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      <regStreet1>702 King Farm Blvd., Suite 200</regStreet1>
      <regCity>Rockville</regCity>
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      <seriesName>Multi-Hedge Strategies Fund</seriesName>
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      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-12-31</repPdDate>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>N/A</issuerName>
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              </otherRefInst>
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          <isCashCollateral>N</isCashCollateral>
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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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        <balance>-2407.00000000</balance>
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        <curCd>USD</curCd>
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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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          <isLoanByFund>N</isLoanByFund>
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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>
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          <isin value="US36242H1041"/>
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        <balance>355.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7618.30000000</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>Eaton Vance California Municip</name>
        <lei>549300FJGD8HWP11TO17</lei>
        <title>Eaton Vance California Municipal Bond Fund</title>
        <cusip>27828A100</cusip>
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          <isin value="US27828A1007"/>
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        <balance>638.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7496.50000000</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>PGIM High Yield Bond Fund Inc</name>
        <lei>P63V0W84H2Z3IOKHSM44</lei>
        <title>PGIM High Yield Bond Fund, Inc.</title>
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        <identifiers>
          <isin value="US69346H1005"/>
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        <balance>501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7515.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <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>Morgan Stanley Emerging Market</name>
        <lei>541YGIXZ6JJP4EZDJI96</lei>
        <title>Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.</title>
        <cusip>617477104</cusip>
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          <isin value="US6174771047"/>
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        <balance>17552.00000000</balance>
        <units>NS</units>
        <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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Inphi Corp</name>
        <lei>549300DCMERAAZFGT726</lei>
        <title>Inphi Corp.</title>
        <cusip>45772F107</cusip>
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          <isin value="US45772F1075"/>
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        <balance>1789.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>287080.83000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Calamos Convertible Opportunit</name>
        <lei>549300ZBRGRX6VMFJ315</lei>
        <title>Calamos Convertible Opportunities and Income Fund</title>
        <cusip>128117108</cusip>
        <identifiers>
          <isin value="US1281171082"/>
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        <balance>574.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7771.96000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>581.00000000</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>
        <name>Nuveen Floating Rate Income Fu</name>
        <lei>HJXCPP3KYE3BVU373P27</lei>
        <title>Nuveen Floating Rate Income Fund</title>
        <cusip>67072T108</cusip>
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          <isin value="US67072T1088"/>
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        <balance>3275.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>13293.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <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 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>1565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7590.25000000</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>
        <name>Eaton Vance California Municip</name>
        <lei>5493000EWT76UUJKIW67</lei>
        <title>Eaton Vance California Municipal Income Trust</title>
        <cusip>27826F101</cusip>
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          <isin value="US27826F1012"/>
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        <balance>548.00000000</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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        <name>Ivy High Income Opportunities</name>
        <lei>549300C130E3EJZ8ZQ39</lei>
        <title>Ivy High Income Opportunities Fund</title>
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          <isin value="US4658931054"/>
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        <balance>581.00000000</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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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>9127964X4</cusip>
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          <isin value="US9127964X47"/>
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        <balance>3135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3134386.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AllianceBernstein National Mun</name>
        <lei>MNYPOOOZYY8V01GEIT28</lei>
        <title>AllianceBernstein National Municipal Income Fund, Inc.</title>
        <cusip>01864U106</cusip>
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          <isin value="US01864U1060"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Calamos Convertible and High I</name>
        <lei>549300S5PS2P178Z6N82</lei>
        <title>Calamos Convertible and High Income Fund</title>
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          <isin value="US12811P1084"/>
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        <assetCat>EC</assetCat>
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        <name>Eurex</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Montreal Exchange</name>
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          <ticker value="CNH1"/>
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        <name>Western Asset High Income Oppo</name>
        <lei>549300S7N70O2ERKYG47</lei>
        <title>Western Asset High Income Opportunity Fund, Inc.</title>
        <cusip>95766K109</cusip>
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          <isin value="US95766K1097"/>
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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>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>521.00000000</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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      <invstOrSec>
        <name>Euronext Derivatives Paris</name>
        <lei>N/A</lei>
        <title>CAC 40 10 Euro Index Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="CFF1"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.81840000"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco California Value Munic</name>
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          <isin value="US46132H1068"/>
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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>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Sugar #11 Futures Contracts</title>
        <cusip>N/A</cusip>
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          <ticker value="SBN1"/>
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        <balance>38.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4987.50000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gabelli Convertible and Income</name>
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          <isin value="US36240B1098"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pioneer Municipal High Income</name>
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          <isin value="US7237631087"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clough Global Equity Fund</name>
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          <isin value="US18914C1009"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniYield Pennsylvan</name>
        <lei>O1KCIUJBK2RN0MOX1Z59</lei>
        <title>BlackRock MuniYield Pennsylvania Quality Fund</title>
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          <isin value="US09255G1076"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PNM Resources Inc</name>
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        <name>Nuveen Pennsylvania Municipal</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Endurance International Group</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Federated Hermes Premier Munic</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TREASURY BILL</name>
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          <isin value="US912796UC14"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Waddell &amp; Reed Financial Inc</name>
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        <name>Western Asset Inflation - Link</name>
        <lei>549300BKG7Y2MQAORR48</lei>
        <title>Western Asset Inflation - Linked Securities &amp; Income Fund</title>
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        <name>DWS Municipal Income Trust</name>
        <lei>TEL2CK71Z3LE1OCHIB43</lei>
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        <name>BlackRock MuniHoldings Quality</name>
        <lei>NFS78Q54XVQ5XSE3R379</lei>
        <title>BlackRock MuniHoldings Quality Fund, Inc.</title>
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        <name>Tekla Healthcare Investors</name>
        <lei>549300SNASESIFOS6V75</lei>
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        <name>iShares iBoxx $ Investment Gra</name>
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        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
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        <name>Varian Medical Systems Inc</name>
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        <name>BlackRock MuniHoldings New Yor</name>
        <lei>YP1D2S6Y4JY0A7W3DV93</lei>
        <title>BlackRock MuniHoldings New York Quality Fund, Inc.</title>
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        <name>Maxim Integrated Products, Inc.</name>
        <lei>SO0H5YEO14Y4PVKQH532</lei>
        <title>Maxim Integrated Products, Inc.</title>
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        <name>S&amp;P Global Inc</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICE Futures Europe Commodities</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="QSG1"/>
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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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                <issuerName>N/A</issuerName>
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      <invstOrSec>
        <name>MFS Investment Grade Municipal</name>
        <lei>TQV30XJRB3S7V50XRW52</lei>
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        <cusip>59318B108</cusip>
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          <isin value="US59318B1089"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Voya International High Divide</name>
        <lei>549300ZOZBG88CR6XC45</lei>
        <title>Voya International High Dividend Equity Income Fund</title>
        <cusip>92912Y109</cusip>
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          <isin value="US92912Y1091"/>
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        <balance>1636.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virtus Global Multi-Sector Inc</name>
        <lei>5493008J77OQDENT5651</lei>
        <title>Virtus Global Multi-Sector Income Fund</title>
        <cusip>92829B101</cusip>
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          <isin value="US92829B1017"/>
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        <balance>632.00000000</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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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
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          <ticker value="HOG1"/>
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        <balance>-4.00000000</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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      <invstOrSec>
        <name>Foundation Building Materials</name>
        <lei>549300ZVE6MONHB01I28</lei>
        <title>Foundation Building Materials, Inc.</title>
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          <isin value="US3503921062"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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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>1801.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen California Quality Muni</name>
        <lei>549300ZT6V9X5U9BHR46</lei>
        <title>Nuveen California Quality Municipal Income Fund</title>
        <cusip>67066Y105</cusip>
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          <isin value="US67066Y1055"/>
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        <balance>492.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7458.72000000</valUSD>
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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>Delaware Investments National</name>
        <lei>NIC7ULNUGCUI836YP119</lei>
        <title>Delaware Investments National Municipal Income Fund</title>
        <cusip>24610T108</cusip>
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          <isin value="US24610T1088"/>
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        <balance>1154.00000000</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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      <invstOrSec>
        <name>Nuveen Quality Municipal Incom</name>
        <lei>549300RDIO25ZNWCOA97</lei>
        <title>Nuveen Quality Municipal Income Fund</title>
        <cusip>67066V101</cusip>
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          <isin value="US67066V1017"/>
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        <balance>492.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7562.04000000</valUSD>
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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>Invesco Municipal Trust</name>
        <lei>GKS5Y4B1VKHV66WSPK53</lei>
        <title>Invesco Municipal Trust</title>
        <cusip>46131J103</cusip>
        <identifiers>
          <isin value="US46131J1034"/>
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        <balance>582.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7461.24000000</valUSD>
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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>Sportsman's Warehouse Holdings</name>
        <lei>549300JVV8YLQSRSF462</lei>
        <title>Sportsman's Warehouse Holdings, Inc.</title>
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          <isin value="US84920Y1064"/>
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        <balance>13609.00000000</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>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nuveen Short Duration Credit O</name>
        <lei>N0WOEFO1WOMLJYH1PV29</lei>
        <title>Nuveen Short Duration Credit Opportunities Fund</title>
        <cusip>67074X107</cusip>
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          <isin value="US67074X1072"/>
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        <balance>8802.00000000</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>Navistar International Corp</name>
        <lei>WNDD3CRVXJGC8I7GX671</lei>
        <title>Navistar International Corp.</title>
        <cusip>63934E108</cusip>
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          <isin value="US63934E1082"/>
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        <balance>13935.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <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>N/A</lei>
        <title>Lantheus Holdings, Inc.</title>
        <cusip>N/A</cusip>
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          <ticker value="LNTH CVR"/>
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        <balance>41807.00000000</balance>
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        <curCd>USD</curCd>
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        <assetConditional assetCat="OTHER" desc="Rights"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley Capital Services LLC</name>
        <lei>I7331LVCZKQKX5T7XV54</lei>
        <title>MS Equity Market Neutral Custom Basket</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="MHSwapL1"/>
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        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>360245.34000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Morgan Stanley Capital Services LLC</counterpartyName>
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                <indexName>MS Equity Market Neutral Long Custom Basket</indexName>
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                    <othIndName>Healthpeak Properties, Inc.</othIndName>
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                    <othIndName>Terreno Realty Corp.</othIndName>
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                    <othIndName>Welltower, Inc.</othIndName>
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                    <othIndValue>126009.00000000</othIndValue>
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                    <othIndName>Las Vegas Sands Corp.</othIndName>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Ellsworth Growth and Income Fu</name>
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      <invstOrSec>
        <name>Nuveen New Jersey Municipal Va</name>
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      <invstOrSec>
        <name>BlackRock MuniYield California</name>
        <lei>66NM4YVPRCKC38WC6N20</lei>
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        <name>Pioneer Municipal High Income</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Mercantile Exchange</name>
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          <ticker value="SFH1"/>
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        <curCd>USD</curCd>
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        <name>VanEck Vectors Gold Miners ETF</name>
        <lei>54930031TORTKAM9TJ98</lei>
        <title>VanEck Vectors Gold Miners ETF</title>
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        <name>SPDR Bloomberg Barclays Conver</name>
        <lei>549300IXKU3G7R6DMX93</lei>
        <title>SPDR Bloomberg Barclays Convertible Securities ETF</title>
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        <balance>-737.00000000</balance>
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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>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
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        <title>WTI Crude Futures Contracts</title>
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          <ticker value="CLG1"/>
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        <balance>5.00000000</balance>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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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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        <fairValLevel>1</fairValLevel>
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        <name>Xilinx Inc</name>
        <lei>6EY4K7ZMF9UX1CU6KC79</lei>
        <title>Xilinx, Inc.</title>
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        <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="ECH1"/>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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        <name>BlackRock Credit Allocation In</name>
        <lei>WU48CSUCFTU86AQUYZ93</lei>
        <title>BlackRock Credit Allocation Income Trust</title>
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        <name>Nuveen Credit Strategies Incom</name>
        <lei>W4CSTD4RDGQSJ4FOVO30</lei>
        <title>Nuveen Credit Strategies Income Fund</title>
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        <name>Slack Technologies Inc</name>
        <lei>549300VIZRB02KN4IJ45</lei>
        <title>Slack Technologies, Inc.</title>
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        <name>Credit Suisse Asset Management</name>
        <lei>549300O5MFEP1XJ40B46</lei>
        <title>Credit Suisse Asset Management Income Fund, Inc.</title>
        <cusip>224916106</cusip>
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        <balance>2347.00000000</balance>
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        <name>iShares MSCI All Country Asia</name>
        <lei>549300EQSX1KKO1KLL54</lei>
        <title>iShares MSCI All Country Asia ex Japan ETF</title>
        <cusip>464288182</cusip>
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        <name>London Metal Exchange</name>
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        <name>Virtus Total Return Fund Inc</name>
        <lei>549300KKRHI4GF7RNQ81</lei>
        <title>Virtus Total Return Fund, Inc.</title>
        <cusip>92835W107</cusip>
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        <name>Tekla Life Sciences Investors</name>
        <lei>5493007BYZPSOVVS0M04</lei>
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        <name>BNY Mellon Municipal Income In</name>
        <lei>549300BKYDDROJTY1E24</lei>
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        <name>Invesco Bond Fund</name>
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        <name>Eaton Vance Floating-Rate Inco</name>
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        <name>Commodity Exchange, Inc.</name>
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        <name>Chicago Board of Trade</name>
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        <name>Bridge Bancorp Inc</name>
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        <name>Invesco Quality Municipal Inco</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
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        <name>SPDR S&amp;P Biotech ETF</name>
        <lei>549300Y3ODFMPD5XXL58</lei>
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        <name>Virtusa Corp</name>
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        <title>Virtusa Corp.</title>
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          <isin value="US92827P1021"/>
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        <name>BlackRock Floating Rate Income</name>
        <lei>CORWREIZL67PMUN7T798</lei>
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        <name>AllianceBernstein Global High</name>
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        <name>Invesco High Income Trust II</name>
        <lei>NWTWTK5C3HWITJJQZG91</lei>
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        <name>Goldman Sachs International</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
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              <counterpartyName>Goldman Sachs International</counterpartyName>
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        <name>SPDR S&amp;P 500 ETF Trust</name>
        <lei>549300NZAMSJ8FXPQQ63</lei>
        <title>SPDR S&amp;P 500 ETF Trust</title>
        <cusip>78462F103</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
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        <balance>-669.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-250125.72000000</valUSD>
        <pctVal>-0.61912826860</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Senior Income Fund</name>
        <lei>KBG7JWT0F7S6ZY1KMU47</lei>
        <title>Nuveen Senior Income Fund</title>
        <cusip>67067Y104</cusip>
        <identifiers>
          <isin value="US67067Y1047"/>
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        <balance>1830.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9497.70000000</valUSD>
        <pctVal>0.023509355842</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>Osaka Exchange</name>
        <lei>N/A</lei>
        <title>Tokyo Stock Price Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TPH1"/>
        </identifiers>
        <balance>2.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="103.25600000"/>
        <valUSD>8114.31000000</valUSD>
        <pctVal>0.020085094412</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>JP</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>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Tokyo Stock Exchange Tokyo Price Index TOPIX</indexName>
                <indexIdentifier>JP9010100007</indexIdentifier>
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            <expDate>2021-03-11</expDate>
            <notionalAmt>340514.57000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>8114.31000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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 H1"/>
        </identifiers>
        <balance>-9.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73123000"/>
        <valUSD>-14915.64000000</valUSD>
        <pctVal>-0.03692021103</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>GB</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>FTSE 100 Index</indexName>
                <indexIdentifier>GB0001383545</indexIdentifier>
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            <expDate>2021-03-19</expDate>
            <notionalAmt>-771294.24000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>-14915.64000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fitbit Inc</name>
        <lei>549300GYQQ375BZPXK02</lei>
        <title>Fitbit, Inc.</title>
        <cusip>33812L102</cusip>
        <identifiers>
          <isin value="US33812L1026"/>
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        <balance>73771.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>501642.80000000</valUSD>
        <pctVal>1.241700526528</pctVal>
        <payoffProfile>Long</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>Eaton Vance Senior Floating-Ra</name>
        <lei>VJXUJZ1EC079NQ236240</lei>
        <title>Eaton Vance Senior Floating-Rate Trust</title>
        <cusip>27828Q105</cusip>
        <identifiers>
          <isin value="US27828Q1058"/>
        </identifiers>
        <balance>580.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7383.40000000</valUSD>
        <pctVal>0.018275896051</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>
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      <invstOrSec>
        <name>AllianzGI Convertible &amp; Income</name>
        <lei>549300WT3ICVH2Z06O49</lei>
        <title>AllianzGI Convertible &amp; Income Fund</title>
        <cusip>018828103</cusip>
        <identifiers>
          <isin value="US0188281036"/>
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        <balance>1372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7875.28000000</valUSD>
        <pctVal>0.019493431028</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>Voya Asia Pacific High Dividen</name>
        <lei>549300GNK7F1VWTNPE94</lei>
        <title>Voya Asia Pacific High Dividend Equity Income Fund</title>
        <cusip>92912J102</cusip>
        <identifiers>
          <isin value="US92912J1025"/>
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        <balance>862.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7439.06000000</valUSD>
        <pctVal>0.018413669485</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 Board of Trade</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Long Bond Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WNH1"/>
        </identifiers>
        <balance>11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5566.52000000</valUSD>
        <pctVal>0.013778630561</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</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>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>US 30yr 6.00%</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Interest Rate Future" value="US 30yr 6.00%"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2021-03-22</expDate>
            <notionalAmt>2338120.98000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>5566.52000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Live Cattle Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LCG1"/>
        </identifiers>
        <balance>-1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-793.08000000</valUSD>
        <pctVal>-0.00196308579</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>Live Cattle</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Live Cattle"/>
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              </otherRefInst>
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            <expDate>2021-02-26</expDate>
            <notionalAmt>-45256.92000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-793.08000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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="LLG1"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17740.50000000</valUSD>
        <pctVal>-0.04391249748</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>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Lead</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="LME Lead"/>
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            <expDate>2021-02-15</expDate>
            <notionalAmt>316105.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-17740.50000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15716.61000000</valUSD>
        <pctVal>0.038902826697</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>London Metal Exchange</name>
        <lei>N/A</lei>
        <title>LME Primary Aluminum Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LAG21"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7446.00000000</valUSD>
        <pctVal>-0.01843084784</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>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>LME Primary Aluminum</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2021-02-15</expDate>
            <notionalAmt>304855.50000000</notionalAmt>
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            <unrealizedAppr>-7446.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AllianzGI Diversified Income &amp;</name>
        <lei>5493008LTG04SBNLT367</lei>
        <title>AllianzGI Diversified Income &amp; Convertible Fund</title>
        <cusip>01883J108</cusip>
        <identifiers>
          <isin value="US01883J1088"/>
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        <balance>247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8071.96000000</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>CBRE Clarion Global Real Estat</name>
        <lei>549300HYEBBK5ZZO6F11</lei>
        <title>CBRE Clarion Global Real Estate Income Fund</title>
        <cusip>12504G100</cusip>
        <identifiers>
          <isin value="US12504G1004"/>
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        <balance>14009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96381.92000000</valUSD>
        <pctVal>0.238571112376</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>London Metal Exchange</name>
        <lei>N/A</lei>
        <title>LME Zinc Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LXG1"/>
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        <balance>3.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8183.25000000</valUSD>
        <pctVal>-0.02025573941</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <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>Long</payOffProf>
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                <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>2021-02-15</expDate>
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            <unrealizedAppr>-8183.25000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gabelli Global Small and Mid C</name>
        <lei>54930027RS7HE8UD3187</lei>
        <title>Gabelli Global Small and Mid Capital Value Trust</title>
        <cusip>36249W104</cusip>
        <identifiers>
          <isin value="US36249W1045"/>
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        <balance>4180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54549.00000000</valUSD>
        <pctVal>0.135023411123</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>Invesco Advantage Municipal In</name>
        <lei>DA89O2CSN0WUDR74HM71</lei>
        <title>Invesco Advantage Municipal Income Trust II</title>
        <cusip>46132E103</cusip>
        <identifiers>
          <isin value="US46132E1038"/>
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        <balance>660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7491.00000000</valUSD>
        <pctVal>0.018542234921</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>Eurex</name>
        <lei>N/A</lei>
        <title>Euro STOXX 50 Index Futures Contracts</title>
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          <ticker value="VGH1"/>
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        <fairValLevel>2</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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                <indexName>EURO STOXX 50 Price EUR</indexName>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock New York Municipal I</name>
        <lei>KB852ZS13YUFTCMG3219</lei>
        <title>BlackRock New York Municipal Income Trust II</title>
        <cusip>09249R102</cusip>
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          <isin value="US09249R1023"/>
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        <balance>522.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7569.00000000</valUSD>
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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>Gabelli Healthcare &amp; WellnessR</name>
        <lei>549300XULWZNLHFTG832</lei>
        <title>Gabelli Healthcare &amp; WellnessRx Trust</title>
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          <isin value="US36246K1034"/>
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        <balance>3236.00000000</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>
        <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>1430.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7521.80000000</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>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Natural Gas Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGJ21"/>
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        <balance>-83.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-83211.65000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <invCountry>US</invCountry>
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        <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>Henry Hub Natural Gas Spot Price</indexName>
                <indexIdentifier>NGUSHHUB</indexIdentifier>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cboe Futures Exchange</name>
        <lei>N/A</lei>
        <title>CBOE Volatility Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UXM1"/>
        </identifiers>
        <balance>42.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-17173.77000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</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>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Chicago Board Options Exchange SPX Volatility Index</indexName>
                <indexIdentifier>US12497K1007</indexIdentifier>
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            <expDate>2021-06-16</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen New York Quality Munici</name>
        <lei>549300B795LQBEIHRS62</lei>
        <title>Nuveen New York Quality Municipal Income Fund</title>
        <cusip>67066X107</cusip>
        <identifiers>
          <isin value="US67066X1072"/>
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        <balance>531.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7513.65000000</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>Western Asset Managed Municipa</name>
        <lei>549300HVO8EY2T8K4F73</lei>
        <title>Western Asset Managed Municipals Fund, Inc.</title>
        <cusip>95766M105</cusip>
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          <isin value="US95766M1053"/>
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        <balance>586.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7524.24000000</valUSD>
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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>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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        <balance>-147.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-142813.93000000</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>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Sugar</issueTitle>
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                  <cusip value="N/A"/>
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            <expDate>2021-02-26</expDate>
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            <unrealizedAppr>-142813.93000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Western Asset Intermediate Mun</name>
        <lei>5493000MG5MROBD48K57</lei>
        <title>Western Asset Intermediate Muni Fund, Inc.</title>
        <cusip>958435109</cusip>
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          <isin value="US9584351095"/>
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        <balance>815.00000000</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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      <invstOrSec>
        <name>Korea Fund Inc/The</name>
        <lei>549300M4Y1IG0WPTKC03</lei>
        <title>Korea Fund, Inc.</title>
        <cusip>500634209</cusip>
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          <isin value="US5006342092"/>
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        <balance>206.00000000</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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        <name>Nuveen New York AMT-Free Quali</name>
        <lei>549300V4X2BF3UXSCQ58</lei>
        <title>Nuveen New York AMT-Free Quality Municipal Income Fund</title>
        <cusip>670656107</cusip>
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          <isin value="US6706561072"/>
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        <balance>560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>iShares 7-10 Year Treasury Bon</name>
        <lei>549300XS1PPZG92M8L16</lei>
        <title>iShares 7-10 Year Treasury Bond ETF</title>
        <cusip>464287440</cusip>
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        <balance>-197.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>iShares MSCI Emerging Markets</name>
        <lei>549300BPYHDEDI59G670</lei>
        <title>iShares MSCI Emerging Markets ETF</title>
        <cusip>464287234</cusip>
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          <isin value="US4642872349"/>
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        <balance>-228.00000000</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>BOFA SECURITIES, INC.</name>
        <lei>549300HN4UKV1E2R3U73</lei>
        <title>BofA Securities, Inc.</title>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <name>Voya Emerging Markets High Inc</name>
        <lei>549300MBU0OQHUKI2Y86</lei>
        <title>Voya Emerging Markets High Income Dividend Equity Fund</title>
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        <name>Western Asset Premier Bond Fun</name>
        <lei>5493007UP8PFRNTX0546</lei>
        <title>Western Asset Premier Bond Fund</title>
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          <isin value="US9576641057"/>
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        <balance>535.00000000</balance>
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        <name>VanEck Vectors High Yield Muni</name>
        <lei>549300UT41BWOPGYSE94</lei>
        <title>VanEck Vectors High Yield Muni ETF</title>
        <cusip>92189H409</cusip>
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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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        <name>Eaton Vance Senior Income Trus</name>
        <lei>F34RFVU0FGX8OM0KE928</lei>
        <title>Eaton Vance Senior Income Trust</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Osaka Exchange</name>
        <lei>N/A</lei>
        <title>Nikkei 225 (OSE) Index Futures Contracts</title>
        <cusip>N/A</cusip>
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        <balance>1.00000000</balance>
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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>
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                <indexName>Nikkei 225</indexName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>
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          <isin value="US4642872265"/>
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        <balance>-974.00000000</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>Invesco Pennsylvania Value Mun</name>
        <lei>549300S5KHBL3XISY922</lei>
        <title>Invesco Pennsylvania Value Municipal Income Trust</title>
        <cusip>46132K109</cusip>
        <identifiers>
          <isin value="US46132K1097"/>
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        <balance>593.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7566.68000000</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>
      <invstOrSec>
        <name>Commodity Exchange, Inc.</name>
        <lei>N/A</lei>
        <title>Copper Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HGH1"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19143.90000000</valUSD>
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        <assetCat>DCO</assetCat>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Montreal Exchange</name>
        <lei>N/A</lei>
        <title>S&amp;P/TSX 60 IX Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PTH1"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27202000"/>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>S&amp;P/TSX 60 Index</indexName>
                <indexIdentifier>SPTSX60</indexIdentifier>
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            <unrealizedAppr>-1962.71000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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"/>
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        <balance>-6911.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-473610.83000000</valUSD>
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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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      <invstOrSec>
        <name>Neuberger Berman California Mu</name>
        <lei>5493003VDAWQHC3PB533</lei>
        <title>Neuberger Berman California Municipal Fund, Inc.</title>
        <cusip>64123C101</cusip>
        <identifiers>
          <isin value="US64123C1018"/>
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        <balance>2961.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40269.60000000</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>Central and Eastern Europe Fun</name>
        <lei>549300TSXFIOF89ZI608</lei>
        <title>Central and Eastern Europe Fund, Inc.</title>
        <cusip>153436100</cusip>
        <identifiers>
          <isin value="US1534361001"/>
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        <balance>324.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7798.68000000</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>
        <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>1564.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24484.42000000</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>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Cattle Feeder Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FCH1"/>
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        <balance>-10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6655.80000000</valUSD>
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        <assetCat>DCO</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>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <cusip value="N/A"/>
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            <expDate>2021-03-25</expDate>
            <notionalAmt>-693969.20000000</notionalAmt>
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            <unrealizedAppr>-6655.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HMS Holdings Corp</name>
        <lei>5299008569C65X81JE73</lei>
        <title>HMS Holdings Corp.</title>
        <cusip>40425J101</cusip>
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          <isin value="US40425J1016"/>
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        <balance>6627.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>243542.25000000</valUSD>
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        <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>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>9367.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116244.47000000</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>Aberdeen Total Dynamic Dividen</name>
        <lei>254900D48NKNOGZ95B43</lei>
        <title>Aberdeen Total Dynamic Dividend Fund</title>
        <cusip>00326L100</cusip>
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          <isin value="US00326L1008"/>
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        <balance>864.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7646.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICE Futures US Softs</name>
        <lei>N/A</lei>
        <title>Cotton #2 Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CTH1"/>
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        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>20471.10000000</valUSD>
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        <assetCat>DCO</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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            <expDate>2021-03-09</expDate>
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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>
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          <ticker value="ADH1"/>
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        <balance>-33.00000000</balance>
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              <counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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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>
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          <isin value="US41013P7490"/>
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        <balance>1344.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>iShares Russell 2000 ETF</name>
        <lei>549300O80OAR5VTWR172</lei>
        <title>iShares Russell 2000 Index ETF</title>
        <cusip>464287655</cusip>
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          <isin value="US4642876555"/>
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        <balance>-1231.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <name>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares, Inc.</title>
        <cusip>446150104</cusip>
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          <isin value="US4461501045"/>
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        <balance>-19951.00000000</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>Nuveen Floating Rate Income Op</name>
        <lei>6TG15UBKG3HMZ9US3I68</lei>
        <title>Nuveen Floating Rate Income Opportunity Fund</title>
        <cusip>6706EN100</cusip>
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          <isin value="US6706EN1001"/>
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        <balance>13140.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113792.40000000</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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          <isLoanByFund>N</isLoanByFund>
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        <name>Cincinnati Bell Inc</name>
        <lei>549300JYVZOCUJOHL272</lei>
        <title>Cincinnati Bell, Inc.</title>
        <cusip>171871502</cusip>
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          <isin value="US1718715022"/>
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        <balance>33133.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506272.24000000</valUSD>
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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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        <name>Chicago Mercantile Exchange</name>
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      <invstOrSec>
        <name>Nuveen AMT-Free Quality Munici</name>
        <lei>549300OTYQOOXS64NI63</lei>
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        <cusip>670657105</cusip>
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          <isin value="US6706571055"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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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>902.00000000</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>First Trust Dynamic Europe Equ</name>
        <lei>549300YG1NBZKURU8L08</lei>
        <title>First Trust Dynamic Europe Equity Income Fund</title>
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          <isin value="US33740D1072"/>
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        <balance>656.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Royce Micro-Cap Trust Inc</name>
        <lei>254900D3WFIV4SD8EF19</lei>
        <title>Royce Micro-Capital Trust, Inc.</title>
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          <isin value="US7809151043"/>
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        <balance>11444.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>Corn Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="C H1"/>
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        <balance>27.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DCO</assetCat>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Floating Rate Income</name>
        <lei>UZXE8UOGW61VMG5WLP57</lei>
        <title>BlackRock Floating Rate Income Strategies Fund, Inc.</title>
        <cusip>09255X100</cusip>
        <identifiers>
          <isin value="US09255X1000"/>
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        <balance>614.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Front Yard Residential Corp</name>
        <lei>N/A</lei>
        <title>Front Yard Residential Corp.</title>
        <cusip>35904G107</cusip>
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          <isin value="US35904G1076"/>
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        <balance>33409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>541225.80000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <ticker value="UXF1"/>
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        <balance>57.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-6306.95000000</valUSD>
        <pctVal>-0.01561139347</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <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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              <indexBasketInfo>
                <indexName>Chicago Board Options Exchange SPX Volatility Index</indexName>
                <indexIdentifier>US12497K1007</indexIdentifier>
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            <unrealizedAppr>-6306.95000000</unrealizedAppr>
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        <securityLending>
          <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>7512.00000000</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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      <invstOrSec>
        <name>Eurex</name>
        <lei>N/A</lei>
        <title>Euro - 30 year Bond Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UBH1"/>
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        <balance>5.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.81840000"/>
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        <pctVal>0.023440345361</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Derivative" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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>
                <issueTitle>Euro 30yr 4% Bond</issueTitle>
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                  <cusip value="N/A"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guggenheim Partners Investment Management LLC</name>
        <lei>N/A</lei>
        <title>Guggenheim Variable Insurance Strategy Fund III</title>
        <cusip>N/A</cusip>
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          <ticker value="GFSVX"/>
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        <balance>85147.81200000</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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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>N/A</lei>
        <title>Soybean Meal Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMH1"/>
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        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>17119.00000000</valUSD>
        <pctVal>0.042374118224</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
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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>
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                <issuerName>N/A</issuerName>
                <issueTitle>Soybean Meal</issueTitle>
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                  <cusip value="N/A"/>
                  <other otherDesc="Physical Asset" value="Soybean Meal"/>
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            <expDate>2021-03-12</expDate>
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            <unrealizedAppr>17119.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nuveen Pennsylvania Quality Mu</name>
        <lei>5493000C1CS4Q000GF67</lei>
        <title>Nuveen Pennsylvania Quality Municipal Income Fund</title>
        <cusip>670972108</cusip>
        <identifiers>
          <isin value="US6709721087"/>
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        <balance>528.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7640.16000000</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>Invesco Trust for Investment G</name>
        <lei>FNS6N81D3V131ZZWNT79</lei>
        <title>Invesco Trust for Investment Grade New York Municipals</title>
        <cusip>46131T101</cusip>
        <identifiers>
          <isin value="US46131T1016"/>
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        <balance>585.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7634.25000000</valUSD>
        <pctVal>0.018896817107</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>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="MHSwapL"/>
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        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>786091.16000000</valUSD>
        <pctVal>1.945786538292</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>
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                <indexName>MS Long/Short Equity Long Custom Basket</indexName>
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                    <othIndName>Amgen, Inc.</othIndName>
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                      <cusip value="031162100"/>
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                    <othIndName>IDACORP, Inc.</othIndName>
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                      <cusip value="844895102"/>
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                    <othIndName>Synchrony Financial</othIndName>
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                      <cusip value="87165B103"/>
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                    <othIndName>Conagra Brands, Inc.</othIndName>
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      </invstOrSec>
      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="REPO-JP M"/>
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        <curCd>USD</curCd>
        <valUSD>2140192.42000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Municipal Income Qua</name>
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        <curCd>USD</curCd>
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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>
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        <cusip>N/A</cusip>
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          <ticker value="NVH1"/>
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        <balance>30.00000000</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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            <payOffProf>Long</payOffProf>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Limited Duration Inc</name>
        <lei>4VIZ12RURKQTKPDDB492</lei>
        <title>BlackRock Limited Duration Income Trust</title>
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          <isin value="US09249W1018"/>
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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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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="BPH1"/>
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        <balance>82.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock MuniHoldings Califor</name>
        <lei>NKJSRCJXMS5PZYPXY795</lei>
        <title>BlackRock MuniHoldings California Quality Fund, Inc.</title>
        <cusip>09254L107</cusip>
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          <isin value="US09254L1070"/>
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        <balance>506.00000000</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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      <invstOrSec>
        <name>American Renal Associates Hold</name>
        <lei>549300RZGHM4ZGSTW764</lei>
        <title>American Renal Associates Holdings, Inc.</title>
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          <isin value="US0292271055"/>
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        <balance>21041.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240919.45000000</valUSD>
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        <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>BMC Stock Holdings Inc</name>
        <lei>549300GHSZDJ1FJEJG18</lei>
        <title>BMC Stock Holdings, Inc.</title>
        <cusip>05591B109</cusip>
        <identifiers>
          <isin value="US05591B1098"/>
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        <balance>8813.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473081.84000000</valUSD>
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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>Eaton Vance Tax-Advantaged Glo</name>
        <lei>549300P9NBK8GZ8QI277</lei>
        <title>Eaton Vance Tax-Advantaged Global Dividend Income Fund</title>
        <cusip>27828S101</cusip>
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          <isin value="US27828S1015"/>
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        <balance>436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7957.00000000</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>BlackRock MuniHoldings Quality</name>
        <lei>V04K6JK5YHD4O5SHSC34</lei>
        <title>BlackRock MuniHoldings Quality Fund II, Inc.</title>
        <cusip>09254C107</cusip>
        <identifiers>
          <isin value="US09254C1071"/>
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        <balance>561.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7657.65000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <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>4260.00000000</balance>
        <units>NS</units>
        <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>Voya Infrastructure Industrial</name>
        <lei>CDDOXZNDBE7I8PJXIJ33</lei>
        <title>Voya Infrastructure Industrials and Materials Fund</title>
        <cusip>92912X101</cusip>
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          <isin value="US92912X1019"/>
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        <balance>3744.00000000</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>John Hancock Tax-Advantaged Di</name>
        <lei>5493001RMBJ8FL02CN30</lei>
        <title>John Hancock Tax-Advantaged Dividend Income Fund</title>
        <cusip>41013V100</cusip>
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          <isin value="US41013V1008"/>
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        <balance>352.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AllianzGI Convertible &amp; Income</name>
        <lei>549300VQWKOKLGOGUQ16</lei>
        <title>AllianzGI Convertible &amp; Income Fund II</title>
        <cusip>018825109</cusip>
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        <balance>1537.00000000</balance>
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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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        <name>iShares TIPS Bond ETF</name>
        <lei>549300EHD1VQKMRQ0829</lei>
        <title>iShares TIPS Bond ETF</title>
        <cusip>464287176</cusip>
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          <isin value="US4642871762"/>
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        <balance>-386.00000000</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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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Gasoline RBOB Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XBG1"/>
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        <balance>25.00000000</balance>
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        <valUSD>62890.05000000</valUSD>
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        <assetCat>DCO</assetCat>
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            <payOffProf>Long</payOffProf>
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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>Euronext Derivatives Amsterdam</name>
        <lei>N/A</lei>
        <title>Amsterdam Index Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EOF1"/>
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        <assetCat>DE</assetCat>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>AEX-Index</indexName>
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      <invstOrSec>
        <name>TCF Financial Corp</name>
        <lei>549300UK6KFVK4A0D603</lei>
        <title>TCF Financial Corp.</title>
        <cusip>872307103</cusip>
        <identifiers>
          <isin value="US8723071036"/>
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        <balance>6644.00000000</balance>
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        <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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        <name>iShares Core High Dividend ETF</name>
        <lei>549300M7WVLJWAVPDO86</lei>
        <title>iShares Core High Dividend ETF</title>
        <cusip>46429B663</cusip>
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        <balance>-38.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122157</cusip>
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        <balance>5855.00000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs International</name>
        <lei>W22LROWP2IHZNBB6K528</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="MHSwapGSL1"/>
        </identifiers>
        <balance>0.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <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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              <indexBasketInfo>
                <indexName>GS Equity Market Neutral Long Custom Basket</indexName>
                <indexIdentifier>N/A</indexIdentifier>
                <components>
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                      <cusip value="91704F104"/>
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                  <component>
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                  <component>
                    <othIndName>Healthpeak Properties, Inc.</othIndName>
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                      <cusip value="42250P103"/>
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                  <component>
                    <othIndName>Safehold, Inc.</othIndName>
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                      <cusip value="78645L100"/>
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                  <component>
                    <othIndName>Equity LifeStyle Properties, Inc.</othIndName>
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                      <cusip value="29472R108"/>
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                  <component>
                    <othIndName>NETSTREIT Corp.</othIndName>
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                  <component>
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                      <cusip value="053484101"/>
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                  <component>
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                      <cusip value="948741103"/>
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                  <component>
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                  <component>
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                  <component>
                    <othIndName>Gaming and Leisure Properties, Inc.</othIndName>
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                      <cusip value="36467J108"/>
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                      <cusip value="74340W103"/>
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                  <component>
                    <othIndName>CyrusOne, Inc.</othIndName>
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                      <cusip value="23283R100"/>
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                  <component>
                    <othIndName>Sun Communities, Inc.</othIndName>
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                      <cusip value="866674104"/>
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                  <component>
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                      <cusip value="45781V101"/>
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                      <cusip value="024013104"/>
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      <invstOrSec>
        <name>Alexion Pharmaceuticals Inc</name>
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      <invstOrSec>
        <name>ICE Futures US Softs</name>
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      <invstOrSec>
        <name>Guggenheim Partners Investment Management LLC</name>
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          <ticker value="GFSBX"/>
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        <balance>86737.68100000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPDR Gold Shares</name>
        <lei>N/A</lei>
        <title>SPDR Gold Shares</title>
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          <isin value="US78463V1070"/>
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        <balance>-47.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Delaware Investments Colorado</name>
        <lei>HS7YIW64I47WX7U31F48</lei>
        <title>Delaware Investments Colorado Municipal Income Fund, Inc.</title>
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          <isin value="US2461011098"/>
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        <balance>527.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Cohen &amp; Steers Closed-End Oppo</name>
        <lei>LR8M34TUGI3LR3LBU408</lei>
        <title>Cohen &amp; Steers Closed-End Opportunity Fund, Inc.</title>
        <cusip>19248P106</cusip>
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          <isin value="US19248P1066"/>
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        <balance>643.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Voya Prime Rate Trust</name>
        <lei>549300MGSUUJ7E55N746</lei>
        <title>Voya Prime Rate Trust</title>
        <cusip>92913A100</cusip>
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          <isin value="US92913A1007"/>
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        <balance>1654.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <name>Calamos Dynamic Convertible &amp;</name>
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        <title>Calamos Dynamic Convertible &amp; Income Fund</title>
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          <isin value="US12811V1052"/>
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        <balance>273.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>Barclays Capital, Inc.</title>
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        <units>PA</units>
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        <valUSD>891627.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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              <invstCat>UST</invstCat>
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      <invstOrSec>
        <name>Western Asset Emerging Markets</name>
        <lei>549300F68574RU1BKP84</lei>
        <title>Western Asset Emerging Markets Debt Fund, Inc.</title>
        <cusip>95766A101</cusip>
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          <isin value="US95766A1016"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>RealPage Inc</name>
        <lei>5493001RSFZX4122A604</lei>
        <title>RealPage, Inc.</title>
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          <isin value="US75606N1090"/>
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        <balance>5534.00000000</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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      <invstOrSec>
        <name>New York Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>Natural Gas Futures Contracts</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NGH21"/>
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        <balance>64.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-62573.20000000</valUSD>
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        <name>BlackRock MuniHoldings Fund In</name>
        <lei>MZBVMGS24JR92TGE6Z32</lei>
        <title>BlackRock MuniHoldings Fund, Inc.</title>
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        <name>Nuveen Tax-Advantaged Total Re</name>
        <lei>LYX9FVHXPB1ZJXLXRJ27</lei>
        <title>Nuveen Tax-Advantaged Total Return Strategy Fund</title>
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        <balance>812.00000000</balance>
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        <name>Eaton Vance Municipal Income T</name>
        <lei>549300DINBO2K1M6KL63</lei>
        <title>Eaton Vance Municipal Income Trust</title>
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          <isin value="US27826U1088"/>
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        <balance>558.00000000</balance>
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        <name>Liberty All-Star Equity Fund</name>
        <lei>549300DLV755RNHI1N92</lei>
        <title>Liberty All-Star Equity Fund</title>
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          <isin value="US5301581048"/>
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        <name>iShares Mortgage Real Estate E</name>
        <lei>549300WLIJWYXGL2J018</lei>
        <title>iShares Mortgage Real Estate ETF</title>
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          <isin value="US46435G3424"/>
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        <name>Chicago Board of Trade</name>
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        <title>Soybean Oil Futures Contracts</title>
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          <ticker value="BOH1"/>
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        <balance>19.00000000</balance>
        <units>NC</units>
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        <name>iShares Preferred &amp; Income Sec</name>
        <lei>549300YX74JNY54XCY80</lei>
        <title>iShares Preferred &amp; Income Securities ETF</title>
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        <assetCat>EC</assetCat>
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        <name>MFS High Income Municipal Trus</name>
        <lei>0G9TCUWY2FBUXSJY2691</lei>
        <title>MFS High Income Municipal Trust</title>
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        <balance>1515.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco Value Municipal Income</name>
        <lei>X075VJ33QQP2G2NTOV20</lei>
        <title>Invesco Value Municipal Income Trust</title>
        <cusip>46132P108</cusip>
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          <isin value="US46132P1084"/>
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            <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>2021-03-16</expDate>
            <notionalAmt>9223581.16000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>51808.84000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock MuniHoldings Investm</name>
        <lei>3ZB936ECCHG0HCOPJB28</lei>
        <title>BlackRock MuniHoldings Investment Quality Fund</title>
        <cusip>09254P108</cusip>
        <identifiers>
          <isin value="US09254P1084"/>
        </identifiers>
        <balance>528.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7434.24000000</valUSD>
        <pctVal>0.018401738692</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>Builders FirstSource Inc</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>Builders FirstSource, Inc.</title>
        <cusip>12008R107</cusip>
        <identifiers>
          <isin value="US12008R1077"/>
        </identifiers>
        <balance>-11567.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-472049.27000000</valUSD>
        <pctVal>-1.16844859949</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-02-01</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>
