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        <valUSD>15841.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Herzfeld Caribbean Basin Fund</name>
        <lei>549300ML0K6PRXPULR11</lei>
        <title>Herzfeld Caribbean Basin Fund, Inc.</title>
        <cusip>42804T106</cusip>
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          <isin value="US42804T1060"/>
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        <balance>3305.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares MSCI EAFE ETF</name>
        <lei>549300O0XO3KDQV68404</lei>
        <title>iShares MSCI EAFE ETF</title>
        <cusip>464287465</cusip>
        <identifiers>
          <isin value="US4642874659"/>
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        <balance>-2340.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RMR Real Estate Income Fund</name>
        <lei>549300ESBDZ3SA3OEX38</lei>
        <title>RMR Real Estate Income Fund</title>
        <cusip>76970B101</cusip>
        <identifiers>
          <isin value="US76970B1017"/>
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        <balance>3090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36029.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>WTI Crude Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CLQ0"/>
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        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>427.45000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-07-21</expDate>
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            <unrealizedAppr>427.45000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Swiss Franc Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SFU0"/>
        </identifiers>
        <balance>-55.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20214.91000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                <identifiers>
                  <cusip value="N/A"/>
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            <expDate>2020-09-14</expDate>
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            <unrealizedAppr>-20214.91000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Aberdeen Global Premier Proper</name>
        <lei>2549006N165AK05LKM02</lei>
        <title>Aberdeen Global Premier Properties Fund</title>
        <cusip>00302L108</cusip>
        <identifiers>
          <isin value="US00302L1089"/>
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        <balance>3291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15336.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Credit Allocation In</name>
        <lei>WU48CSUCFTU86AQUYZ93</lei>
        <title>BlackRock Credit Allocation Income Trust</title>
        <cusip>092508100</cusip>
        <identifiers>
          <isin value="US0925081004"/>
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        <balance>1087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14348.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tiffany &amp; Co</name>
        <lei>549300EJG9IEYQL5XT21</lei>
        <title>Tiffany &amp; Co.</title>
        <cusip>886547108</cusip>
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          <isin value="US8865471085"/>
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        <balance>9951.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1213424.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares U.S. Real Estate ETF</name>
        <lei>549300SJWB2CPZFPT616</lei>
        <title>iShares U.S. Real Estate ETF</title>
        <cusip>464287739</cusip>
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          <isin value="US4642877397"/>
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        <balance>-2265.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-178504.65000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122157</cusip>
        <identifiers>
          <isin value="US1101221570"/>
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        <balance>5855.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20960.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Rights"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Neuberger Berman Real Estate S</name>
        <lei>549300WU72ZN21PNWQ56</lei>
        <title>Neuberger Berman Real Estate Securities Income Fund, Inc.</title>
        <cusip>64190A103</cusip>
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          <isin value="US64190A1034"/>
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        <balance>4125.00000000</balance>
        <units>NS</units>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tortoise Power and Energy Infr</name>
        <lei>549300O8GKMVVEB04345</lei>
        <title>Tortoise Power and Energy Infrastructure Fund, Inc.</title>
        <cusip>89147X104</cusip>
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          <isin value="US89147X1046"/>
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        <balance>3374.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guggenheim Partners Investment Management LLC</name>
        <lei>N/A</lei>
        <title>Guggenheim Strategy Fund II</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GFSBX"/>
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        <balance>85915.14600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2124681.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First American Funds</name>
        <lei>N/A</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FGZXX"/>
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        <balance>28850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28850.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <cashCollateralCondition cashCollateralVal="28850.00000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Macquarie/First Trust Global I</name>
        <lei>549300JL3ROR79GLM190</lei>
        <title>Macquarie/First Trust Global Infrastructure/Utilities Dividend &amp; Income Fund</title>
        <cusip>55607W100</cusip>
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          <isin value="US55607W1009"/>
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        <balance>1805.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>LMP Capital and Income Fund In</name>
        <lei>549300YJH1GYGXCCQ467</lei>
        <title>LMP Capital and Income Fund, Inc.</title>
        <cusip>50208A102</cusip>
        <identifiers>
          <isin value="US50208A1025"/>
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        <balance>1448.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>John Hancock Tax-Advantaged Gl</name>
        <lei>549300KILC6GI1G1FO95</lei>
        <title>John Hancock Tax-Advantaged Global Shareholder Yield Fund</title>
        <cusip>41013P749</cusip>
        <identifiers>
          <isin value="US41013P7490"/>
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        <balance>2719.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nuveen California Quality Muni</name>
        <lei>549300ZT6V9X5U9BHR46</lei>
        <title>Nuveen California Quality Municipal Income Fund</title>
        <cusip>67066Y105</cusip>
        <identifiers>
          <isin value="US67066Y1055"/>
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        <balance>1387.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>New Zealand Dollar Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NVU0"/>
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        <balance>14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2256.68000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
                <issueTitle>New Zealand Dollar</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2020-09-14</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Royce Global Value Trust Inc</name>
        <lei>254900MA25TE88EMIP63</lei>
        <title>Royce Global Value Trust, Inc.</title>
        <cusip>78081T104</cusip>
        <identifiers>
          <isin value="US78081T1043"/>
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        <balance>1133.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13108.81000000</valUSD>
        <pctVal>0.030002100339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Silver Trust</name>
        <lei>549300K2C2CG14B0ZA09</lei>
        <title>iShares Silver Trust</title>
        <cusip>46428Q109</cusip>
        <identifiers>
          <isin value="US46428Q1094"/>
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        <balance>-4701.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-79964.01000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniYield Fund Inc</name>
        <lei>AVXF9RZVI4EDWXACOH81</lei>
        <title>BlackRock MuniYield Fund, Inc.</title>
        <cusip>09253W104</cusip>
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          <isin value="US09253W1045"/>
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        <balance>969.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13168.71000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Guggenheim Partners Investment Management LLC</name>
        <lei>N/A</lei>
        <title>Guggenheim Variable Insurance Strategy Fund III</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GFSVX"/>
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        <balance>84431.70400000</balance>
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        <curCd>USD</curCd>
        <valUSD>2088840.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Core U.S. Aggregate Bo</name>
        <lei>549300F7VSXTKBGHJE47</lei>
        <title>iShares Core U.S. Aggregate Bond ETF</title>
        <cusip>464287226</cusip>
        <identifiers>
          <isin value="US4642872265"/>
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        <balance>-338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-39954.98000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IBERIABANK Corp</name>
        <lei>WQ4U3ADCR5WID15LA317</lei>
        <title>IBERIABANK Corp.</title>
        <cusip>450828108</cusip>
        <identifiers>
          <isin value="US4508281080"/>
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        <balance>5424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dividend and Income Fund</name>
        <lei>549300GQF37VFS5FKW75</lei>
        <title>Dividend and Income Fund</title>
        <cusip>25538A204</cusip>
        <identifiers>
          <isin value="US25538A2042"/>
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        <balance>1377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14017.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>London Metal Exchange</name>
        <lei>N/A</lei>
        <title>LME Lead Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LLQ0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-184.25000000</valUSD>
        <pctVal>-0.00042169250</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-08-17</expDate>
            <notionalAmt>-44047.00000000</notionalAmt>
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            <unrealizedAppr>-184.25000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Gabelli Dividend &amp; Income Trus</name>
        <lei>549300082N1MHBT8NI60</lei>
        <title>Gabelli Dividend &amp; Income Trust</title>
        <cusip>36242H104</cusip>
        <identifiers>
          <isin value="US36242H1041"/>
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        <balance>828.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14572.80000000</valUSD>
        <pctVal>0.033352730555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Intermediate Mun</name>
        <lei>5493000MG5MROBD48K57</lei>
        <title>Western Asset Intermediate Muni Fund, Inc.</title>
        <cusip>958435109</cusip>
        <identifiers>
          <isin value="US9584351095"/>
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        <balance>3910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33469.60000000</valUSD>
        <pctVal>0.076601788990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Invesco Senior Income Trust</name>
        <lei>549300C38VE5Y5R75E56</lei>
        <title>Invesco Senior Income Trust</title>
        <cusip>46131H107</cusip>
        <identifiers>
          <isin value="US46131H1077"/>
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        <balance>4173.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14438.58000000</valUSD>
        <pctVal>0.033045541580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>
        <name>Adams Diversified Equity Fund</name>
        <lei>5493005W7G81BNPP7M23</lei>
        <title>Adams Diversified Equity Fund, Inc.</title>
        <cusip>006212104</cusip>
        <identifiers>
          <isin value="US0062121043"/>
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        <balance>2508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37394.28000000</valUSD>
        <pctVal>0.085584194194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>
        <name>First Trust Aberdeen Global Op</name>
        <lei>2HCZRZBY990FDYBUS727</lei>
        <title>First Trust Aberdeen Global Opportunity Income Fund</title>
        <cusip>337319107</cusip>
        <identifiers>
          <isin value="US3373191077"/>
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        <balance>1489.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14770.88000000</valUSD>
        <pctVal>0.033806075751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Morgan Stanley Emerging Market</name>
        <lei>541YGIXZ6JJP4EZDJI96</lei>
        <title>Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.</title>
        <cusip>617477104</cusip>
        <identifiers>
          <isin value="US6174771047"/>
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        <balance>2520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14238.00000000</valUSD>
        <pctVal>0.032586474641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>BlackRock Municipal Income Inv</name>
        <lei>A2HHML4IABXGDVD17F46</lei>
        <title>BlackRock Municipal Income Investment Trust</title>
        <cusip>09248H105</cusip>
        <identifiers>
          <isin value="US09248H1059"/>
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        <balance>1047.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13328.31000000</valUSD>
        <pctVal>0.030504469435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Cattle Feeder Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FCQ0"/>
        </identifiers>
        <balance>-3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6380.07000000</valUSD>
        <pctVal>-0.01460205009</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Cattle Feeder</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Cattle Feeder"/>
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            <expDate>2020-08-27</expDate>
            <notionalAmt>-193494.93000000</notionalAmt>
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            <unrealizedAppr>-6380.07000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Emerging Markets</name>
        <lei>549300F68574RU1BKP84</lei>
        <title>Western Asset Emerging Markets Debt Fund, Inc.</title>
        <cusip>95766A101</cusip>
        <identifiers>
          <isin value="US95766A1016"/>
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        <balance>1217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14993.44000000</valUSD>
        <pctVal>0.034315448261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>Wheat Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="W U0"/>
        </identifiers>
        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6557.50000000</valUSD>
        <pctVal>0.015008133688</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Wheat</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2020-09-14</expDate>
            <notionalAmt>-252682.50000000</notionalAmt>
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            <unrealizedAppr>6557.50000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First Trust Senior Floating Ra</name>
        <lei>549300188EQ1UO018C30</lei>
        <title>First Trust Senior Floating Rate Income Fund II</title>
        <cusip>33733U108</cusip>
        <identifiers>
          <isin value="US33733U1088"/>
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        <balance>1287.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14015.43000000</valUSD>
        <pctVal>0.032077079244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Municipal Partne</name>
        <lei>5493001Z97VQ69W5OH84</lei>
        <title>Western Asset Municipal Partners Fund, Inc.</title>
        <cusip>95766P108</cusip>
        <identifiers>
          <isin value="US95766P1084"/>
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        <balance>1045.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14786.75000000</valUSD>
        <pctVal>0.033842397380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Emerging Market</name>
        <lei>879N34XPZOOCKFD26737</lei>
        <title>Morgan Stanley Emerging Markets Debt Fund, Inc.</title>
        <cusip>61744H105</cusip>
        <identifiers>
          <isin value="US61744H1059"/>
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        <balance>1747.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14832.03000000</valUSD>
        <pctVal>0.033946029601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Live Cattle Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCQ0"/>
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        <balance>36.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3235.88000000</valUSD>
        <pctVal>-0.00740595038</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Live Cattle</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Live Cattle"/>
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            </descRefInstrmnt>
            <expDate>2020-08-31</expDate>
            <notionalAmt>1393195.88000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-3235.88000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Trust High Income Long/S</name>
        <lei>JUEVI6DHENZLPUBV7E49</lei>
        <title>First Trust High Income Long/Short Fund</title>
        <cusip>33738E109</cusip>
        <identifiers>
          <isin value="US33738E1091"/>
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        <balance>1061.00000000</balance>
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        <curCd>USD</curCd>
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        <name>First Trust New Opportunities</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nuveen New York Select Tax-Fre</name>
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        <name>Neuberger Berman New York Muni</name>
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        <name>TD Ameritrade Holding Corp</name>
        <lei>ZI85ER3E6RXD4HPHW309</lei>
        <title>TD Ameritrade Holding Corp.</title>
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        <name>Cohen &amp; Steers Quality Income</name>
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        <name>Eurex</name>
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        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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        <name>Royce Value Trust Inc</name>
        <lei>254900NJE1W1YYKNVM16</lei>
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          <isin value="US7809101055"/>
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        <name>Nuveen Diversified Dividend &amp;</name>
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        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="ESU0"/>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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        <name>Clough Global Opportunities Fu</name>
        <lei>549300DTG68UBCNCPY15</lei>
        <title>Clough Global Opportunities Fund</title>
        <cusip>18914E106</cusip>
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          <isin value="US18914E1064"/>
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        <name>BNY Mellon Strategic Municipal</name>
        <lei>54930044KK4C1VDJ7M52</lei>
        <title>BNY Mellon Strategic Municipal Bond Fund, Inc.</title>
        <cusip>09662E109</cusip>
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          <isin value="US09662E1091"/>
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        <name>Consumer Staples Select Sector</name>
        <lei>549300Z52QUV3UXHLA68</lei>
        <title>Consumer Staples Select Sector SPDR Fund</title>
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        <name>Pioneer Municipal High Income</name>
        <lei>UE8ZNXHQH48NNA19I459</lei>
        <title>Pioneer Municipal High Income Advantage Trust</title>
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        <name>Nuveen New York Quality Munici</name>
        <lei>549300B795LQBEIHRS62</lei>
        <title>Nuveen New York Quality Municipal Income Fund</title>
        <cusip>67066X107</cusip>
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          <isin value="US67066X1072"/>
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        <name>Ellsworth Growth and Income Fu</name>
        <lei>549300GYFOXHCDQTI772</lei>
        <title>Ellsworth Growth and Income Fund Ltd.</title>
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        <name>Nuveen Virginia Quality Munici</name>
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        <title>Nuveen Virginia Quality Municipal Income Fund</title>
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        <name>China Fund Inc/The</name>
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        <title>China Fund, Inc.</title>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>Barclays Capital, Inc.</title>
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        <name>Invesco Value Municipal Income</name>
        <lei>X075VJ33QQP2G2NTOV20</lei>
        <title>Invesco Value Municipal Income Trust</title>
        <cusip>46132P108</cusip>
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        <name>Federated Hermes Premier Munic</name>
        <lei>C0TUI5ZPEIY028NN4Q23</lei>
        <title>Federated Hermes Premier Municipal Income Fund</title>
        <cusip>31423P108</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>BlackRock Strategic Municipal</name>
        <lei>DHJF4NDTT27QQ22K2S66</lei>
        <title>BlackRock Strategic Municipal Trust</title>
        <cusip>09248T109</cusip>
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        <balance>1001.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>E*TRADE Financial Corp</name>
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      <invstOrSec>
        <name>AllianceBernstein National Mun</name>
        <lei>MNYPOOOZYY8V01GEIT28</lei>
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        <name>Voya Prime Rate Trust</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AllianzGI Equity &amp; Convertible</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BlackRock MuniYield California</name>
        <lei>66NM4YVPRCKC38WC6N20</lei>
        <title>BlackRock MuniYield California Fund, Inc.</title>
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          <isin value="US09254M1053"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nuveen Tax-Advantaged Dividend</name>
        <lei>P8A4JDNIPXCEKEVC8W52</lei>
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        <cusip>67073G105</cusip>
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          <isin value="US67073G1058"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Franklin Financial Network Inc</name>
        <lei>N/A</lei>
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          <isin value="US35352P1049"/>
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        <name>iShares MSCI Emerging Markets</name>
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        <title>iShares MSCI Emerging Markets ETF</title>
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          <isin value="US4642872349"/>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares MBS ETF</name>
        <lei>549300M0TH0IE2E6RP07</lei>
        <title>iShares MBS ETF</title>
        <cusip>464288588</cusip>
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          <isin value="US4642885887"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>Chicago Board of Trade</name>
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        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Short</payOffProf>
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        <name>OMX Nordic Exchange Stockholm</name>
        <lei>N/A</lei>
        <title>OMX Stockholm 30 Index Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="QCN0"/>
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        <balance>-4.00000000</balance>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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        <name>Kayne Anderson MLP/Midstream I</name>
        <lei>549300H9ZCLGQEKXQY57</lei>
        <title>Kayne Anderson MLP/Midstream Investment Co.</title>
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        <name>Caesars Entertainment Corp</name>
        <lei>529900CJT4VQO26ONP04</lei>
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        <name>Eaton Vance Tax-Advantaged Glo</name>
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        <title>Eaton Vance Tax-Advantaged Global Dividend Income Fund</title>
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        <name>Voya International High Divide</name>
        <lei>549300ZOZBG88CR6XC45</lei>
        <title>Voya International High Dividend Equity Income Fund</title>
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        <name>BlackRock Floating Rate Income</name>
        <lei>UZXE8UOGW61VMG5WLP57</lei>
        <title>BlackRock Floating Rate Income Strategies Fund, Inc.</title>
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        <name>Ivy High Income Opportunities</name>
        <lei>549300C130E3EJZ8ZQ39</lei>
        <title>Ivy High Income Opportunities Fund</title>
        <cusip>465893105</cusip>
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        <assetCat>EC</assetCat>
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        <name>Nuveen Tax-Advantaged Total Re</name>
        <lei>LYX9FVHXPB1ZJXLXRJ27</lei>
        <title>Nuveen Tax-Advantaged Total Return Strategy Fund</title>
        <cusip>67090H102</cusip>
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        <name>BlackRock MuniYield Quality Fu</name>
        <lei>UB5J2GS6Q51M6A2L8886</lei>
        <title>BlackRock MuniYield Quality Fund III, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eurex</name>
        <lei>N/A</lei>
        <title>DAX Index Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="GXU0"/>
        </identifiers>
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        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Deutsche Boerse AG German Stock Index DAX</indexName>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Miller/Howard High Dividend Fu</name>
        <lei>N/A</lei>
        <title>Miller/Howard High Dividend Fund</title>
        <cusip>600379101</cusip>
        <identifiers>
          <isin value="US6003791018"/>
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        <balance>2775.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs MLP Income Oppor</name>
        <lei>549300B1LG5O24WYQ650</lei>
        <title>Goldman Sachs MLP Income Opportunities Fund</title>
        <cusip>38147W202</cusip>
        <identifiers>
          <isin value="US38147W2026"/>
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        <balance>1583.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>Soybean Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="S X0"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2905.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-11-13</expDate>
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            <unrealizedAppr>-2905.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Asset Inflation-Linked</name>
        <lei>549300Z3DNF4FJBJ4A87</lei>
        <title>Western Asset Inflation-Linked Opportunities &amp; Income Fund</title>
        <cusip>95766R104</cusip>
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          <isin value="US95766R1041"/>
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        <balance>1368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Financial Select Sector SPDR F</name>
        <lei>549300Y12KQ6ZG08NY28</lei>
        <title>Financial Select Sector SPDR Fund</title>
        <cusip>81369Y605</cusip>
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          <isin value="US81369Y6059"/>
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        <balance>-883.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Willis Towers Watson PLC</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>Willis Towers Watson plc</title>
        <cusip>N/A</cusip>
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          <isin value="IE00BDB6Q211"/>
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        <balance>1256.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>London Metal Exchange</name>
        <lei>N/A</lei>
        <title>LME Primary Aluminum Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="LAQ20"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>731.50000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2020-08-17</expDate>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASX Trade24</name>
        <lei>N/A</lei>
        <title>Australian Government 10 Year Bond Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XMU0"/>
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        <balance>117.00000000</balance>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-09-15</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Corporate High Yield</name>
        <lei>97ZR60BLU36N5VJMH054</lei>
        <title>BlackRock Corporate High Yield Fund, Inc.</title>
        <cusip>09255P107</cusip>
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          <isin value="US09255P1075"/>
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        <balance>1462.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Global High Income Fund</name>
        <lei>549300I4IAH7O6ZZEH53</lei>
        <title>Nuveen Global High Income Fund</title>
        <cusip>67075G103</cusip>
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          <isin value="US67075G1031"/>
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        <balance>1098.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tekla Healthcare Investors</name>
        <lei>549300SNASESIFOS6V75</lei>
        <title>Tekla Healthcare Investors</title>
        <cusip>87911J103</cusip>
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          <isin value="US87911J1034"/>
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        <balance>674.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Note Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TYU0"/>
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        <balance>26.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2020-09-21</expDate>
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      <invstOrSec>
        <name>Tortoise Pipeline &amp; Energy Fun</name>
        <lei>549300L8CO08RZOP4B19</lei>
        <title>Tortoise Pipeline &amp; Energy Fund, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Clough Global Equity Fund</name>
        <lei>549300SI1THLT6A9J147</lei>
        <title>Clough Global Equity Fund</title>
        <cusip>18914C100</cusip>
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          <isin value="US18914C1009"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Cohen &amp; Steers MLP Income and</name>
        <lei>549300RTWJXC5OODPM63</lei>
        <title>Cohen &amp; Steers MLP Income and Energy Opportunity Fund, Inc.</title>
        <cusip>19249B106</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Pennsylvania Value Mun</name>
        <lei>549300S5KHBL3XISY922</lei>
        <title>Invesco Pennsylvania Value Municipal Income Trust</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Nuveen Floating Rate Income Op</name>
        <lei>6TG15UBKG3HMZ9US3I68</lei>
        <title>Nuveen Floating Rate Income Opportunity Fund</title>
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          <isin value="US6706EN1001"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Germany Fund Inc/The</name>
        <lei>549300TPS2RTTJ8O3C08</lei>
        <title>New Germany Fund, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Utilities Select Sector SPDR F</name>
        <lei>549300ERQDM80PRYUH21</lei>
        <title>Utilities Select Sector SPDR Fund</title>
        <cusip>81369Y886</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Georgia Quality Municip</name>
        <lei>54930023QNPVRWXW1U13</lei>
        <title>Nuveen Georgia Quality Municipal Income Fund</title>
        <cusip>67072B107</cusip>
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          <isin value="US67072B1070"/>
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        <balance>3086.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco California Value Munic</name>
        <lei>0O4FOPVOK8KA2I2US555</lei>
        <title>Invesco California Value Municipal Income Trust</title>
        <cusip>46132H106</cusip>
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          <isin value="US46132H1068"/>
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        <balance>3186.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37212.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duff &amp; Phelps Select MLP and M</name>
        <lei>549300YRDZ8YRPOKW946</lei>
        <title>Duff &amp; Phelps Select MLP and Midstream Energy Fund, Inc.</title>
        <cusip>26433F108</cusip>
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          <isin value="US26433F1084"/>
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        <balance>22315.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12050.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Core Equity Alpha Fund</name>
        <lei>RXOICX8BWX0J6XOHJ530</lei>
        <title>Nuveen Core Equity Alpha Fund</title>
        <cusip>67090X107</cusip>
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          <isin value="US67090X1072"/>
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        <balance>1029.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12553.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Multi-Sector Income</name>
        <lei>549300BOVTR6GS7HLC41</lei>
        <title>BlackRock Multi-Sector Income Trust</title>
        <cusip>09258A107</cusip>
        <identifiers>
          <isin value="US09258A1079"/>
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        <balance>1021.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14712.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eurex</name>
        <lei>N/A</lei>
        <title>Euro STOXX 50 Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VGU0"/>
        </identifiers>
        <balance>-12.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
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        <pctVal>-0.00160579592</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>EURO STOXX 50 Price EUR</indexName>
                <indexIdentifier>EU0009658145</indexIdentifier>
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            <expDate>2020-09-18</expDate>
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            <curCd>EUR</curCd>
            <unrealizedAppr>-701.62000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ClearBridge Energy Midstream O</name>
        <lei>549300U6RAJWN6OONX12</lei>
        <title>ClearBridge Energy Midstream Opportunity Fund, Inc.</title>
        <cusip>18469P100</cusip>
        <identifiers>
          <isin value="US18469P1003"/>
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        <balance>4783.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11287.88000000</valUSD>
        <pctVal>0.025834542447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ClearBridge MLP &amp; Midstream Fu</name>
        <lei>549300KS1WIARK4T8791</lei>
        <title>ClearBridge MLP &amp; Midstream Fund, Inc.</title>
        <cusip>184692101</cusip>
        <identifiers>
          <isin value="US1846921013"/>
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        <balance>3411.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10881.09000000</valUSD>
        <pctVal>0.024903523202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares MSCI Hong Kong ETF</name>
        <lei>5493006QGDOVMY5SAY54</lei>
        <title>iShares MSCI Hong Kong ETF</title>
        <cusip>464286871</cusip>
        <identifiers>
          <isin value="US4642868719"/>
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        <balance>-1403.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-29982.11000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meff Renta Variable (Madrid)</name>
        <lei>N/A</lei>
        <title>IBEX 35 Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IBN0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
        <valUSD>400.16000000</valUSD>
        <pctVal>0.000915845181</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>IBEX 35 Index</indexName>
                <indexIdentifier>ES0SI0000005</indexIdentifier>
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            <expDate>2020-07-17</expDate>
            <notionalAmt>-81783.55000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>400.16000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>London Metal Exchange</name>
        <lei>N/A</lei>
        <title>LME Zinc Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LXQ0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-621.75000000</valUSD>
        <pctVal>-0.00142299765</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Zinc</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="LME Zinc"/>
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            <expDate>2020-08-17</expDate>
            <notionalAmt>-50428.25000000</notionalAmt>
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            <unrealizedAppr>-621.75000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniYield Arizona Fu</name>
        <lei>9IY7HX1JJCGJPL43X134</lei>
        <title>BlackRock MuniYield Arizona Fund, Inc.</title>
        <cusip>09254K109</cusip>
        <identifiers>
          <isin value="US09254K1097"/>
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        <balance>974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13694.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Global Dividend Op</name>
        <lei>5493000KZPDD7O5F1562</lei>
        <title>Wells Fargo Global Dividend Opportunity Fund</title>
        <cusip>94987C103</cusip>
        <identifiers>
          <isin value="US94987C1036"/>
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        <balance>3521.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15245.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Australian Dollar Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ADU0"/>
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        <balance>-7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2243.08000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                  <cusip value="N/A"/>
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            <expDate>2020-09-14</expDate>
            <notionalAmt>-485383.08000000</notionalAmt>
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            <unrealizedAppr>2243.08000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aberdeen Japan Equity Fund Inc</name>
        <lei>549300TENE1BGI09O157</lei>
        <title>Aberdeen Japan Equity Fund, Inc.</title>
        <cusip>00306J109</cusip>
        <identifiers>
          <isin value="US00306J1097"/>
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        <balance>2042.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15825.50000000</valUSD>
        <pctVal>0.036219781881</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Quality Municipal Inco</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
        <title>Invesco Quality Municipal Income Trust</title>
        <cusip>46133G107</cusip>
        <identifiers>
          <isin value="US46133G1076"/>
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        <balance>1065.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12694.80000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>El Paso Electric Co</name>
        <lei>OZ8GM8L4AHPKSWZMW205</lei>
        <title>El Paso Electric Co.</title>
        <cusip>283677854</cusip>
        <identifiers>
          <isin value="US2836778546"/>
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        <balance>8218.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550606.00000000</valUSD>
        <pctVal>1.260170561613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Trust Aberdeen Emerging</name>
        <lei>700UQMDEFIFKNKMN0L14</lei>
        <title>First Trust Aberdeen Emerging Opportunity Fund</title>
        <cusip>33731K102</cusip>
        <identifiers>
          <isin value="US33731K1025"/>
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        <balance>1297.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15317.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo Multi-Sector Incom</name>
        <lei>549300K6JNPNZMSWMF07</lei>
        <title>Wells Fargo Multi-Sector Income Fund</title>
        <cusip>94987D101</cusip>
        <identifiers>
          <isin value="US94987D1019"/>
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        <balance>1405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15469.05000000</valUSD>
        <pctVal>0.035403975667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Invesco Municipal Trust</name>
        <lei>GKS5Y4B1VKHV66WSPK53</lei>
        <title>Invesco Municipal Trust</title>
        <cusip>46131J103</cusip>
        <identifiers>
          <isin value="US46131J1034"/>
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        <balance>1089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12806.64000000</valUSD>
        <pctVal>0.029310524624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Tekla Healthcare Opportunities</name>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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          <ticker value="WNU0"/>
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        <valUSD>3189.46000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>Tortoise Energy Independence F</name>
        <lei>5493005UTWHF1U2B2H30</lei>
        <title>Tortoise Energy Independence Fund, Inc.</title>
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          <isin value="US89148K2006"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LogMeIn Inc</name>
        <lei>549300D12V5KRBV00592</lei>
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          <isin value="US54142L1098"/>
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        <balance>5924.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Real Asset Income and G</name>
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        <balance>1246.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advanced Disposal Services Inc</name>
        <lei>549300ML1GEF4BKIM713</lei>
        <title>Advanced Disposal Services, Inc.</title>
        <cusip>00790X101</cusip>
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          <isin value="US00790X1019"/>
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        <balance>20701.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Technology Select Sector SPDR</name>
        <lei>549300BR5T0JNM2MW070</lei>
        <title>Technology Select Sector SPDR Fund</title>
        <cusip>81369Y803</cusip>
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          <isin value="US81369Y8030"/>
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        <balance>-329.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-34377.21000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lantheus Holdings Inc</name>
        <lei>5299005HUB5IOJGO7S39</lei>
        <title>Lantheus Holdings, Inc.</title>
        <cusip>516544103</cusip>
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          <isin value="US5165441032"/>
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        <balance>0.17000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2.43000000</valUSD>
        <pctVal>0.000005561534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Euronext Derivatives Paris</name>
        <lei>N/A</lei>
        <title>CAC 40 10 Euro Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CFN0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
        <valUSD>-866.89000000</valUSD>
        <pctVal>-0.00198404895</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <indexBasketInfo>
                <indexName>CAC 40 Index</indexName>
                <indexIdentifier>FR0003500008</indexIdentifier>
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            <expDate>2020-07-17</expDate>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen California Municipal Va</name>
        <lei>B5J7C5PDZJ7LRKXZZJ93</lei>
        <title>Nuveen California Municipal Value Fund 2</title>
        <cusip>6706EB106</cusip>
        <identifiers>
          <isin value="US6706EB1062"/>
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        <balance>2582.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PGIM High Yield Bond Fund Inc</name>
        <lei>P63V0W84H2Z3IOKHSM44</lei>
        <title>PGIM High Yield Bond Fund, Inc.</title>
        <cusip>69346H100</cusip>
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          <isin value="US69346H1005"/>
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        <balance>1129.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Trust Energy Infrastruct</name>
        <lei>549300U01UTSY4XHYP86</lei>
        <title>First Trust Energy Infrastructure Fund</title>
        <cusip>33738C103</cusip>
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          <isin value="US33738C1036"/>
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        <balance>1298.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wells Fargo Income Opportuniti</name>
        <lei>5493001HF04TYQLWJP49</lei>
        <title>Wells Fargo Income Opportunities Fund</title>
        <cusip>94987B105</cusip>
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          <isin value="US94987B1052"/>
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        <balance>2063.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MFS High Income Municipal Trus</name>
        <lei>0G9TCUWY2FBUXSJY2691</lei>
        <title>MFS High Income Municipal Trust</title>
        <cusip>59318D104</cusip>
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          <isin value="US59318D1046"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Cocoa Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="CCU0"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4633.70000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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            <expDate>2020-09-15</expDate>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PGIM Global High Yield Fund In</name>
        <lei>F0ATD1Y4J8CHDKHSLD09</lei>
        <title>PGIM Global High Yield Fund, Inc.</title>
        <cusip>69346J106</cusip>
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          <isin value="US69346J1060"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Neuberger Berman California Mu</name>
        <lei>5493003VDAWQHC3PB533</lei>
        <title>Neuberger Berman California Municipal Fund, Inc.</title>
        <cusip>64123C101</cusip>
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          <isin value="US64123C1018"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICE Futures Europe Financials</name>
        <lei>N/A</lei>
        <title>FTSE 100 Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="Z U0"/>
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        <balance>-6.00000000</balance>
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        <name>Macquarie Global Infrastructur</name>
        <lei>NUJZT0OFFYGJKMCIDQ69</lei>
        <title>Macquarie Global Infrastructure Total Return Fund, Inc.</title>
        <cusip>55608D101</cusip>
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          <isin value="US55608D1019"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lazard Global Total Return and</name>
        <lei>MZRC4RJENF0LPRIWFB85</lei>
        <title>Lazard Global Total Return and Income Fund, Inc.</title>
        <cusip>52106W103</cusip>
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          <isin value="US52106W1036"/>
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        <balance>1094.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BlackRock Energy and Resources</name>
        <lei>GG70RT52UUBWY2PJSI68</lei>
        <title>BlackRock Energy and Resources Trust</title>
        <cusip>09250U101</cusip>
        <identifiers>
          <isin value="US09250U1016"/>
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        <balance>1745.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12616.35000000</valUSD>
        <pctVal>0.028875008381</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>London Metal Exchange</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="LNQ0"/>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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      <invstOrSec>
        <name>ICE Futures Europe Financials</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="G U0"/>
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        <balance>-13.00000000</balance>
        <units>NC</units>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares JP Morgan USD Emerging</name>
        <lei>54930070R8WH6MNUJG74</lei>
        <title>iShares JP Morgan USD Emerging Markets Bond ETF</title>
        <cusip>464288281</cusip>
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          <isin value="US4642882819"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cushing MLP &amp; Infrastructure T</name>
        <lei>5493006NXITDSHOHUT03</lei>
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        <cusip>231631300</cusip>
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          <isin value="US2316313004"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Voya Emerging Markets High Inc</name>
        <lei>549300MBU0OQHUKI2Y86</lei>
        <title>Voya Emerging Markets High Income Dividend Equity Fund</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WESCO INTERNATIONAL INC</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International, Inc.</title>
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          <isin value="US95082P3038"/>
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        <balance>0.83760000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>iShares MSCI Brazil ETF</name>
        <lei>F6BK0XM2JFWYXJ2MDK09</lei>
        <title>iShares MSCI Brazil ETF</title>
        <cusip>464286400</cusip>
        <identifiers>
          <isin value="US4642864007"/>
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        <balance>-585.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tri-Continental Corp</name>
        <lei>6QVMFZKY1QSOOIHD7Y77</lei>
        <title>Tri-Continental Corp.</title>
        <cusip>895436103</cusip>
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          <isin value="US8954361031"/>
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        <balance>805.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eaton Vance New York Municipal</name>
        <lei>549300WVQCB83XE35C46</lei>
        <title>Eaton Vance New York Municipal Income Trust</title>
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          <isin value="US27826W1045"/>
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        <balance>2565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco Municipal Opportunity</name>
        <lei>WERC5RXCUSU16MOTZ848</lei>
        <title>Invesco Municipal Opportunity Trust</title>
        <cusip>46132C107</cusip>
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          <isin value="US46132C1071"/>
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        <balance>1084.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>European Equity Fund Inc/The</name>
        <lei>5493008XBHSH29XH9329</lei>
        <title>European Equity Fund, Inc.</title>
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          <isin value="US2987681028"/>
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        <balance>1770.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Russell 2000 Index Mini Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="RTYU0"/>
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        <balance>-5.00000000</balance>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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      <invstOrSec>
        <name>iShares MSCI Mexico ETF</name>
        <lei>549300SQ92O6OZ19G545</lei>
        <title>iShares MSCI Mexico ETF</title>
        <cusip>464286822</cusip>
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          <isin value="US4642868222"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montreal Exchange</name>
        <lei>N/A</lei>
        <title>S&amp;P/TSX 60 IX Index Futures Contracts</title>
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        <identifiers>
          <ticker value="PTU0"/>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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        <name>Montreal Exchange</name>
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        <name>Invesco Advantage Municipal In</name>
        <lei>DA89O2CSN0WUDR74HM71</lei>
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        <name>iShares 7-10 Year Treasury Bon</name>
        <lei>549300XS1PPZG92M8L16</lei>
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        <name>Goldman Sachs International</name>
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      <invstOrSec>
        <name>Delphi Technologies PLC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Industrial Select Sector SPDR</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TREASURY BILL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Western Asset Inflation - Link</name>
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        <name>Equitrans Midstream Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commodity Exchange, Inc.</name>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>Energy Select Sector SPDR Fund</name>
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          <isin value="US81369Y5069"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alexion Pharmaceuticals, Inc.</name>
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          <ticker value="AACVR"/>
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        <name>BlackRock MuniHoldings Investm</name>
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        <title>BlackRock MuniHoldings Investment Quality Fund</title>
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        <name>BlackRock Muni Intermediate Du</name>
        <lei>W7IEW9KTXVCYG8ZQQV11</lei>
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        <name>BlackRock MuniYield Quality Fu</name>
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        <name>Voya Infrastructure Industrial</name>
        <lei>CDDOXZNDBE7I8PJXIJ33</lei>
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        <name>Nuveen New York AMT-Free Quali</name>
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        <name>Eaton Vance New York Municipal</name>
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        <name>Guggenheim Partners Investment Management LLC</name>
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        <name>Mexico Fund Inc/The</name>
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        <name>BlackRock MuniYield Pennsylvan</name>
        <lei>O1KCIUJBK2RN0MOX1Z59</lei>
        <title>BlackRock MuniYield Pennsylvania Quality Fund</title>
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        <name>MFS Investment Grade Municipal</name>
        <lei>TQV30XJRB3S7V50XRW52</lei>
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        <name>BrandywineGLOBAL Global Income</name>
        <lei>549300P4CDQCJBGI0833</lei>
        <title>BrandywineGLOBAL Global Income Opportunities Fund, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Goldman Sachs International</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
        <title>GS Equity Market Neutral Custom Basket</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MHSwapGSL1"/>
        </identifiers>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>150550.87000000</valUSD>
        <pctVal>0.344565395944</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Goldman Sachs International</counterpartyName>
              <counterpartyLei>W22LROWP2IHZNBB6K528</counterpartyLei>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>GS Equity Market Neutral Long Custom Basket</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <components>
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                    <identifiers>
                      <cusip value="313747206"/>
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                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>167693.28000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
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                    <identifiers>
                      <cusip value="948741103"/>
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                    <othIndNotAmt>8852.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>167568.36000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Equinix, Inc.</othIndName>
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                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>122902.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Safehold, Inc.</othIndName>
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                    <othIndValue>331199.89000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>MGM Growth Properties LLC</othIndName>
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                      <cusip value="55303A105"/>
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                    <othIndNotAmt>5618.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>152865.78000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                    <othIndValue>165341.02000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
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                      <cusip value="00123Q104"/>
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                    <othIndNotAmt>16338.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>210760.20000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Sabra Health Care REIT, Inc.</othIndName>
                    <identifiers>
                      <cusip value="78573L106"/>
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                    <othIndNotAmt>7067.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>101976.81000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Ventas, Inc.</othIndName>
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                      <cusip value="92276F100"/>
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                    <othIndNotAmt>2687.00000000</othIndNotAmt>
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                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Rexford Industrial Realty, Inc.</othIndName>
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                      <cusip value="76169C100"/>
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                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>111612.42000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>American Homes 4 Rent</othIndName>
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                      <cusip value="02665T306"/>
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                    <othIndNotAmt>7309.00000000</othIndNotAmt>
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                    <othIndValue>196612.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Regency Centers Corp.</othIndName>
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                      <cusip value="758849103"/>
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                    <othIndNotAmt>3915.00000000</othIndNotAmt>
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                    <othIndValue>179659.35000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
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                      <cusip value="88146M101"/>
                    </identifiers>
                    <othIndNotAmt>2199.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>115755.36000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
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                      <cusip value="222795502"/>
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                  <component>
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                      <cusip value="45781V101"/>
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                  <component>
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                    <othIndValue>190281.00000000</othIndValue>
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                  <component>
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                    <othIndName>Equity LifeStyle Properties, Inc.</othIndName>
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                  <component>
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                      <cusip value="867892101"/>
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                    <othIndName>JBG SMITH Properties</othIndName>
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                      <cusip value="46590V100"/>
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                  <component>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">GS Equity Market Neutral Custom Basket - Tenor At Maturity</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FEDL01 Index" floatingRtSpread="0.45000000" pmntAmt="0.00000000">
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                <rtResetTenor rateTenor="Year" rateTenorUnit="5" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2024-05-06</terminationDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Sugar #11 Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBH1"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Sugar</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Sugar"/>
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            <expDate>2021-02-26</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wright Medical Group NV</name>
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        <title>Wright Medical Group N.V.</title>
        <cusip>N/A</cusip>
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          <isin value="NL0011327523"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="USU0"/>
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        <balance>7.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
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                  <cusip value="N/A"/>
                  <other otherDesc="Interest Rate Future" value="US 20yr 6%"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-21</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Capital Services LLC</name>
        <lei>I7331LVCZKQKX5T7XV54</lei>
        <title>MS Long/Short Equity Custom Basket</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MHSwapS"/>
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        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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                      <cusip value="723787107"/>
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                    <othIndName>Phillips 66</othIndName>
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                      <cusip value="502431109"/>
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                    <othIndNotAmt>-109.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>National Oilwell Varco, Inc.</othIndName>
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                      <cusip value="637071101"/>
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                    <othIndNotAmt>-2145.00000000</othIndNotAmt>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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          <ticker value="JYU0"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Trust Energy Income and</name>
        <lei>549300HRXN2LWON4NG81</lei>
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          <isin value="US33738G1040"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kayne Anderson Midstream/Energ</name>
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      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF Trust</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nuveen AMT-Free Quality Munici</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nuveen Senior Income Fund</name>
        <lei>KBG7JWT0F7S6ZY1KMU47</lei>
        <title>Nuveen Senior Income Fund</title>
        <cusip>67067Y104</cusip>
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        <balance>3105.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Western Asset Managed Municipa</name>
        <lei>549300HVO8EY2T8K4F73</lei>
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          <isin value="US95766M1053"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GDL Fund/The</name>
        <lei>5493000XKGL8ZPN99479</lei>
        <title>GDL Fund</title>
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          <isin value="US3615701048"/>
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        <balance>2047.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Legg Mason Inc</name>
        <lei>OWUNCC6U1ZJXMZKFBJ36</lei>
        <title>Legg Mason, Inc.</title>
        <cusip>524901105</cusip>
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          <isin value="US5249011058"/>
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        <balance>15944.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Calamos Convertible Opportunit</name>
        <lei>549300ZBRGRX6VMFJ315</lei>
        <title>Calamos Convertible Opportunities and Income Fund</title>
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          <isin value="US1281171082"/>
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        <balance>1261.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniVest Fund Inc</name>
        <lei>68LQJ5NLUNQI2T9OLL41</lei>
        <title>BlackRock MuniVest Fund, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Gasoline RBOB Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XBQ0"/>
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        <balance>-17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10490.25000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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                <indexName>Bloomberg 84 Octane RBOB Gasoline Prompt Month Spot Pipeline Px/New York Harbor</indexName>
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      <invstOrSec>
        <name>Cboe Futures Exchange</name>
        <lei>N/A</lei>
        <title>CBOE Volatility Index Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="UXX0"/>
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        <balance>18.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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              <indexBasketInfo>
                <indexName>Chicago Board Options Exchange SPX Volatility Index</indexName>
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      <invstOrSec>
        <name>MFS Multimarket Income Trust</name>
        <lei>WJEDYZGROW7MJ1187O21</lei>
        <title>MFS Multimarket Income Trust</title>
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          <isin value="US5527371083"/>
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        <name>Royce Micro-Cap Trust Inc</name>
        <lei>254900D3WFIV4SD8EF19</lei>
        <title>Royce Micro-Capital Trust, Inc.</title>
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        <name>Guggenheim Partners Investment Management LLC</name>
        <lei>N/A</lei>
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        <cusip>40169J523</cusip>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Natural Gas Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="NGU20"/>
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        <name>Portola Pharmaceuticals Inc</name>
        <lei>549300BM3O4O0CNBGJ64</lei>
        <title>Portola Pharmaceuticals, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Health Care Select Sector SPDR</name>
        <lei>549300EJNY3KKJHPOY44</lei>
        <title>Health Care Select Sector SPDR Fund</title>
        <cusip>81369Y209</cusip>
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        <curCd>USD</curCd>
        <valUSD>-64144.87000000</valUSD>
        <pctVal>-0.14680820196</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Invesco Trust for Investment G</name>
        <lei>V0VF67S6NRLBDK357F71</lei>
        <title>Invesco Trust for Investment Grade Municipals</title>
        <cusip>46131M106</cusip>
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          <isin value="US46131M1062"/>
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        <balance>1055.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Euro FX Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="ECU0"/>
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        <balance>-1.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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      <invstOrSec>
        <name>Nuveen Short Duration Credit O</name>
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          <isin value="US67074X1072"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BlackRock MuniHoldings New Jer</name>
        <lei>FDX8Y56FK6PN1WE5XX39</lei>
        <title>BlackRock MuniHoldings New Jersey Quality Fund, Inc.</title>
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          <isin value="US09254X1019"/>
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      <invstOrSec>
        <name>General American Investors Co</name>
        <lei>254900MHIF9G7IS1T951</lei>
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          <isin value="US3688021043"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bancroft Fund Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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      <invstOrSec>
        <name>Hong Kong Futures Exchange</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="HIN0"/>
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        <balance>-1.00000000</balance>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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      <invstOrSec>
        <name>BlackRock MuniVest Fund II Inc</name>
        <lei>TC1SINW7C50S8NN8GU32</lei>
        <title>BlackRock MuniVest Fund II, Inc.</title>
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          <isin value="US09253T1016"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insight Select Income Fund</name>
        <lei>N/A</lei>
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        <cusip>45781W109</cusip>
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          <isin value="US45781W1099"/>
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        <balance>659.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Maryland Quality Munici</name>
        <lei>5493006P9O3UMO01A682</lei>
        <title>Nuveen Maryland Quality Municipal Income Fund</title>
        <cusip>67061Q107</cusip>
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          <isin value="US67061Q1076"/>
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        <balance>1197.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Voyageur Minnesota Muni II</name>
        <lei>RY6PR144OD7KOIBBCC20</lei>
        <title>Delaware Investments Minnesota Municipal Income Fund II, Inc.</title>
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          <isin value="US24610V1035"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lantheus Holdings, Inc.</name>
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        <balance>41807.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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        <name>FB Financial Corp</name>
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        <title>FB Financial Corp.</title>
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        <balance>-7334.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Salient Midstream &amp; MLP Fund</name>
        <lei>5493004WQSDUD0W6BV62</lei>
        <title>Salient Midstream &amp; MLP Fund</title>
        <cusip>79471V105</cusip>
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          <isin value="US79471V1052"/>
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        <balance>7300.00000000</balance>
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        <name>Tortoise Energy Infrastructure</name>
        <lei>5493008P735YB22YPB89</lei>
        <title>Tortoise Energy Infrastructure Corp.</title>
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        <name>Western Asset High Income Oppo</name>
        <lei>549300S7N70O2ERKYG47</lei>
        <title>Western Asset High Income Opportunity Fund, Inc.</title>
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        <name>Virtus Global Multi-Sector Inc</name>
        <lei>5493008J77OQDENT5651</lei>
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        <name>BlackRock Floating Rate Income</name>
        <lei>CORWREIZL67PMUN7T798</lei>
        <title>BlackRock Floating Rate Income Trust</title>
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        <name>Morgan Stanley Capital Services LLC</name>
        <lei>I7331LVCZKQKX5T7XV54</lei>
        <title>MS Equity Market Neutral Custom Basket</title>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Swiss Helvetia Fund Inc/The</name>
        <lei>549300HQZ0XPGTS5Q724</lei>
        <title>Swiss Helvetia Fund, Inc.</title>
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          <isin value="US8708751016"/>
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        <balance>1878.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14723.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Morgan Stanley Capital Services LLC</name>
        <lei>I7331LVCZKQKX5T7XV54</lei>
        <title>MS Equity Market Neutral Custom Basket</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MHSwapL1"/>
        </identifiers>
        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>281291.17000000</valUSD>
        <pctVal>0.643790390362</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
              <counterpartyLei>I7331LVCZKQKX5T7XV54</counterpartyLei>
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            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MS Equity Market Neutral Long Custom Basket</indexName>
                <indexIdentifier>N/A</indexIdentifier>
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                    <othIndName>Healthcare Trust of America, Inc.</othIndName>
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                      <cusip value="42225P501"/>
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                    <othIndName>VEREIT, Inc.</othIndName>
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                      <cusip value="92339V100"/>
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                  <component>
                    <othIndName>Federal Realty Investment Trust</othIndName>
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                      <cusip value="313747206"/>
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                    <othIndNotAmt>1968.00000000</othIndNotAmt>
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                    <othIndValue>167693.28000000</othIndValue>
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                  <component>
                    <othIndName>Equinix, Inc.</othIndName>
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                      <cusip value="29444U700"/>
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                    <othIndNotAmt>175.00000000</othIndNotAmt>
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                    <othIndValue>122902.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Sabra Health Care REIT, Inc.</othIndName>
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                      <cusip value="78573L106"/>
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                  <component>
                    <othIndName>Weingarten Realty Investors</othIndName>
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                      <cusip value="948741103"/>
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                    <othIndNotAmt>8852.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Terreno Realty Corp.</othIndName>
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                      <cusip value="88146M101"/>
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                    <othIndNotAmt>2199.00000000</othIndNotAmt>
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                    <othIndValue>115755.36000000</othIndValue>
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                  <component>
                    <othIndName>Healthpeak Properties, Inc.</othIndName>
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                      <cusip value="42250P103"/>
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                    <othIndNotAmt>4982.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Safehold, Inc.</othIndName>
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                      <cusip value="78645L100"/>
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                    <othIndNotAmt>5744.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>MGM Growth Properties LLC</othIndName>
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                      <cusip value="55303A105"/>
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                    <othIndNotAmt>5618.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>AGNC Investment Corp.</othIndName>
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                      <cusip value="00123Q104"/>
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                    <othIndNotAmt>16338.00000000</othIndNotAmt>
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                    <othIndValue>210760.20000000</othIndValue>
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                  <component>
                    <othIndName>Invitation Homes, Inc.</othIndName>
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                      <cusip value="46187W107"/>
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                    <othIndNotAmt>7345.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Highwoods Properties, Inc.</othIndName>
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                      <cusip value="431284108"/>
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                    <othIndNotAmt>3922.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Innovative Industrial Properties, Inc.</othIndName>
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                      <cusip value="45781V101"/>
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                    <othIndNotAmt>1744.00000000</othIndNotAmt>
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                    <othIndValue>153506.88000000</othIndValue>
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                  <component>
                    <othIndName>Equity LifeStyle Properties, Inc.</othIndName>
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                      <cusip value="29472R108"/>
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                  <component>
                    <othIndName>American Homes 4 Rent</othIndName>
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                      <cusip value="02665T306"/>
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                    <othIndNotAmt>7309.00000000</othIndNotAmt>
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                    <othIndValue>196612.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>JBG SMITH Properties</othIndName>
                    <identifiers>
                      <cusip value="46590V100"/>
                    </identifiers>
                    <othIndNotAmt>1793.00000000</othIndNotAmt>
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                    <othIndValue>53019.01000000</othIndValue>
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                  <component>
                    <othIndName>Sun Communities, Inc.</othIndName>
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                      <cusip value="866674104"/>
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                    <othIndNotAmt>1441.00000000</othIndNotAmt>
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                    <othIndValue>195514.88000000</othIndValue>
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                  <component>
                    <othIndName>Rexford Industrial Realty, Inc.</othIndName>
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                      <cusip value="76169C100"/>
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                    <othIndNotAmt>2694.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Regency Centers Corp.</othIndName>
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                      <cusip value="758849103"/>
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                    <othIndNotAmt>3502.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Sunstone Hotel Investors, Inc.</othIndName>
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                      <cusip value="867892101"/>
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                    <othIndNotAmt>9280.00000000</othIndNotAmt>
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                    <othIndValue>75632.00000000</othIndValue>
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                  <component>
                    <othIndName>Cousins Properties, Inc.</othIndName>
                    <identifiers>
                      <cusip value="222795502"/>
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                    <othIndNotAmt>5667.00000000</othIndNotAmt>
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                  <component>
                    <othIndName>Ventas, Inc.</othIndName>
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                      <cusip value="92276F100"/>
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              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MS Equity Market Neutral Custom Basket - Tenor At Maturity</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="FEDL01 Index" floatingRtSpread="0.40000000" pmntAmt="0.00000000">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures Europe Commodities</name>
        <lei>N/A</lei>
        <title>Brent Crude Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COU0"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-07-31</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>1076.70000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Center Coast Brookfield MLP &amp;</name>
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        <identifiers>
          <isin value="US1514611003"/>
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        <balance>10781.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Quality Municipal Incom</name>
        <lei>549300RDIO25ZNWCOA97</lei>
        <title>Nuveen Quality Municipal Income Fund</title>
        <cusip>67066V101</cusip>
        <identifiers>
          <isin value="US67066V1017"/>
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        <balance>2700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consumer Discretionary Select</name>
        <lei>549300CD2I087Y919K79</lei>
        <title>Consumer Discretionary Select Sector SPDR Fund</title>
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          <isin value="US81369Y4070"/>
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        <balance>-170.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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        <title>British Pound Futures Contracts</title>
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          <ticker value="BPU0"/>
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        <balance>26.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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                <issuerName>N/A</issuerName>
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            <expDate>2020-09-14</expDate>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Gasoline RBOB Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XBV0"/>
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        <balance>23.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-23914.65000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Bloomberg 84 Octane RBOB Gasoline Prompt Month Spot Pipeline Px/New York Harbor</indexName>
                <indexIdentifier>RBOB87PM</indexIdentifier>
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            <expDate>2020-09-30</expDate>
            <notionalAmt>1096754.25000000</notionalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>Soybean Oil Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOZ0"/>
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        <balance>12.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1851.33000000</valUSD>
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        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2020-12-14</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>-1851.33000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Asset Global High Inco</name>
        <lei>549300JWVV1XIQ66WD13</lei>
        <title>Western Asset Global High Income Fund, Inc.</title>
        <cusip>95766B109</cusip>
        <identifiers>
          <isin value="US95766B1098"/>
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        <balance>1622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15003.50000000</valUSD>
        <pctVal>0.034338472557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
        </identifiers>
        <balance>-11686.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-564433.80000000</valUSD>
        <pctVal>-1.29181821255</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>Eaton Vance Municipal Bond Fun</name>
        <lei>5493006Q4EBOXVQBQD12</lei>
        <title>Eaton Vance Municipal Bond Fund</title>
        <cusip>27827X101</cusip>
        <identifiers>
          <isin value="US27827X1019"/>
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        <balance>1212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15416.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Nuveen Ohio Quality Municipal</name>
        <lei>549300YQTF12CXCN9E54</lei>
        <title>Nuveen Ohio Quality Municipal Income Fund</title>
        <cusip>670980101</cusip>
        <identifiers>
          <isin value="US6709801012"/>
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        <balance>2312.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34703.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Cotton #2 Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CTZ0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-343.15000000</valUSD>
        <pctVal>-0.00078536653</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-12-08</expDate>
            <notionalAmt>-30156.85000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-343.15000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASX Trade24</name>
        <lei>N/A</lei>
        <title>SPI 200 Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XPU0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44880000"/>
        <valUSD>-824.57000000</valUSD>
        <pctVal>-0.00188719127</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/ASX 200</indexName>
                <indexIdentifier>AS51</indexIdentifier>
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            <expDate>2020-09-17</expDate>
            <notionalAmt>-100035.67000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-824.57000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Resources &amp; Commodit</name>
        <lei>8DZAUY8151XS5PISSX42</lei>
        <title>BlackRock Resources &amp; Commodities Strategy Trust</title>
        <cusip>09257A108</cusip>
        <identifiers>
          <isin value="US09257A1088"/>
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        <balance>2476.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15177.88000000</valUSD>
        <pctVal>0.034737575623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>BlackRock MuniYield California</name>
        <lei>IYIUSPF2WPGE9ZQM0H74</lei>
        <title>BlackRock MuniYield California Quality Fund, Inc.</title>
        <cusip>09254N103</cusip>
        <identifiers>
          <isin value="US09254N1037"/>
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        <balance>1466.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20333.42000000</valUSD>
        <pctVal>0.046537047000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>
        <name>Eurex</name>
        <lei>N/A</lei>
        <title>Euro - Bund Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RXU0"/>
        </identifiers>
        <balance>-43.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88970000"/>
        <valUSD>-32350.31000000</valUSD>
        <pctVal>-0.07404007279</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Euro-Bund 10yr 6%</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Interest Rate Future" value="Euro-Bund 10yr 6%"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-08</expDate>
            <notionalAmt>-8480449.08000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-32350.31000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ForeScout Technologies Inc</name>
        <lei>529900UJ1QN3N3MQ2826</lei>
        <title>ForeScout Technologies, Inc.</title>
        <cusip>34553D101</cusip>
        <identifiers>
          <isin value="US34553D1019"/>
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        <balance>23798.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>504517.60000000</valUSD>
        <pctVal>1.154688156932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>John Hancock Investors Trust</name>
        <lei>5493007QBXBOZDX6R464</lei>
        <title>John Hancock Investors Trust</title>
        <cusip>410142103</cusip>
        <identifiers>
          <isin value="US4101421034"/>
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        <balance>900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13959.00000000</valUSD>
        <pctVal>0.031947928045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Sugar #11 Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBK1"/>
        </identifiers>
        <balance>215.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-29712.40000000</valUSD>
        <pctVal>-0.06800269483</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
                <issueTitle>Sugar</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2021-04-30</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>NY Harbor ULSD Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HOQ0"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2.55000000</valUSD>
        <pctVal>-0.00000583617</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>NY Harbor ULSD</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="NY Harbor ULSD"/>
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            <expDate>2020-07-31</expDate>
            <notionalAmt>-49943.85000000</notionalAmt>
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            <unrealizedAppr>-2.55000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Arizona Quality Municip</name>
        <lei>549300DWXOLUWN2P0B05</lei>
        <title>Nuveen Arizona Quality Municipal Income Fund</title>
        <cusip>67061W104</cusip>
        <identifiers>
          <isin value="US67061W1045"/>
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        <balance>2803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38120.80000000</valUSD>
        <pctVal>0.087246978683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Natural Gas Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGQ20"/>
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        <balance>64.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-49415.70000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Henry Hub Natural Gas Spot Price</indexName>
                <indexIdentifier>NGUSHHUB</indexIdentifier>
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            <expDate>2020-07-29</expDate>
            <notionalAmt>1171975.70000000</notionalAmt>
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            <unrealizedAppr>-49415.70000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BlackRock Municipal Income Qua</name>
        <lei>ZQ1Z8W71OQGQTC6ZJ410</lei>
        <title>BlackRock Municipal Income Quality Trust</title>
        <cusip>092479104</cusip>
        <identifiers>
          <isin value="US0924791041"/>
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        <balance>2487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34071.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures Europe Commodities</name>
        <lei>N/A</lei>
        <title>Low Sulphur Gas Oil Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="QSQ0"/>
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        <balance>-2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-169.97000000</valUSD>
        <pctVal>-0.00038900990</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Low Sulphur Gas Oil</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Low Sulphur Gas Oil"/>
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            <expDate>2020-08-12</expDate>
            <notionalAmt>-70880.03000000</notionalAmt>
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            <unrealizedAppr>-169.97000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WESCO International Inc</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International, Inc.</title>
        <cusip>95082P105</cusip>
        <identifiers>
          <isin value="US95082P1057"/>
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        <balance>0.73000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BlackRock MuniYield Investment</name>
        <lei>ICZ91C3VF6PCJ4UJH692</lei>
        <title>BlackRock MuniYield Investment Quality Fund</title>
        <cusip>09254T100</cusip>
        <identifiers>
          <isin value="US09254T1007"/>
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        <balance>1030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13359.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>DWS Municipal Income Trust</name>
        <lei>TEL2CK71Z3LE1OCHIB43</lei>
        <title>DWS Municipal Income Trust</title>
        <cusip>233368109</cusip>
        <identifiers>
          <isin value="US2333681094"/>
        </identifiers>
        <balance>3476.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37540.80000000</valUSD>
        <pctVal>0.085919534148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Canadian Dollar Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CDU0"/>
        </identifiers>
        <balance>32.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-13634.49000000</valUSD>
        <pctVal>-0.03120522282</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Canadian Dollar</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Currency" value="Canadian Dollar"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-09-15</expDate>
            <notionalAmt>2371074.49000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-13634.49000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs MLP Energy and R</name>
        <lei>5493002N1D5YCVFNA222</lei>
        <title>Goldman Sachs MLP Energy and Renaissance Fund</title>
        <cusip>38148G206</cusip>
        <identifiers>
          <isin value="US38148G2066"/>
        </identifiers>
        <balance>1502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11377.65000000</valUSD>
        <pctVal>0.026039998820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuveen AMT-Free Municipal Cred</name>
        <lei>549300LBMO1C0IG71T03</lei>
        <title>Nuveen AMT-Free Municipal Credit Income Fund</title>
        <cusip>67071L106</cusip>
        <identifiers>
          <isin value="US67071L1061"/>
        </identifiers>
        <balance>850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12988.00000000</valUSD>
        <pctVal>0.029725602798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eaton Vance California Municip</name>
        <lei>5493000EWT76UUJKIW67</lei>
        <title>Eaton Vance California Municipal Income Trust</title>
        <cusip>27826F101</cusip>
        <identifiers>
          <isin value="US27826F1012"/>
        </identifiers>
        <balance>1571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20705.78000000</valUSD>
        <pctVal>0.047389266392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adams Natural Resources Fund I</name>
        <lei>549300LPTQAH0G3NGD42</lei>
        <title>Adams Natural Resources Fund, Inc.</title>
        <cusip>00548F105</cusip>
        <identifiers>
          <isin value="US00548F1057"/>
        </identifiers>
        <balance>2956.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33580.16000000</valUSD>
        <pctVal>0.076854827383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares iBoxx High Yield Corpo</name>
        <lei>N/A</lei>
        <title>iShares iBoxx High Yield Corporate Bond ETF</title>
        <cusip>464288513</cusip>
        <identifiers>
          <isin value="US4642885135"/>
        </identifiers>
        <balance>-7920.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-646430.40000000</valUSD>
        <pctVal>-1.47948362388</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Mortgage Real Estate E</name>
        <lei>549300WLIJWYXGL2J018</lei>
        <title>iShares Mortgage Real Estate ETF</title>
        <cusip>46435G342</cusip>
        <identifiers>
          <isin value="US46435G3424"/>
        </identifiers>
        <balance>-245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6090.70000000</valUSD>
        <pctVal>-0.01393976970</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares 3-7 Year Treasury Bond</name>
        <lei>549300BUGBHWMFPSNL42</lei>
        <title>iShares 3-7 Year Treasury Bond ETF</title>
        <cusip>464288661</cusip>
        <identifiers>
          <isin value="US4642886612"/>
        </identifiers>
        <balance>-86.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-11495.62000000</valUSD>
        <pctVal>-0.02630999646</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniEnhanced Fund In</name>
        <lei>RMI3KDDG32L37MBSL541</lei>
        <title>BlackRock MuniEnhanced Fund, Inc.</title>
        <cusip>09253Y100</cusip>
        <identifiers>
          <isin value="US09253Y1001"/>
        </identifiers>
        <balance>1190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13042.40000000</valUSD>
        <pctVal>0.029850107940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock New York Municipal I</name>
        <lei>8OLCZBLW53BSWGP8HR39</lei>
        <title>BlackRock New York Municipal Income Quality Trust</title>
        <cusip>09249U105</cusip>
        <identifiers>
          <isin value="US09249U1051"/>
        </identifiers>
        <balance>1501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19813.20000000</valUSD>
        <pctVal>0.045346420800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BorgWarner Inc</name>
        <lei>549300DSFX2IE88NSX47</lei>
        <title>BorgWarner, Inc.</title>
        <cusip>099724106</cusip>
        <identifiers>
          <isin value="US0997241064"/>
        </identifiers>
        <balance>-19949.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-704199.70000000</valUSD>
        <pctVal>-1.61170007489</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Horizon National Corp</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon National Corp.</title>
        <cusip>320517105</cusip>
        <identifiers>
          <isin value="US3205171057"/>
        </identifiers>
        <balance>-24864.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-247645.44000000</valUSD>
        <pctVal>-0.56678549308</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clough Global Dividend and Inc</name>
        <lei>5493001GFY6TW0CYCT15</lei>
        <title>Clough Global Dividend and Income Fund</title>
        <cusip>18913Y103</cusip>
        <identifiers>
          <isin value="US18913Y1038"/>
        </identifiers>
        <balance>1694.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14551.46000000</valUSD>
        <pctVal>0.033303889751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniHoldings Califor</name>
        <lei>NKJSRCJXMS5PZYPXY795</lei>
        <title>BlackRock MuniHoldings California Quality Fund, Inc.</title>
        <cusip>09254L107</cusip>
        <identifiers>
          <isin value="US09254L1070"/>
        </identifiers>
        <balance>2753.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38899.89000000</valUSD>
        <pctVal>0.089030079999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>John Sullivan</ncom:signature>
      <ncom:signerName>John Sullivan</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
