>Herc Holdings, Inc.</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>Herc Holdings, Inc.</title>
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      <invstOrSec>
        <name>Berry Global, Inc.</name>
        <lei>549300AP2Q7ERHX6RI89</lei>
        <title>Berry Global, Inc.</title>
        <cusip>085770AA3</cusip>
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      <invstOrSec>
        <name>CSX Corp.</name>
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        <name>Rollins, Inc.</name>
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        <name>FNMA</name>
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        <name>Gulfport Energy Operating Corp.</name>
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        <title>Gulfport Energy Operating Corp.</title>
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        <name>RHP Hotel Properties LP</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>Macquarie Airfinance Holdings Ltd.</name>
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        <name>Oracle Corp.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Elevation CLO Ltd.</name>
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        <name>Goat Holdco LLC</name>
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        <name>Banc of America Mortgage Trust</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Anywhere Real Estate Group LLC</name>
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        <name>CCO Holdings LLC</name>
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        <name>CHL Mortgage Pass-Through Trust</name>
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      <invstOrSec>
        <name>Hexcel Corp.</name>
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        <name>First Industrial LP</name>
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        <name>JOL Air Ltd.</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>Rivers Enterprise Borrower LLC</name>
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        <name>Videotron Ltd.</name>
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        <name>Berry Global, Inc.</name>
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        <name>HUB International Ltd.</name>
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        <name>State Street Corp.</name>
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        <name>FHLMC</name>
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        <name>EchoStar Corp.</name>
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        <title>EchoStar Corp.</title>
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        <name>UBS Commercial Mortgage Trust</name>
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        <name>NiSource, Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TELUS Corp.</name>
        <lei>L2TEUTQ8OSHMJWVLCE40</lei>
        <title>TELUS Corp.</title>
        <cusip>87971MCM3</cusip>
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          <isin value="US87971MCM38"/>
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        <balance>76000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76661.20000000</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>2055-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.99999840</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2024-V11, Class A3</title>
        <cusip>081921AZ1</cusip>
        <identifiers>
          <isin value="US081921AZ13"/>
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        <balance>239000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250218.01000000</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>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UKG, Inc.</name>
        <lei>529900FKHWSTQ1GXK240</lei>
        <title>UKG, Inc.</title>
        <cusip>90279XAA0</cusip>
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          <isin value="US90279XAA00"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98214.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>3140XEBC7</cusip>
        <identifiers>
          <isin value="US3140XEBC70"/>
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        <balance>1982953.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1766224.04000000</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>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verus Securitization Trust</name>
        <lei>N/A</lei>
        <title>Verus Securitization Trust, Series 2021-3, Class M1</title>
        <cusip>92539LAD2</cusip>
        <identifiers>
          <isin value="US92539LAD29"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1823443.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.39699880</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AAR Escrow Issuer LLC</name>
        <lei>N/A</lei>
        <title>AAR Escrow Issuer LLC</title>
        <cusip>00253PAA6</cusip>
        <identifiers>
          <isin value="US00253PAA66"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119157.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</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>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS</title>
        <cusip>3132DSM74</cusip>
        <identifiers>
          <isin value="US3132DSM749"/>
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        <balance>655135.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>676757.68000000</valUSD>
        <pctVal>0.131233834375</pctVal>
        <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>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IQVIA, Inc.</name>
        <lei>549300PLWY28YB00C717</lei>
        <title>IQVIA, Inc.</title>
        <cusip>46266TAF5</cusip>
        <identifiers>
          <isin value="US46266TAF57"/>
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        <balance>196000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204465.89000000</valUSD>
        <pctVal>0.039649114500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</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>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187600.00000000</valUSD>
        <pctVal>0.036378556248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542188.81000000</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>2057-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.28580160</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>Light &amp; Wonder International, Inc.</name>
        <lei>RLTHESQ0RNFQJWPBJN60</lei>
        <title>Light &amp; Wonder International, Inc.</title>
        <cusip>80874YBE9</cusip>
        <identifiers>
          <isin value="US80874YBE95"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97869.00000000</valUSD>
        <pctVal>0.018978320477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAT Capital Corp.</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp.</title>
        <cusip>05526DCC7</cusip>
        <identifiers>
          <isin value="US05526DCC74"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289774.32000000</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>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust, Series 2019-1, Class M1</title>
        <cusip>89177BAC9</cusip>
        <identifiers>
          <isin value="US89177BAC90"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2147156.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000120</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CFCRE Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>CFCRE Commercial Mortgage Trust, Series 2017-C8, Class B</title>
        <cusip>12532CBC8</cusip>
        <identifiers>
          <isin value="US12532CBC82"/>
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        <balance>514000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484374.53000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.19850000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp.</name>
        <lei>529900AS2CYWYFHRS781</lei>
        <title>Six Flags Entertainment Corp.</title>
        <cusip>83001AAD4</cusip>
        <identifiers>
          <isin value="US83001AAD46"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292224.75000000</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Kingdom of Morocco</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Kingdom of Morocco</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="XS2270576965"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>Citigroup Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class B</title>
        <cusip>17324TAK5</cusip>
        <identifiers>
          <isin value="US17324TAK51"/>
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        <balance>504000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>472411.55000000</valUSD>
        <pctVal>0.091607943200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.90512600</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>INVESCO GOVT AND AGCY LEX</name>
        <lei>O37NHJVF7S22I1ONOU83</lei>
        <title>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO OPEN-END FUND USD</title>
        <cusip>825252885</cusip>
        <identifiers>
          <other otherDesc="Custodian Internal ID" value="825252885"/>
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        <name>FHLMC Pool</name>
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        <name>PennyMac Financial Services, Inc.</name>
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        <name>American Express Co.</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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        <title>Duke Energy Corp.</title>
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      <invstOrSec>
        <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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        <name>Entergy Corp.</name>
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        <name>Goldentree Loan Management US CLO Ltd.</name>
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        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
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        <name>Victra Holdings LLC</name>
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      <invstOrSec>
        <name>Renesas Electronics Corp.</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>Renesas Electronics Corp.</title>
        <cusip>75972BAB7</cusip>
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        <balance>660000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Banco Industrial SA</name>
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      <invstOrSec>
        <name>Gray Media, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Pool</name>
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      <invstOrSec>
        <name>JSW Hydro Energy Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VEGAS Trust</name>
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      <invstOrSec>
        <name>Clydesdale Acquisition Holdings, Inc.</name>
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      <invstOrSec>
        <name>American National Group, Inc.</name>
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      <invstOrSec>
        <name>Pertamina Persero PT</name>
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        <title>Pertamina Persero PT</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triumph Rail Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>

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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Alternative Loan Trust</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>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp.</title>
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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>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>UMBS</title>
        <cusip>31418CGD0</cusip>
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        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
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      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp.</title>
        <cusip>03027XAY6</cusip>
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        <balance>105000.00000000</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>2049-10-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chile Electricity PEC SpA</name>
        <lei>N/A</lei>
        <title>Chile Electricity PEC SpA</title>
        <cusip>168831AA3</cusip>
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          <isin value="US168831AA32"/>
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        <balance>681917.68000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595730.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
        <lei>54930036C8MWP850MI84</lei>
        <title>Norfolk Southern Corp.</title>
        <cusip>655844CV8</cusip>
        <identifiers>
          <isin value="US655844CV85"/>
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        <balance>123000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123608.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Digital Realty Trust LP</name>
        <lei>CD4SPTZ3YBTHY0C1AH38</lei>
        <title>Digital Realty Trust LP</title>
        <cusip>25389JAR7</cusip>
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          <isin value="US25389JAR77"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740355.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2022-B32, Class AS</title>
        <cusip>08163NBN4</cusip>
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          <isin value="US08163NBN49"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467737.08000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.52741680</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clear Channel Outdoor Holdings, Inc.</name>
        <lei>254900XBEE6V1ENYS150</lei>
        <title>Clear Channel Outdoor Holdings, Inc.</title>
        <cusip>18453HAD8</cusip>
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          <isin value="US18453HAD89"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41482.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cougar JV Subsidiary LLC</name>
        <lei>N/A</lei>
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          <isin value="US22208WAA18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106557.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Americold Realty Operating Partnership LP</name>
        <lei>549300FKD9KVWNHSUU79</lei>
        <title>Americold Realty Operating Partnership LP</title>
        <cusip>03063UAB7</cusip>
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          <isin value="US03063UAB70"/>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126477.88000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Canacol Energy Ltd.</name>
        <lei>549300X5MNRWPMSM9N14</lei>
        <title>Canacol Energy Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USU13518AC64"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2024-V10, Class A3</title>
        <cusip>08163UAC3</cusip>
        <identifiers>
          <isin value="US08163UAC36"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
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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>2057-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.27740000</annualizedRt>
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      <invstOrSec>
        <name>MasTec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec, Inc.</title>
        <cusip>576323AT6</cusip>
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          <isin value="US576323AT63"/>
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        <balance>286000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>295451.38000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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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>
        <identifiers>
          <isin value="XS2300197030"/>
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        <balance>176648.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144796.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-30</maturityDt>
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          <annualizedRt>2.94000000</annualizedRt>
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      <invstOrSec>
        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
        <cusip>031162DU1</cusip>
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          <isin value="US031162DU18"/>
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        <balance>408000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>397306.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-03-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Avolon Holdings Funding Ltd.</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>Avolon Holdings Funding Ltd.</title>
        <cusip>05401AAU5</cusip>
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          <isin value="US05401AAU51"/>
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        <balance>259000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>BBCMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust, Series 2021-C9, Class A5</title>
        <cusip>05493EAY8</cusip>
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          <isin value="US05493EAY86"/>
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        <balance>668000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595193.95000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
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          <annualizedRt>2.29900000</annualizedRt>
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      <invstOrSec>
        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
        <lei>N/A</lei>
        <title>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP0R12RAA88"/>
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        <balance>198850.07000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201042.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>7.25000000</annualizedRt>
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      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89788MAQ5</cusip>
        <identifiers>
          <isin value="US89788MAQ50"/>
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        <balance>124000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133818.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.16100000</annualizedRt>
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        <securityLending>
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          <loanByFundCondition isLoanByFund="Y" loanVal="23897.14000000"/>
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      <invstOrSec>
        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc.</title>
        <cusip>98138HAH4</cusip>
        <identifiers>
          <isin value="US98138HAH49"/>
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        <balance>271000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264658.60000000</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>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICI Properties LP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Flowers Foods, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
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        <title>Hewlett Packard Enterprise Co.</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple</name>
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          <isin value="US05974EAA82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SM Energy Co.</name>
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        <name>NP SPE II LLC</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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        <name>Rio Tinto Finance USA plc</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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        <name>Dryden 43 Senior Loan Fund</name>
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        <name>Trestles CLO VI Ltd.</name>
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        <name>FHLMC Pool</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <name>T-Mobile USA, Inc.</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-Mobile USA, Inc.</title>
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        <name>Crown Point CLO IV Ltd.</name>
        <lei>N/A</lei>
        <title>Crown Point CLO IV Ltd., Series 2018-4A, Class C</title>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
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          <isin value="US31418BQA79"/>
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        <balance>90671.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79117.99000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Venture Global LNG, Inc.</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG, Inc.</title>
        <cusip>92332YAA9</cusip>
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          <isin value="US92332YAA91"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56653.85000000</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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      <invstOrSec>
        <name>Cia de Minas Buenaventura SAA</name>
        <lei>529900WQB1ZU9KB6EL71</lei>
        <title>Cia de Minas Buenaventura SAA</title>
        <cusip>N/A</cusip>
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          <isin value="USP6680PAA95"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Sunrun Atlas Issuer LLC</name>
        <lei>N/A</lei>
        <title>Sunrun Atlas Issuer LLC, Series 2019-2, Class A</title>
        <cusip>86772FAA9</cusip>
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          <isin value="US86772FAA93"/>
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        <balance>413232.27000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ACU9</cusip>
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          <isin value="US44891ACU97"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568044.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intuit, Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit, Inc.</title>
        <cusip>46124HAH9</cusip>
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          <isin value="US46124HAH93"/>
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        <balance>246000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242715.56000000</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>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Digicel Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Digicel Group Holdings Ltd., Series 2B14</title>
        <cusip>25381HAH1</cusip>
        <identifiers>
          <isin value="US25381HAH12"/>
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        <balance>14051.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO Mortgage Trust, Series 2025-5C11, Class AS</title>
        <cusip>096941AF6</cusip>
        <identifiers>
          <isin value="US096941AF60"/>
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        <balance>459000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476423.59000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.93830000</annualizedRt>
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      <invstOrSec>
        <name>Madison IAQ LLC</name>
        <lei>549300IXDNBXNHUPBU73</lei>
        <title>Madison IAQ LLC</title>
        <cusip>55760LAB3</cusip>
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          <isin value="US55760LAB36"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299342.25000000</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>2029-06-30</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Cheniere Energy Partners LP</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP</title>
        <cusip>16411QAK7</cusip>
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          <isin value="US16411QAK76"/>
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        <balance>304000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSAIL Commercial Mortgage Trust</name>
        <lei>549300C2HE5FJAWYZL57</lei>
        <title>CSAIL Commercial Mortgage Trust, Series 2016-C6, Class B</title>
        <cusip>12636MAK4</cusip>
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          <isin value="US12636MAK45"/>
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        <balance>485000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Wind River CLO Ltd.</name>
        <lei>254900ZK5ODN8CA7YX85</lei>
        <title>Wind River CLO Ltd., Series 2014-3A, Class DR2</title>
        <cusip>88432DBL7</cusip>
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          <isin value="US88432DBL73"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BPR Trust</name>
        <lei>N/A</lei>
        <title>BPR Trust, Series 2021-TY, Class A</title>
        <cusip>05592AAA8</cusip>
        <identifiers>
          <isin value="US05592AAA88"/>
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        <balance>536000.00000000</balance>
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      <invstOrSec>
        <name>JetBlue Airways Corp.</name>
        <lei>N/A</lei>
        <title>JetBlue Airways Corp.</title>
        <cusip>476920AA1</cusip>
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          <isin value="US476920AA15"/>
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        <balance>60000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Burlington Northern Santa Fe LLC</name>
        <lei>N/A</lei>
        <title>Burlington Northern Santa Fe LLC</title>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>GNMA</title>
        <cusip>36176XUH0</cusip>
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        <balance>2587392.24000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Acu Petroleo Luxembourg Sarl</name>
        <lei>N/A</lei>
        <title>Acu Petroleo Luxembourg Sarl</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USL0R80QAA10"/>
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        <balance>230660.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230084.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust, Series 2007-HY1, Class 2A1</title>
        <cusip>12544EAC1</cusip>
        <identifiers>
          <isin value="US12544EAC12"/>
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        <balance>55946.91000000</balance>
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        <name>Ashtead Capital, Inc.</name>
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        <name>Trestles CLO VIII Ltd.</name>
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        <name>Citigroup, Inc.</name>
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        <name>Sabre GLBL, Inc.</name>
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        <name>BANK</name>
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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>NGL Energy Operating LLC</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>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
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        <name>Southwestern Electric Power Co.</name>
        <lei>R64UBJHEC74EB3HGQ410</lei>
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        <name>CAP SA</name>
        <lei>54930079GPG23NTBB003</lei>
        <title>CAP SA</title>
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        <invCountry>CL</invCountry>
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        <name>Brookfield Finance, Inc.</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>Brookfield Finance, Inc.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Athene Global Funding</name>
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        <name>Cantor Commercial Real Estate Lending</name>
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        <name>Southern Co. (The)</name>
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        <name>Morgan Stanley</name>
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        <name>KREF Ltd.</name>
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        <name>DTE Energy Co.</name>
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        <name>Citigroup Commercial Mortgage Trust</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Benchmark Mortgage Trust</name>
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        <name>NextEra Energy Capital Holdings, Inc.</name>
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        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Rocket Cos., Inc.</name>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
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      <invstOrSec>
        <name>Option One Mortgage Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
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        <name>JPMCC Commercial Mortgage Securities Trust</name>
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        <name>GNMA</name>
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        <title>GNMA</title>
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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>AbbVie, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <title>Arthur J Gallagher &amp; Co.</title>
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        <name>Movida Europe SA</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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        <title>UMBS</title>
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        <name>Fertitta Entertainment LLC</name>
        <lei>N/A</lei>
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        <name>CHL Mortgage Pass-Through Trust</name>
        <lei>N/A</lei>
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        <name>Rocket Cos., Inc.</name>
        <lei>N/A</lei>
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        <name>Sirius XM Radio LLC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio LLC</title>
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        <name>Figure Line of Credit Trust</name>
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        <name>Cheniere Energy, Inc.</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy, Inc.</title>
        <cusip>16411RAK5</cusip>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Amentum Holdings, Inc.</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>Amentum Holdings, Inc.</title>
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          <isin value="US02352BAA35"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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      <invstOrSec>
        <name>Sound Point CLO XXIV</name>
        <lei>N/A</lei>
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        <cusip>83614NAU7</cusip>
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          <isin value="US83614NAU72"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-25</maturityDt>
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        <name>Smurfit Kappa Treasury ULC</name>
        <lei>635400B3DOXSWFOWJT40</lei>
        <title>Smurfit Kappa Treasury ULC</title>
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          <isin value="US83272GAD34"/>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Adani Transmission Step-One Ltd.</name>
        <lei>335800Z8CGS7O7D72N41</lei>
        <title>Adani Transmission Step-One Ltd.</title>
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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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        <name>NetApp, Inc.</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NetApp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FNMA</title>
        <cusip>3140NYA50</cusip>
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          <isin value="US3140NYA504"/>
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        <balance>2522000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2606660.01000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>APH Somerset Investor 2 LLC</name>
        <lei>N/A</lei>
        <title>APH Somerset Investor 2 LLC</title>
        <cusip>00188QAA4</cusip>
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          <isin value="US00188QAA40"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61188.60000000</valUSD>
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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>
        <title>Canyon CLO Ltd., Series 2020-1A, Class DR2</title>
        <cusip>13876LBC0</cusip>
        <identifiers>
          <isin value="US13876LBC00"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499768.00000000</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>2034-07-15</maturityDt>
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          <annualizedRt>7.35609960</annualizedRt>
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        <name>Kyndryl Holdings, Inc.</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings, Inc.</title>
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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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        <name>XPO, Inc.</name>
        <lei>54930096DB9LCLPN7H13</lei>
        <title>XPO, Inc.</title>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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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        <invCountry>US</invCountry>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>Uber Technologies, Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies, Inc.</title>
        <cusip>90353TAP5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <name>Penske Truck Leasing Co. LP</name>
        <lei>N/A</lei>
        <title>Penske Truck Leasing Co. LP</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <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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        <invCountry>KY</invCountry>
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        <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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        <balance>827000.00000000</balance>
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        <valUSD>559206.57000000</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>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Ecopetrol SA</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol SA</title>
        <cusip>279158AQ2</cusip>
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        <balance>700000.00000000</balance>
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        <name>AthenaHealth Group, Inc.</name>
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        <name>MF1</name>
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      <invstOrSec>
        <name>Long Point Park CLO Ltd.</name>
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        <name>Commonwealth Edison Co.</name>
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        <name>BANK</name>
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        <name>Triton Container Finance VIII LLC</name>
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        <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>NRG Energy, Inc.</name>
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        <name>Subway Funding LLC</name>
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        <name>Alliant Holdings Intermediate LLC</name>
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        <name>FHLMC Pool</name>
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        <title>UMBS</title>
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        <name>CACI International, Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI International, Inc.</title>
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      <invstOrSec>
        <name>Clover CLO LLC</name>
        <lei>N/A</lei>
        <title>Clover CLO LLC, Series 2021-3A, Class DR</title>
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        <name>Diageo Investment Corp.</name>
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        <name>BANK5</name>
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        <name>Duke Energy Corp.</name>
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        <name>Medline Borrower LP</name>
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        <name>Life Time, Inc.</name>
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        <name>BDS LLC</name>
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        <name>Veritiv Operating Co.</name>
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        <name>Eastern Energy Gas Holdings LLC</name>
        <lei>549300BFOD6TDMVV4O24</lei>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <name>Brown &amp; Brown, Inc.</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>Brown &amp; Brown, Inc.</title>
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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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        <name>Cathedral Lake VIII Ltd.</name>
        <lei>N/A</lei>
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        <name>Biogen, Inc.</name>
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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>
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      <invstOrSec>
        <name>200 Park Funding Trust</name>
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      <invstOrSec>
        <name>Dcli Bidco LLC</name>
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      <invstOrSec>
        <name>Newmont Corp.</name>
        <lei>N/A</lei>
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        <name>MV24 Capital BV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
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        <name>Royalty Pharma plc</name>
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        <invCountry>GB</invCountry>

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        <name>Omega Healthcare Investors, Inc.</name>
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        <name>Banco Continental SAECA</name>
        <lei>8945005Q0D60A6FCEM55</lei>
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        <name>AEP Texas, Inc.</name>
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        <name>Credit Agricole SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
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        <name>Chile Electricity Lux Mpc II Sarl</name>
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        <title>Chile Electricity Lux Mpc II Sarl</title>
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      <invstOrSec>
        <name>Benchmark Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Benchmark Mortgage Trust, Series 2019-B13, Class A3</title>
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      <invstOrSec>
        <name>United Natural Foods, Inc.</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods, Inc.</title>
        <cusip>911163AA1</cusip>
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        <name>FNMA</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CSN Resources SA</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Adani Ports &amp; Special Economic Zone Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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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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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Crown Castle, Inc.</name>
        <lei>54930012H97VSM0I2R19</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Suntrust Alternative Loan Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
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        <title>DTE Energy Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
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      <invstOrSec>
        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA Corp.</title>
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          <isin value="US03743QAQ10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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          <annualizedRt>6.10000000</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 E</title>
        <cusip>88432WAA0</cusip>
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          <isin value="US88432WAA09"/>
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        <balance>500000.00000000</balance>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
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      <invstOrSec>
        <name>AASET Ltd.</name>
        <lei>N/A</lei>
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          <isin value="US00039NAA28"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-16</maturityDt>
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        <name>Park Intermediate Holdings LLC</name>
        <lei>N/A</lei>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-23</maturityDt>
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        <name>WAVE LLC</name>
        <lei>N/A</lei>
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        <name>SoFi Consumer Loan Program Trust</name>
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        <cusip>83407HAB3</cusip>
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          <maturityDt>2034-06-25</maturityDt>
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        <name>FHLMC STACR REMIC Trust</name>
        <lei>5493000IS4M3TZMRB410</lei>
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      <invstOrSec>
        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm, Inc.</title>
        <cusip>893647BY2</cusip>
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      <invstOrSec>
        <name>LifePoint Health, Inc.</name>
        <lei>549300G8ZVHRTBBBSZ90</lei>
        <title>LifePoint Health, Inc.</title>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Agilent Technologies, Inc.</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>Agilent Technologies, Inc.</title>
        <cusip>00846UAR2</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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>Civitas Resources, Inc.</name>
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        <title>Civitas Resources, Inc.</title>
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        <valUSD>81904.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class A3</title>
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        <identifiers>
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        <balance>451000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468922.24000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CLF67"/>
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        <units>PA</units>
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        <valUSD>35406056.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        </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"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35987.00000000</valUSD>
        <pctVal>0.006978438719</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mars, Inc.</name>
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        <title>Mars, Inc.</title>
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        </identifiers>
        <balance>308000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307313.99000000</valUSD>
        <pctVal>0.059592959868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-30</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>
</edgarSubmission>
