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        <name>Government National Mortgage Association</name>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Long</payOffProf>
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                <indexName>CBOT 5 Year U.S. Treasury Notes</indexName>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
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          <isin value="US05401AAU51"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BONOS TESORERIA PESOS</name>
        <lei>549300FLZTJM5YJF8D34</lei>
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          <isin value="CL0002454248"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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      <invstOrSec>
        <name>EUSHI FINANCE INC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
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          <isin value="US29273VBF67"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LGI HOMES INC</name>
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        <title>LGI Homes Inc</title>
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          <isin value="US50187TAH95"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>U.K. Gilts</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
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          <isin value="GB00BPSNB460"/>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN EXPRESS CO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITADEL FINANCE LLC</name>
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        <title>Citadel Finance LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BP CAPITAL MARKETS PLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LORCA TELECOM BONDCO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KROGER CO</name>
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        <name>CITY OF BUENOS AIRES</name>
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        <invCountry>AR</invCountry>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>DELTA AIR LINES 2020-AA</name>
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        <name>TALLGRASS NRG PRTNR/FIN</name>
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        <name>HAVN Trust</name>
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        <name>Toorak Mortgage Corp.</name>
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        <name>MODIVCARE TOPCO LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANQUE OUEST AFRICAINE D</name>
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        <title>Banque Ouest Africaine de Developpement</title>
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          <isin value="XS2288824969"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CPJ44"/>
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        <name>ACREC LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury</name>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179W7K87"/>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <title>UnitedHealth Group Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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          <isin value="US36180AAG85"/>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <cusip>3140EXJD6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
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        <name>CCO HLDGS LLC/CAP CORP</name>
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        <name>FORD MOTOR CREDIT CO LLC</name>
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        <name>WESTERN UNION CO/THE</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <name>Credit Suisse Mortgage Trust</name>
        <lei>549300818AKCJ4Q9TD76</lei>
        <title>CSMC Trust 2013-IVR2</title>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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      <invstOrSec>
        <name>CHNGE Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS Commercial Mortgage Trust</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>ICG US CLO Ltd</name>
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        <name>SANTOS FINANCE LTD</name>
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        <name>Vanguard Intermediate-Term Corporate Bond ETF</name>
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        <name>Freddie Mac</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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      <invstOrSec>
        <name>ATHENE GLOBAL FUNDING</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <title>Meta Platforms Inc</title>
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        <name>AIR CANADA 2020-1C PTT</name>
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        <invCountry>CA</invCountry>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>FIGRE Trust</name>
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        <title>FIGRE Trust 2025-HE1</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2055-01-25</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140XJHF3</cusip>
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          <isin value="US3140XJHF35"/>
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        <balance>3954554.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3927146.43000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179XNG7</cusip>
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          <isin value="US36179XNG78"/>
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        <balance>10875647.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11108945.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ARABIAN OIL CO</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil Co</title>
        <cusip>80415RAC5</cusip>
        <identifiers>
          <isin value="US80415RAC51"/>
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        <balance>25895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25929958.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELI LILLY &amp; CO</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co</title>
        <cusip>532457DG0</cusip>
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          <isin value="US532457DG09"/>
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        <balance>11415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11555819.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE</title>
        <cusip>018820AD2</cusip>
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          <isin value="US018820AD21"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3681032.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418ELN8</cusip>
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          <isin value="US31418ELN84"/>
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        <balance>11789728.19000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11536255.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CZECH REPUBLIC</name>
        <lei>3157007EFDLQABN47912</lei>
        <title>Czech Republic Government Bond</title>
        <cusip>000000000</cusip>
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          <isin value="CZ0001006688"/>
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        <balance>502060000.00000000</balance>
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        <currencyConditional curCd="CZK" exchangeRt="20.50820000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36202FHY5</cusip>
        <identifiers>
          <isin value="US36202FHY51"/>
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        <balance>147460.59000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152354.88000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BECLE SA DE CV</name>
        <lei>529900JY55CZKMJLCE09</lei>
        <title>Becle SAB de CV</title>
        <cusip>07586PAA9</cusip>
        <identifiers>
          <isin value="US07586PAA93"/>
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        <balance>13625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11952653.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140XLQV3</cusip>
        <identifiers>
          <isin value="US3140XLQV30"/>
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        <balance>7535470.29000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179TG41</cusip>
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          <isin value="US36179TG411"/>
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        <balance>483403.33000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140EWZG3</cusip>
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          <isin value="US3140EWZG38"/>
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        <balance>110315.45000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VistaJet Malta Finance P.L.C.</name>
        <lei>5299005VABKD28UWHI65</lei>
        <title>VistaJet Malta Finance PLC 2025 Term Loan B</title>
        <cusip>92842EAB4</cusip>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31402QY39</cusip>
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          <isin value="US31402QY395"/>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage Securities LLC</name>
        <lei>N/A</lei>
        <title>BBCMS Mortgage Trust 2024-5C25</title>
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      <invstOrSec>
        <name>Hipgnosis Music Assets LP</name>
        <lei>N/A</lei>
        <title>Hipgnosis Music Assets 2022-1 LP</title>
        <cusip>43351RAA3</cusip>
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          <isin value="US43351RAA32"/>
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        <curCd>USD</curCd>
        <valUSD>15159818.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2062-05-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITADEL FINANCE LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>Citadel Finance LLC</title>
        <cusip>17287HAD2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GSJP Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Educational Services of America Inc</name>
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      <invstOrSec>
        <name>SHR Trust</name>
        <lei>N/A</lei>
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          <isin value="US784234AG17"/>
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        <balance>2080000.00000000</balance>
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          <maturityDt>2041-10-15</maturityDt>
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      <invstOrSec>
        <name>EquipmentShare</name>
        <lei>N/A</lei>
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          <isin value="US69122AAA34"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Achieve Mortgage</name>
        <lei>N/A</lei>
        <title>ACHM Trust 2025-HE1</title>
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          <isin value="US00449SAA50"/>
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          <maturityDt>2055-03-25</maturityDt>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
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          <isin value="US91087BBL36"/>
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        <balance>11170000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <balance>7235000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Preston Ridge Partners Mortgage Trust</name>
        <lei>N/A</lei>
        <title>PRPM 2024-NQM3</title>
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          <isin value="US69381FAA84"/>
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        <balance>10223208.80000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2069-08-25</maturityDt>
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      <invstOrSec>
        <name>STATE OF ISRAEL</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>Israel Government International Bond</title>
        <cusip>46515CKR4</cusip>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DANAHER CORP</name>
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      <invstOrSec>
        <name>BHMS Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BHMS Commercial Mortgage Trust 2025-ATLS</title>
        <cusip>088928AC0</cusip>
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          <isin value="US088928AC00"/>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140KYEH3</cusip>
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        <balance>66552592.54000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>REPSOL INTL FINANCE</name>
        <lei>5493002YCY6HTK0OUR29</lei>
        <title>Repsol International Finance BV</title>
        <cusip>000000000</cusip>
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          <isin value="XS2320533131"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS IN</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TUI CRUISES GMBH</name>
        <lei>529900SVD83QUUIZYY18</lei>
        <title>TUI Cruises GmbH</title>
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        <invCountry>DE</invCountry>
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        <name>BASIN ELECTRIC PWR COOP</name>
        <lei>5493002CLOJ5KYT5GB16</lei>
        <title>Basin Electric Power Cooperative</title>
        <cusip>070101AJ9</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHNGE Mortgage Trust 2022-2</name>
        <lei>N/A</lei>
        <title>CHNGE Mortgage Trust 2022-2</title>
        <cusip>12546YAA9</cusip>
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          <isin value="US12546YAA91"/>
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        <balance>964406.75000000</balance>
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        <valUSD>962134.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Angel Oak Mortgage Trust</name>
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        <name>WINTERSHALL DEA FIN 2BV</name>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>UNITED AIR 2023-1 A PTT</name>
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        <name>DEUTSCHE BANK AG</name>
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        <name>Planet Fitness Master Issuer LLC</name>
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        <name>ENEL FINANCE INTL NV</name>
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        <name>Saluda Grade Alternative Mortgage Trust</name>
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        <name>Fannie Mae</name>
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        <name>FannieMae Whole Loan</name>
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        <name>Government National Mortgage Association</name>
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        <name>ModivCare Buyer LLC</name>
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        <name>CINCINNATI FINL CORP</name>
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        <name>AKER BP ASA</name>
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      <invstOrSec>
        <name>Cogent IPv4 LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BX Trust</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hotwire Funding LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WENDYS FUNDING LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
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        <name>Neighborly Issuer LLC</name>
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        <name>CHARTER COMM OPT LLC/CAP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PG&amp;E CORP</name>
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        <name>Jimmy John's Funding LLC</name>
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        <name>Australia Government Bonds</name>
        <lei>213800J6B7JSBDETCB42</lei>
        <title>Australia Government Bonds</title>
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        <name>MF1 Multifamily Housing Mortgage Loan Trust</name>
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        <name>COLOMBIA TELECOMUNICACIO</name>
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        <title>Colombia Telecomunicaciones SA ESP</title>
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        <name>EquipmentShare</name>
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        <title>Crockett Partners Equipment Co IIA LLC</title>
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        <name>BROOKLYN UNION GAS CO</name>
        <lei>83BQ1DXS6VA5GZFK8S35</lei>
        <title>Brooklyn Union Gas Co/The</title>
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        <balance>8755000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738ECY9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Bank of New York Mellon</name>
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      <invstOrSec>
        <name>Mill City Mortgage Trust</name>
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      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
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        <name>SDAL Trust</name>
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      <invstOrSec>
        <name>Oak Street Investment Grade Net Lease Fund</name>
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        <name>Financial Asset Securitization Inc.</name>
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        <name>LCM Ltd Partnership</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>United States Treasury</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <name>UNUM GROUP</name>
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        <title>Unum Group</title>
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        <balance>8788000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHNGE Mortgage Trust 2022-1</name>
        <lei>N/A</lei>
        <title>CHNGE Mortgage Trust 2022-1</title>
        <cusip>17030JAA4</cusip>
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          <isin value="US17030JAA43"/>
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        <balance>4600805.31000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4504768.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.01000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140XL6T0</cusip>
        <identifiers>
          <isin value="US3140XL6T07"/>
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        <balance>30638737.65000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25501818.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Experts Issuer</name>
        <lei>N/A</lei>
        <title>Service Experts Issuer 2025-1 LLC</title>
        <cusip>81758JAA0</cusip>
        <identifiers>
          <isin value="US81758JAA07"/>
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        <balance>4496850.45000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.38000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>3618N5KU2</cusip>
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          <isin value="US3618N5KU27"/>
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        <balance>10433804.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10322700.41000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F052631</cusip>
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          <isin value="US01F0526313"/>
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        <balance>10600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10769947.57000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738EDK8</cusip>
        <identifiers>
          <isin value="US06738EDK82"/>
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        <balance>10380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10370202.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.21000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PROTECTIVE LIFE CORP</name>
        <lei>549300ZWIT8J8Y2EXL07</lei>
        <title>Protective Life Corp</title>
        <cusip>743674BF9</cusip>
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          <isin value="US743674BF93"/>
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        <balance>11090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11197652.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>Comcast Corp</title>
        <cusip>20030NEQ0</cusip>
        <identifiers>
          <isin value="US20030NEQ07"/>
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        <balance>9905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10142268.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mexico Government International Bonds</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bonds</title>
        <cusip>91087BAZ3</cusip>
        <identifiers>
          <isin value="US91087BAZ31"/>
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        <balance>8495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8696756.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DWFH1</cusip>
        <identifiers>
          <isin value="US3132DWFH16"/>
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        <balance>89717.23000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91651.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JACOBS SOLUTIONS INC</name>
        <lei>254900E3KHXCC2C8K272</lei>
        <title>Jacobs Solutions Inc</title>
        <cusip>46982LAA6</cusip>
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          <isin value="US46982LAA61"/>
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        <balance>16145000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HASBRO INC</name>
        <lei>549300NUB6D2R1ITYR45</lei>
        <title>Hasbro Inc</title>
        <cusip>418056BA4</cusip>
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        <balance>8525000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
        <lei>984500E3BD374F778L95</lei>
        <title>ADMT 2024-NQM6</title>
        <cusip>00249YAD8</cusip>
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        <balance>651139.74000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2070-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.92000000</annualizedRt>
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      <invstOrSec>
        <name>STATE OF ISRAEL</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>Israel Government International Bond</title>
        <cusip>46515CJY1</cusip>
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          <isin value="US46515CJY12"/>
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        <balance>16755000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>LYB INT FINANCE III</name>
        <lei>984500A51LA0B8EB4053</lei>
        <title>LYB International Finance III LLC</title>
        <cusip>50249AAR4</cusip>
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          <isin value="US50249AAR41"/>
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        <balance>9165000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Service Experts Issuer</name>
        <lei>N/A</lei>
        <title>Service Experts Issuer 2021-1 LLC</title>
        <cusip>81758VAA3</cusip>
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          <isin value="US81758VAA35"/>
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        <balance>1673739.28000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2032-02-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.67000000</annualizedRt>
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      <invstOrSec>
        <name>SCHLUMBERGER HLDGS CORP</name>
        <lei>529900IKZG65COT1D505</lei>
        <title>Schlumberger Holdings Corp</title>
        <cusip>806851AP6</cusip>
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          <isin value="US806851AP68"/>
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        <balance>11430000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>firstkey homes 2020-sfr1 trust</name>
        <lei>N/A</lei>
        <title>FirstKey Homes 2021-SFR2 Trust</title>
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        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIRCASTLE LTD</name>
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        <name>United States Treasury</name>
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        <name>ENERGY TRANSFER LP</name>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179W2W70"/>
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        <name>AXA SA</name>
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        <name>Bank of New York Mellon</name>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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        <name>Morgan Stanley Residential Mortgage Loan Trust</name>
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        <title>Morgan Stanley Residential Mortgage Loan Trust 2025-NQM5</title>
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        <name>Taco Bell Funding, LLC</name>
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        <name>Zayo Issuer LLC</name>
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        <name>Achieve Mortgage</name>
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        <name>Government National Mortgage Association</name>
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        <name>Avant Loans Funding Trust</name>
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        <name>MEDLINE BORROWER LP</name>
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        <name>CHARTER COMM OPT LLC/CAP</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>IVORY COAST</name>
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        <name>MF1 Multifamily Housing Mortgage Loan Trust</name>
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        <name>Freddie Mac</name>
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        <name>United States Treasury</name>
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        <name>The BAHA Trust</name>
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        <name>Freddie Mac</name>
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        <name>LYB INT FINANCE III</name>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
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        <name>AES CORP/THE</name>
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        <name>Government National Mortgage Association</name>
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        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp</title>
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        <name>Freddie Mac</name>
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        <name>TRANSATLANTIC HOLDINGS</name>
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        <name>Morgan Stanley BAML Trust</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>UNITED WHOLESALE MTGE LL</name>
        <lei>549300HW662MN1WU8550</lei>
        <title>United Wholesale Mortgage LLC</title>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FHLMC Structured Pass Through Securities</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Structured Pass-Through Certificates</title>
        <cusip>31394PPV9</cusip>
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          <isin value="US31394PPV93"/>
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        <balance>92677.90000000</balance>
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      <invstOrSec>
        <name>EQUINIX ASIA FIN CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>A&amp;D Mortgage Trust</name>
        <lei>9845006Z1DC68561N347</lei>
        <title>A&amp;D Mortgage Trust 2024-NQM5</title>
        <cusip>00039KAC4</cusip>
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          <isin value="US00039KAC45"/>
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        <name>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc</title>
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          <isin value="US91324PFR82"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140HTBW8</cusip>
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          <isin value="US3140HTBW87"/>
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        <balance>884385.71000000</balance>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Woodward Capital Management</name>
        <lei>2549002LEW4WNQBOMB89</lei>
        <title>RCKT Mortgage Trust 2024-CES2</title>
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      <invstOrSec>
        <name>OneMain Direct Auto Receivables Trust</name>
        <lei>N/A</lei>
        <title>OneMain Direct Auto Receivables Trust 2025-1</title>
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          <isin value="US682684AA30"/>
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        <balance>6500000.00000000</balance>
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      <invstOrSec>
        <name>INTEL CORP</name>
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        <title>Intel Corp</title>
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          <couponKind>Fixed</couponKind>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <balance>1985664.59000000</balance>
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        <name>REPUBLIC OF SOUTH AFRICA</name>
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        <invCountry>ZA</invCountry>
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        <name>Blue Bridge Funding LLC</name>
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        <name>Verus Securitization Trust</name>
        <lei>213800LFRCPWSTP6LX39</lei>
        <title>Verus Securitization Trust 2024-9</title>
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        <name>BAWAG GROUP AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG Group AG</title>
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        <invCountry>AT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ESSENTIAL PROPER</name>
        <lei>254900XX9FNFCDE1NX02</lei>
        <title>Essential Properties LP</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MATTEL INC</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
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      <invstOrSec>
        <name>Mexico Government International Bonds</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW S WALES TREASURY CRP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of New York Mellon</name>
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          <other otherDesc="Trade Identifier" value="25LKKBBG1CD"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NMABS Issuer I, LLC.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARES CAPITAL CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of New York Mellon</name>
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          <other otherDesc="Trade Identifier" value="26BAKBBTRG7"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EdgeConneX Data Centers Issuer, LLC</name>
        <lei>N/A</lei>
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        <cusip>28000XAB4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DataBank Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US23802WAN11"/>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>Sesac Finance</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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          <isin value="US31418FTB30"/>
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          <couponKind>Fixed</couponKind>
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        <name>New York Mortgage Trust</name>
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        <title>NYMT Loan Trust 2024-CP1</title>
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        <name>SPGN TFLM Mortgage Trust</name>
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        <name>BANK OF AMERICA CORP</name>
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        <name>VISTRA OPERATIONS CO LLC</name>
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        <name>Oxford Finance Credit Fund III LP</name>
        <lei>N/A</lei>
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        <assetCat>ABS-O</assetCat>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <name>NOKIA OYJ</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EPR PROPERTIES</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DAVITA INC</name>
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        <title>DaVita Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BAT CAPITAL CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENCHMARK Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
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        <name>BROOKFIELD ASSET MANAGEM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Board of Trade</name>
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        <name>Prestige Auto Receivables Trust</name>
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        <name>Credit Suisse Mortgage Trust</name>
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        <name>Switch ABS Issuer, LLC</name>
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        <name>Singapore Government Bonds</name>
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        <name>French Republic Government Bonds OAT</name>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <title>Avolon Holdings Funding Ltd</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <balance>8380000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>GSJP Trust</name>
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        <name>Fannie Mae</name>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <name>CIMIC FINANCE USA PTY LT</name>
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        <name>harvest commercial capital loan trust</name>
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        <name>ALMAVIVA THE ITALIAN INN</name>
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        <name>Freddie Mac</name>
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        <name>Enterprise Fleet Financing LLC</name>
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        <name>INFRASTRUTTURE WIRELESS</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <name>KBC GROUP NV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Imperial Fund LLC</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust 2021-NQM2</title>
        <cusip>452761AB5</cusip>
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          <isin value="US452761AB58"/>
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        <balance>3288010.80000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Imperial Fund LLC</name>
        <lei>N/A</lei>
        <title>Imperial Fund Mortgage Trust 2020-NQM1</title>
        <cusip>452760AA9</cusip>
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          <isin value="US452760AA92"/>
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        <balance>389279.56000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAJUN GLOBAL LLC</name>
        <lei>N/A</lei>
        <title>Cajun Global LLC</title>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418DLU4</cusip>
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          <isin value="US31418DLU45"/>
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        <balance>889485.31000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA</title>
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          <isin value="US22535WAS61"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY INC</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRIVIUM PACKAGING FIN</name>
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        <title>Trivium Packaging Finance BV</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AERCAP IRELAND CAP/GLOBA</name>
        <lei>N/A</lei>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ENBRIDGE INC</name>
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        <title>Enbridge Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>MATTEL INC</name>
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        <title>Mattel Inc</title>
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        <name>CHARTER COMM OPT LLC/CAP</name>
        <lei>N/A</lei>
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        <name>UBS GROUP AG</name>
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        <title>UBS Group AG</title>
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        <invCountry>CH</invCountry>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
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        <name>Camber Credit Auto Trust</name>
        <lei>N/A</lei>
        <title>Camber Credit 2026-1 Auto Trust</title>
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        <name>Jonah Energy LLC</name>
        <lei>2549003KXV9PPFRCPA79</lei>
        <title>Jonah Energy Abs I LLC</title>
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        <name>Saluda Grade Alternative Mortgage Trust</name>
        <lei>213800ETGZN4SIG56R83</lei>
        <title>Saluda Grade Alternative Mortgage Trust 2024-CES1</title>
        <cusip>79581VAA0</cusip>
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        <curCd>USD</curCd>
        <valUSD>4231339.53000000</valUSD>
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        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAS VEGAS SANDS CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EquipmentShare</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Achieve Mortgage</name>
        <lei>N/A</lei>
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        <name>AREIT CRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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        <name>Freddie Mac</name>
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        <name>Flexential Issuer, LLC</name>
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        <name>UNITED GROUP BV</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>FIGRE Trust</name>
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        <title>Banco Santander Chile</title>
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        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
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      </invstOrSec>
      <invstOrSec>
        <name>COMISION FEDERAL DE ELEC</name>
        <lei>4469000001BFPONMPF32</lei>
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          <isin value="US200447AK60"/>
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        <curCd>USD</curCd>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jersey Mikes Funding LLC</name>
        <lei>N/A</lei>
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        <cusip>476681AD3</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-15</maturityDt>
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      <invstOrSec>
        <name>Argentina Republic Government International Bonds</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Republic Government International Bonds</title>
        <cusip>040114HX1</cusip>
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          <isin value="US040114HX11"/>
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        <balance>144417.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sothebys ArtFi Master Trust</name>
        <lei>9845002FA850DM72BA31</lei>
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          <isin value="US83589DAC02"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-20</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3132DWLH4</cusip>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>RENTOKIL INITIAL FINANC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-27</maturityDt>
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        <name>CITADEL FINANCE LLC</name>
        <lei>549300BQL283NCR7P163</lei>
        <title>Citadel Finance LLC</title>
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          <isin value="US17287HAF73"/>
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        <balance>7475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7444852.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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        <name>COMMONWEALTH BANK AUST</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
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        <balance>24890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26009128.07000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-14</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BT FINANCE PLC</name>
        <lei>64882D4OUTP2YP126091</lei>
        <title>BT Finance PLC</title>
        <cusip>000000000</cusip>
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        <balance>5400000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>DISCOVERY HOLDINGS INC</name>
        <lei>549300DXR29GD4N0A520</lei>
        <title>Discovery Global Holdings Inc</title>
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        <balance>8925000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.28000000</annualizedRt>
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        <name>Centersquare Issuer LLC</name>
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        <title>Centersquare Issuer LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418EV56</cusip>
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        <balance>11473829.98000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11171179.37000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36180AAF03"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>Centersquare Issuer LLC</name>
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        <name>OI EUROPEAN GROUP BV</name>
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        <title>OI European Group BV</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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          <couponKind>Fixed</couponKind>
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        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
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        <name>Government National Mortgage Association</name>
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        <name>State Street Bank &amp; Trust Co.</name>
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        <name>Panama Government International Bonds</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>Government National Mortgage Association</name>
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        <name>Freddie Mac</name>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWEST AIRLINES CO</name>
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        <title>Southwest Airlines Co</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>firstkey homes 2020-sfr1 trust</name>
        <lei>N/A</lei>
        <title>FirstKey Homes 2021-SFR1 Trust</title>
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          <isin value="US33767WAA18"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Residential Mortgage Loan Trust</name>
        <lei>N/A</lei>
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          <isin value="US76119CAD39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36180AB93</cusip>
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          <isin value="US36180AB931"/>
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        <balance>14549785.89000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Starwood Commercial Mortgage Trust</name>
        <lei>N/A</lei>
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          <isin value="US78485KAA34"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-15</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pagaya AI Debt Selection Trust</name>
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        <title>Pagaya Ai Debt Grantor Trust 2025-6</title>
        <cusip>69549BAC2</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Hyundai Auto Receivables Trust</name>
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        <title>Hyundai Auto Receivables Trust 2026-A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMBS, TBA</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>BROOKFIELD FINANCE INC</name>
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        <title>Brookfield Finance Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179W2U15"/>
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        <balance>17016600.98000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust</name>
        <lei>549300PX4QZK7CUM8D08</lei>
        <title>Wells Fargo Commercial Mortgage Trust 2025-NYCH</title>
        <cusip>95004KAA9</cusip>
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        <balance>1500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>DBSG 2024-ALTA Mortgage Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Imperial Fund LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RGA GLOBAL FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRGIN MEDIA SECURED FIN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Service Experts Issuer</name>
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          <isin value="US81758FAA84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-20</maturityDt>
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        <name>ASPEN INSURANCE HLDG LTD</name>
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        <title>Aspen Insurance Holdings Ltd</title>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>Ford Credit Floorplan Master Owner Trust</name>
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        <title>Ford Credit Floorplan Master Owner Trust A</title>
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        <balance>4000000.00000000</balance>
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        <name>RENAISSANCERE HOLDINGS L</name>
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        <title>RenaissanceRe Holdings Ltd</title>
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        <invCountry>BM</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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        <name>NIAGARA MOHAWK POWER</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>CAMELOT RETURN MERGER SU</name>
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        <name>RGA GLOBAL FUNDING</name>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <name>Finance of America Structured Securities Trust</name>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>SENSATA TECHNOLOGIES INC</name>
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      <invstOrSec>
        <name>Retained Vantage Data Centers Issuer, LLC</name>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <name>JACOBS SOLUTIONS INC</name>
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        <name>ABBOTT LABORATORIES</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Fannie Mae</name>
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        <name>COMM Mortgage Trust</name>
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        <name>Government National Mortgage Association</name>
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        <name>SEMPRA</name>
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        <name>Bankers Healthcare Group Securitization Trust</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Gold Pool</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Achieve Mortgage</name>
        <lei>N/A</lei>
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          <isin value="US00111NAA37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARBOUR ENERGY PLC</name>
        <lei>213800YPC42DYBKVPF97</lei>
        <title>Harbour Energy PLC</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
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          <isin value="US13607QWB49"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Eurex Deutschland</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVERGY INC</name>
        <lei>549300PGTHDQY6PSUI61</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AROUNDTOWN SA</name>
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        <title>Aroundtown SA</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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      <invstOrSec>
        <name>JP Morgan Mortgage Trust</name>
        <lei>549300BV8AJIRLDGMR51</lei>
        <title>JP Morgan Mortgage Trust 2014-2</title>
        <cusip>46641YAS2</cusip>
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      <invstOrSec>
        <name>GS Mortgage Securities Trust</name>
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      <invstOrSec>
        <name>Angel Oak Mortgage Trust</name>
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        <title>Angel Oak Mortgage Trust 2020-4</title>
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        <name>RENAISSANCERE HOLDINGS L</name>
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        <title>RenaissanceRe Holdings Ltd</title>
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        <name>FTAI AVIATION INVESTORS</name>
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        <name>COMISION FEDERAL DE ELEC</name>
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        <name>Switch ABS Issuer, LLC</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>BANCO MERCANTIL DE NORTE</name>
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        <invCountry>MX</invCountry>
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        <name>Argentina Republic Government International Bonds</name>
        <lei>549300KPBYGYF7HCHO27</lei>
        <title>Argentina Republic Government International Bonds</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>FORD MOTOR CREDIT CO LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co LLC</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-31</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Saluda Grade Alternative Mortgage Trust</name>
        <lei>213800ETGZN4SIG56R83</lei>
        <title>Saluda Grade Alternative Mortgage Trust 2023-FIG3</title>
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        <balance>6764317.97000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-25</maturityDt>
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      <invstOrSec>
        <name>FS Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
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      <invstOrSec>
        <name>ORACLE CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-26</maturityDt>
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      <invstOrSec>
        <name>Sesac Finance</name>
        <lei>N/A</lei>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DirecTV Financing LLC</name>
        <lei>N/A</lei>
        <title>DirecTV Financing LLC Term Loan</title>
        <cusip>25460HAB8</cusip>
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          <isin value="US25460HAB87"/>
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        <balance>157082.87000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>FLEX LTD</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>Flex Ltd</title>
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        <balance>15860000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TOLL ROAD INV PART II</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BAT INTL FINANCE PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>COTERRA ENERGY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <title>Hyundai Capital America</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-23</maturityDt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <balance>45130452.01000000</balance>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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        <balance>9394133.25000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140QQBC8</cusip>
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          <isin value="US3140QQBC83"/>
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        <balance>36401440.44000000</balance>
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        <name>TELECOM ITALIA SPA</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>Telecom Italia SpA/Milano</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <balance>14273300.60000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <name>RIO TINTO FIN USA PLC</name>
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        <name>Freddie Mac</name>
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        <name>United States Treasury</name>
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        <name>Argentina Republic Government International Bonds</name>
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        <name>Freddie Mac</name>
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        <name>EQUITABLE AMERICA GLOBAL</name>
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        <name>BANIJAY ENTERTAINMENT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TUI AG</name>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912797SL24"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-09</maturityDt>
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      <invstOrSec>
        <name>Blue Stream Issuer, LLC</name>
        <lei>N/A</lei>
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          <isin value="US09606BAA26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-20</maturityDt>
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      <invstOrSec>
        <name>UNITED MEXICAN STATES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3138WFKM7</cusip>
        <identifiers>
          <isin value="US3138WFKM71"/>
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        <balance>928270.23000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae</title>
        <cusip>21H050631</cusip>
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          <isin value="US21H0506319"/>
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        <balance>52760000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-20</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BMO Mortgage Trust</name>
        <lei>N/A</lei>
        <title>BMO 2024-C8 Mortgage Trust</title>
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          <isin value="US05593HAH75"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>LoanCore 2018-CRE1 Issuer, Ltd.</name>
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        <title>LoanCore 2025 2025-CRE8 Issuer LLC</title>
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          <maturityDt>2042-08-17</maturityDt>
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      <invstOrSec>
        <name>STATE OF ISRAEL</name>
        <lei>213800T8ZHTFZIBYPE21</lei>
        <title>Israel Government International Bond</title>
        <cusip>46514BRM1</cusip>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-12</maturityDt>
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        <name>GOVT OF BERMUDA</name>
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        <title>Bermuda Government International Bond</title>
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          <isin value="US085209AH76"/>
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        <invCountry>BM</invCountry>
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        <name>Bank of New York Mellon</name>
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      <invstOrSec>
        <name>Mexico Government International Bonds</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bonds</title>
        <cusip>91087BAN0</cusip>
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          <isin value="US91087BAN01"/>
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        <invCountry>MX</invCountry>
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        <name>BAT CAPITAL CORP</name>
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        <name>BAT CAPITAL CORP</name>
        <lei>2138005GYEXN7XRHFA84</lei>
        <title>BAT Capital Corp</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>ALPHABET INC</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc</title>
        <cusip>02079KBP1</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Fannie Mae</name>
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        <name>FS Trust</name>
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      <invstOrSec>
        <name>SCALELOGIX ABS US ISSUER, LLC</name>
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        <name>JP Morgan Mortgage Trust</name>
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        <name>Freddie Mac</name>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TPG OPERATING GROUP II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GS Mortgage-Backed Securities Trust</name>
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        <name>Bank of New York Mellon</name>
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        <name>DOMINION ENERGY INC</name>
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        <name>Hertz Vehicle Financing LLC</name>
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        <name>HLDNG D'INFRA METIERS</name>
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        <title>Holding d'Infrastructures des Metiers de l'Environnement SAS</title>
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        <name>Sabey Data Center Issuer LLC</name>
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        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>Avis Budget Rental Car Funding AESOP LLC</name>
        <lei>IHXLB8SL0QWSSG2VG640</lei>
        <title>Avis Budget Rental Car Funding AESOP LLC</title>
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      <invstOrSec>
        <name>Aligned Data Centers Issuer LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. International PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <name>ENBRIDGE INC</name>
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        <name>INTUIT INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>One New York Plaza Trust 2020-1NYP</name>
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        <name>CHORUS LTD</name>
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        <name>ServiceMaster Brands</name>
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        <name>Freddie Mac</name>
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        <name>Bank of New York Mellon</name>
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        <name>ROYAL CARIBBEAN CRUISES</name>
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        <issuerCat>CORP</issuerCat>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>Achieve Mortgage</name>
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        <name>FS Rialto Issuer Ltd</name>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP CAPITAL MARKETS PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUREWEST ABS ISSUER LLC</name>
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      <invstOrSec>
        <name>Westgate Resorts</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Switch ABS Issuer, LLC</name>
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          <maturityDt>2055-10-25</maturityDt>
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        <name>Fannie Mae</name>
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        <name>Jack in the Box Funding, LLC</name>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810TU25"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Retained Vantage Data Centers Issuer, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towd Point Mortgage Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <name>United States Treasury</name>
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        <title>U.S. Treasury Bonds</title>
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        <name>Towd Point Mortgage Trust</name>
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        <name>COMCAST CORP</name>
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        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>GLOBAL PAYMENTS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of New York Mellon</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>PURCHASED USD / SOLD CZK</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Trade Identifier" value="26AJKBBPDZ4"/>
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        <balance>1.00000000</balance>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Bank of New York Mellon</counterpartyName>
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            <amtCurSold>523400000.00000000</amtCurSold>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Starwood Mortgage Residential Trust</name>
        <lei>N/A</lei>
        <title>Starwood Mortgage Residential Trust 2021-6</title>
        <cusip>85573RAA6</cusip>
        <identifiers>
          <isin value="US85573RAA68"/>
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        <balance>1542278.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1388045.80000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.92000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>902613AJ7</cusip>
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          <isin value="US902613AJ70"/>
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        <balance>3940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3923556.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.88000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ROYAL CARIBBEAN CRUISES</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd</title>
        <cusip>780153BW1</cusip>
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          <isin value="US780153BW11"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1623504.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.63000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTERPOINT ENER HOUSTON</name>
        <lei>549300S8SEQBOJLKHW63</lei>
        <title>CenterPoint Energy Houston Electric LLC</title>
        <cusip>15189XBL1</cusip>
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          <isin value="US15189XBL10"/>
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        <balance>8645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8671728.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co. International PLC</name>
        <lei>4PQUHN3JPFGFNF3BB653</lei>
        <title>PURCHASED USD / SOLD COP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Trade Identifier" value="26BSKBB3KWV"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="COP" exchangeRt="3790.06500000"/>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Morgan Stanley &amp; Co. International PLC</counterpartyName>
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      <invstOrSec>
        <name>ORBIA ADVANCE CORP SAB</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp SAB de CV</title>
        <cusip>68560EAD0</cusip>
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          <isin value="US68560EAD04"/>
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        <balance>5695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5738629.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PROTECTIVE LIFE CORP</name>
        <lei>549300ZWIT8J8Y2EXL07</lei>
        <title>Protective Life Corp</title>
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          <isin value="US743674BG76"/>
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        <balance>10145000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>U.K. Gilts</name>
        <lei>ECTRVYYCEF89VWYS6K36</lei>
        <title>U.K. Gilts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSQNRD01"/>
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        <balance>28200000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74203200"/>
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        <pctVal>0.359859259082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Achieve Mortgage</name>
        <lei>N/A</lei>
        <title>FREED Mortgage Trust 2022-HE1</title>
        <cusip>35634KAB1</cusip>
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          <isin value="US35634KAB17"/>
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        <balance>6890597.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7225372.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>FS Rialto Issuer Ltd</name>
        <lei>N/A</lei>
        <title>FS Rialto 2025-FL10 Issuer LLC</title>
        <cusip>30340KAG6</cusip>
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          <isin value="US30340KAG67"/>
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        <balance>1895000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HYUNDAI CAPITAL AMERICA</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ACE5</cusip>
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          <isin value="US44891ACE55"/>
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        <balance>11235000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>EUTELSAT SA</name>
        <lei>549300MCOOY1V7P2PG30</lei>
        <title>Eutelsat SA</title>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DQLZ7</cusip>
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          <isin value="US3132DQLZ71"/>
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        <balance>10831432.11000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ROCC Trust</name>
        <lei>N/A</lei>
        <title>ROCK Trust 2024-CNTR</title>
        <cusip>74970WAE0</cusip>
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        <balance>9345000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FannieMae Whole Loan</name>
        <lei>549300DT3ZN0G36OPC94</lei>
        <title>Fannie Mae Trust 2005-W4</title>
        <cusip>31394VQB9</cusip>
        <identifiers>
          <isin value="US31394VQB98"/>
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        <balance>17554.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17959.34000000</valUSD>
        <pctVal>0.000165801778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.62000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VISTRA CORP</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co LLC</title>
        <cusip>92840VAF9</cusip>
        <identifiers>
          <isin value="US92840VAF94"/>
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        <balance>9215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9201711.97000000</valUSD>
        <pctVal>0.084950795086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>EquipmentShare</name>
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        <name>Fannie Mae</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Agate Bay Mortgage Loan Trust</name>
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        <name>Bank of New York Mellon</name>
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        <name>NOTA DO TESOURO NACIONAL</name>
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        <title>Morgan Stanley</title>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SG Capital Partners</name>
        <lei>N/A</lei>
        <title>SG Residential Mortgage Trust 2021-1</title>
        <cusip>784212AB8</cusip>
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          <isin value="US784212AB83"/>
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        <balance>4971091.22000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4255741.25000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-07-25</maturityDt>
          <couponKind>Variable</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>PETSMART LLC/PETSMART FI</name>
        <lei>N/A</lei>
        <title>PetSmart LLC / PetSmart Finance Corp</title>
        <cusip>71677KAC2</cusip>
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          <isin value="US71677KAC27"/>
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        <balance>13180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13336578.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital I Trust</name>
        <lei>3IFG42XD94UUZ7FL2766</lei>
        <title>Morgan Stanley Capital I Trust 2014-150E</title>
        <cusip>61764BAA1</cusip>
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          <isin value="US61764BAA17"/>
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        <balance>6695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6313667.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.91000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SWCH Commercial Mortgage Trust</name>
        <lei>N/A</lei>
        <title>SWCH Commercial Mortgage Trust 2025-DATA</title>
        <cusip>78489CAC3</cusip>
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          <isin value="US78489CAC38"/>
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        <balance>7960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7920189.65000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARNIVAL CORP</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp</title>
        <cusip>143658BX9</cusip>
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          <isin value="US143658BX94"/>
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        <balance>27365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28329780.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.13000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QDOBA Funding LLC</name>
        <lei>N/A</lei>
        <title>Qdoba Funding LLC</title>
        <cusip>746954AA4</cusip>
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          <isin value="US746954AA44"/>
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        <balance>10234350.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Towd Point Mortgage Trust</name>
        <lei>25490010CSYSAQU59J50</lei>
        <title>Towd Point Mortgage Trust 2019-4</title>
        <cusip>89178BAD6</cusip>
        <identifiers>
          <isin value="US89178BAD64"/>
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        <balance>3680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3279117.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179WVT2</cusip>
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          <isin value="US36179WVT25"/>
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        <balance>12491214.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Octane Receivables Trust</name>
        <lei>N/A</lei>
        <title>Octane Receivables Trust 2023-1</title>
        <cusip>67571BAB9</cusip>
        <identifiers>
          <isin value="US67571BAB99"/>
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        <balance>2046615.34000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.96000000</annualizedRt>
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      <invstOrSec>
        <name>BLOCK INC</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block Inc</title>
        <cusip>852234AS2</cusip>
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        <balance>5595000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>firstkey homes 2020-sfr1 trust</name>
        <lei>N/A</lei>
        <title>FirstKey Homes 2021-SFR1 Trust</title>
        <cusip>33767WAE3</cusip>
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        <balance>6770000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lyra MUSIC Assets (Delaware) LP</name>
        <lei>9845007N9EAB0C048A12</lei>
        <title>Lyra Music Assets Delaware LP</title>
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        <balance>9248359.45000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SBA TOWER TRUST</name>
        <lei>N/A</lei>
        <title>SBA Tower Trust</title>
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        <balance>6595000.00000000</balance>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179Y5L4</cusip>
        <identifiers>
          <isin value="US36179Y5L43"/>
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        <balance>15162826.05000000</balance>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>DBSG 2024-ALTA Mortgage Trust</name>
        <lei>N/A</lei>
        <title>DBSG 2024-ALTA Mortgage Trust</title>
        <cusip>239918AC9</cusip>
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          <isin value="US239918AC92"/>
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        <balance>3015000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO SANTANDER MEXICO</name>
        <lei>SCRYQ25DTVRHYYMM6P89</lei>
        <title>Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand</title>
        <cusip>05969BAC7</cusip>
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        <balance>6900000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3138WJM96</cusip>
        <identifiers>
          <isin value="US3138WJM968"/>
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        <balance>582902.89000000</balance>
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        <valUSD>538535.72000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>VATTENFALL AB</name>
        <lei>549300T5RZ1HA5HZ3109</lei>
        <title>Vattenfall AB</title>
        <cusip>000000000</cusip>
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        <name>SLM Student Loan Trust</name>
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        <name>Freddie Mac</name>
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        <name>APA CORP</name>
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        <name>Government National Mortgage Association</name>
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        <name>Fannie Mae</name>
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        <name>Deephaven Residential Mortgage Trust</name>
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        <name>Freddie Mac</name>
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        <name>Cascade Funding Mortgage Trust</name>
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        <name>UBS GROUP AG</name>
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        <title>UBS Group AG</title>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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      <invstOrSec>
        <name>Credit Suisse Mortgage Trust</name>
        <lei>549300818AKCJ4Q9TD76</lei>
        <title>CSMC 2018-RPL9 Trust</title>
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      <invstOrSec>
        <name>COTY/HFC PRESTIGE/INT US</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTHERN CAL EDISON</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
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        <title>Ginnie Mae II Pool</title>
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          <isin value="US36179XDC74"/>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
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        <balance>44095571.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179W5B0</cusip>
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          <isin value="US36179W5B07"/>
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        <balance>27531481.93000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>ClickLease Equipment Receivables 2024-1 Trust</name>
        <lei>N/A</lei>
        <title>ClickLease Equipment Receivables 2024-1 Trust</title>
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          <isin value="US18682FAC77"/>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.40000000</annualizedRt>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DPG36</cusip>
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          <isin value="US3132DPG366"/>
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        <balance>23639470.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21485313.69000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Economy Assets Phase 1 Issuer LLC</name>
        <lei>N/A</lei>
        <title>New Economy Assets - Phase 1 Sponsor LLC</title>
        <cusip>643821AB7</cusip>
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          <isin value="US643821AB76"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2415518.63000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.41000000</annualizedRt>
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      <invstOrSec>
        <name>WULF COMPUTE LLC</name>
        <lei>N/A</lei>
        <title>WULF Compute LLC</title>
        <cusip>982911AA7</cusip>
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        <balance>6980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7391917.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>COTY/HFC PRESTIGE/INT US</name>
        <lei>N/A</lei>
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        <cusip>22207AAC6</cusip>
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        <curCd>USD</curCd>
        <valUSD>8130717.17000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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      <invstOrSec>
        <name>MARKET BIDCO FINCO PLC</name>
        <lei>549300UGYX6EBVHRVG53</lei>
        <title>Market Bidco Finco PLC</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
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        <name>ORACLE CORP</name>
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        <title>Oracle Corp</title>
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        <invCountry>US</invCountry>
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        <name>BANQUE OUEST AFRICAINE D</name>
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        <title>Banque Ouest Africaine de Developpement</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
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        <name>Cogent IPv4 LLC</name>
        <lei>N/A</lei>
        <title>Cogent Ipv4 LLC</title>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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        <balance>422141.92000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>ZEGONA FINANCE PLC</name>
        <lei>254900B3KC1SS7T2TE92</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3132D6D804"/>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
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      <invstOrSec>
        <name>ESC CB144A UNIFIN FINA</name>
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          <isin value="US904ESCAN04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-28</maturityDt>
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      <invstOrSec>
        <name>VERIZON COMMUNICATIONS</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SES SA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-12</maturityDt>
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      <invstOrSec>
        <name>Spain Government Bonds</name>
        <lei>9598007A56S18711AH60</lei>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-31</maturityDt>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
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        <name>COREBRIDGE GLOB FUNDING</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street SPDR Portfolio High Yield Bond ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC HOLDINGS PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>CONTACT ENERGY LTD</name>
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        <title>Contact Energy Ltd</title>
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        <name>Sweden Government Bonds</name>
        <lei>ERE94C0BSULG2RM19605</lei>
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        <name>VENTURE GLOBAL LNG INC</name>
        <lei>54930011XLBUWMQUC829</lei>
        <title>Venture Global LNG Inc</title>
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        <invCountry>US</invCountry>
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        <name>TELE COLUMBUS AG</name>
        <lei>3912004GMFDLY04RUQ19</lei>
        <title>Tele Columbus AG</title>
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        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-06</maturityDt>
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        <name>PERRIGO FINANCE UNLIMITD</name>
        <lei>549300E86RB6YCTMRM83</lei>
        <title>Perrigo Finance Unlimited Co</title>
        <cusip>714295AA0</cusip>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1216533.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <name>NEXI SPA</name>
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        <name>GEO GROUP INC/THE</name>
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        <name>Bank of New York Mellon</name>
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        <name>Towd Point Mortgage Trust</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>Fannie Mae</name>
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        <name>TERRAFORM POWER OPERATIN</name>
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        <name>AMER AIRLN 15-1 A PTT</name>
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        <name>United States Treasury</name>
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        <name>Telefonaktiebolaget LM Ericsson</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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      <invstOrSec>
        <name>Fannie Mae</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STORE Master Funding LLC</name>
        <lei>N/A</lei>
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          <isin value="US86212XAF78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MFRA Trust</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CBRE SERVICES INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-15</maturityDt>
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      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
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        <title>FREMF 2020-KF76 Mortgage Trust</title>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <title>Freddie Mac Pool</title>
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          <isin value="US3133A6ZT11"/>
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        <balance>1323917.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARTNERRE FINANCE B LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CONOCOPHILLIPS COMPANY</name>
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        <title>ConocoPhillips Co</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRITISH TELECOMMUNICATIO</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MACY'S RETAIL HLDGS LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418EJ50</cusip>
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        <issuerCat>USGSE</issuerCat>
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        <name>MARS INC</name>
        <lei>54930073HKEO6GZBSS03</lei>
        <title>Mars Inc</title>
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        <name>ICG US CLO Ltd</name>
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        <invCountry>KY</invCountry>
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        <name>VISTRA OPERATIONS CO LLC</name>
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        <name>Monroe Capital ABS Funding LTD</name>
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        <name>MNR ABS ISSUER I LLC</name>
        <lei>254900P5PAYARXBH9O74</lei>
        <title>MNR ABS ISSUER I LLC</title>
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        <name>United States Treasury</name>
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        <name>Fannie Mae</name>
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        <name>Fannie Mae</name>
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        <name>Woodward Capital Management</name>
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        <name>Fannie Mae</name>
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        <title>Fannie Mae Pool</title>
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        <name>CASTELLUM AB</name>
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        <name>Freddie Mac</name>
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        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>ESSENDI SA</name>
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        <name>Imperial Fund LLC</name>
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        <name>DELTA AIR LINES/SKYMILES</name>
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        <name>SFAVE Commercial Mortgage Securities Trust</name>
        <lei>549300FIGODFFTOAAU64</lei>
        <title>SFAVE Commercial Mortgage Securities Trust 2015-5AVE</title>
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        <balance>5445000.00000000</balance>
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          <maturityDt>2043-01-05</maturityDt>
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        <name>Freddie Mac Whole Loan Securities Trust</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Whole Loan Securities Trust 2015-SC01</title>
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        <balance>89592.57000000</balance>
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        <name>ALA Trust</name>
        <lei>N/A</lei>
        <title>ALA Trust 2025-OANA</title>
        <cusip>009920AA7</cusip>
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          <isin value="US009920AA71"/>
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        <balance>5000000.00000000</balance>
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        <name>VMED O2 UK FINANCING I</name>
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      <invstOrSec>
        <name>SDAL Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FNDG LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FIGRE Trust</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBS GROUP AG</name>
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      <invstOrSec>
        <name>ATHENE GLOBAL FUNDING</name>
        <lei>549300LM1QSI4MSIL320</lei>
        <title>Athene Global Funding</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>31418EZL7</cusip>
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          <isin value="US31418EZL72"/>
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        <balance>13373847.48000000</balance>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
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      <invstOrSec>
        <name>LADDER CAP FIN LLLP/CORP</name>
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        <name>PIEDMONT OPERATING PARTN</name>
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        <name>SOUTHERN CAL EDISON</name>
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        <title>Southern California Edison Co</title>
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        <fairValLevel>2</fairValLevel>
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        <name>FRESSNAPF HOLDING SE</name>
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        <title>Fressnapf Holding SE</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Woodward Capital Management</name>
        <lei>2549002LEW4WNQBOMB89</lei>
        <title>RCKT Mortgage Trust 2023-CES2</title>
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        <name>Commonwealth Financing Authority</name>
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        <name>UPBOUND GROUP INC</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group Inc</title>
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        <name>Springcastle SPV</name>
        <lei>N/A</lei>
        <title>SpringCastle America Funding LLC</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3132DM5R2</cusip>
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        <balance>10009303.79000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury</name>
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      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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          <isin value="US912810RB61"/>
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        <balance>45210000.00000000</balance>
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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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          <maturityDt>2043-05-15</maturityDt>
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      <invstOrSec>
        <name>Nothing Bundt Cakes</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WINGSTOP FUNDING LLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
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          <isin value="US3132DWNG41"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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      <invstOrSec>
        <name>EUROPEAN UNION</name>
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        <title>European Union</title>
        <cusip>000000000</cusip>
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          <isin value="EU000A4D5QM6"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-04</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Five Guys Funding, LLC</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179XFH4</cusip>
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          <isin value="US36179XFH44"/>
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        <balance>5980526.80000000</balance>
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        <issuerCat>USGA</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
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      <invstOrSec>
        <name>FIGRE Trust</name>
        <lei>N/A</lei>
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          <isin value="US31684FAA21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-25</maturityDt>
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      <invstOrSec>
        <name>FannieMae Whole Loan</name>
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        <title>Fannie Mae REMIC Trust 2003-W14</title>
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        <balance>82496.63000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-25</maturityDt>
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      <invstOrSec>
        <name>FannieMae Whole Loan</name>
        <lei>5493006KCWOV61WOTM60</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
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        <name>United States Treasury</name>
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        <title>U.S. Treasury Notes</title>
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        <name>Bunker Hill Loan Depositary Trust</name>
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      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140XPN39</cusip>
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      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810UD8</cusip>
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      <invstOrSec>
        <name>MATTEL INC</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>Mattel Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>ARES FINANCE CO II LLC</name>
        <lei>54930012GWL4VKKENG46</lei>
        <title>Ares Finance Co II LLC</title>
        <cusip>04015KAB6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>ENTERGY MISSISSIPPI LLC</name>
        <lei>54930043I78H35DVVW89</lei>
        <title>Entergy Mississippi LLC</title>
        <cusip>29366WAG1</cusip>
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      <invstOrSec>
        <name>NYKREDIT REALKREDIT A/S</name>
        <lei>LIU16F6VZJSD6UKHD557</lei>
        <title>Nykredit Realkredit A/S</title>
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        <invCountry>DK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>46647PCJ3</cusip>
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          <isin value="US46647PCJ30"/>
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        <balance>16465000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALEXANDRIA REAL ESTATE E</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities Inc</title>
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          <isin value="US015271BB48"/>
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        <balance>7870000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>36179WY85</cusip>
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          <isin value="US36179WY855"/>
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        <balance>28725210.95000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>AKER BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2341269970"/>
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        <balance>1200000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Zayo Issuer LLC</name>
        <lei>N/A</lei>
        <title>Zayo Issuer LLC</title>
        <cusip>98919WAG8</cusip>
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          <isin value="US98919WAG87"/>
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        <balance>3640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3755509.94000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>CRSO TR 2023 BRND</name>
        <lei>N/A</lei>
        <title>CRSO TR 2023 BRND</title>
        <cusip>228925AA1</cusip>
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          <isin value="US228925AA15"/>
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        <balance>17995000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-10</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>TRINIDAD &amp; TOBAGO</name>
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        <title>Trinidad &amp; Tobago Government International Bond</title>
        <cusip>896292AN9</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SMBC AVIATION CAPITAL FI</name>
        <lei>549300OD7VKRVNWB2J98</lei>
        <title>SMBC Aviation Capital Finance DAC</title>
        <cusip>78448TAP7</cusip>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DUFRY ONE BV</name>
        <lei>7245003K5MN9U7XW0808</lei>
        <title>Dufry One BV</title>
        <cusip>000000000</cusip>
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          <isin value="XS3037720227"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CCAS LLC</name>
        <lei>N/A</lei>
        <title>CCAS 2024-1 LLC</title>
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          <isin value="US12516NAD30"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Gracie Point International Funding</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TPG Real Estate Finance</name>
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        <title>TRTX 2025-FL6 Issuer Ltd</title>
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          <isin value="US897764AA45"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>KY</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JP Morgan Mortgage Trust</name>
        <lei>529900371ZWA9WXVGB88</lei>
        <title>JP Morgan Mortgage Trust 2020-1</title>
        <cusip>46651XBH4</cusip>
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          <isin value="US46651XBH44"/>
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        <balance>926791.81000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>GCAT</name>
        <lei>N/A</lei>
        <title>GCAT 2022-NQM3 Trust</title>
        <cusip>36168MAA1</cusip>
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          <isin value="US36168MAA18"/>
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        <balance>942621.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939646.92000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REYNOLDS AMERICAN INC</name>
        <lei>02S2RPPVO9RP4NEU2740</lei>
        <title>Reynolds American Inc</title>
        <cusip>761713BW5</cusip>
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          <maturityDt>2070-01-27</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.78000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140KEHY7</cusip>
        <identifiers>
          <isin value="US3140KEHY73"/>
        </identifiers>
        <balance>1365690.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1246138.70000000</valUSD>
        <pctVal>0.011504432403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool</title>
        <cusip>3133KPGK8</cusip>
        <identifiers>
          <isin value="US3133KPGK84"/>
        </identifiers>
        <balance>84897.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80312.70000000</valUSD>
        <pctVal>0.000741451997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIGRE Trust</name>
        <lei>N/A</lei>
        <title>FIGRE Trust 2023-HE1</title>
        <cusip>302455AA8</cusip>
        <identifiers>
          <isin value="US302455AA81"/>
        </identifiers>
        <balance>7898865.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8027832.10000000</valUSD>
        <pctVal>0.074113460836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMBS, TBA</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage-Backed Security, TBA</title>
        <cusip>01F030637</cusip>
        <identifiers>
          <isin value="US01F0306377"/>
        </identifiers>
        <balance>10650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9629603.16000000</valUSD>
        <pctVal>0.088901113997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROVINCE OF SANTA FE</name>
        <lei>N/A</lei>
        <title>Province of Santa Fe</title>
        <cusip>74409AAE9</cusip>
        <identifiers>
          <isin value="US74409AAE91"/>
        </identifiers>
        <balance>12580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12296950.00000000</valUSD>
        <pctVal>0.113526231102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SFAVE Commercial Mortgage Securities Trust</name>
        <lei>549300FIGODFFTOAAU64</lei>
        <title>SFAVE Commercial Mortgage Securities Trust 2015-5AVE</title>
        <cusip>78413MAQ1</cusip>
        <identifiers>
          <isin value="US78413MAQ15"/>
        </identifiers>
        <balance>3377000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2628752.03000000</valUSD>
        <pctVal>0.024268807343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.39000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae I Pool</title>
        <cusip>36211LLA8</cusip>
        <identifiers>
          <isin value="US36211LLA88"/>
        </identifiers>
        <balance>82.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84.64000000</valUSD>
        <pctVal>0.000000781401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fannie Mae</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool</title>
        <cusip>3140XGZN2</cusip>
        <identifiers>
          <isin value="US3140XGZN28"/>
        </identifiers>
        <balance>9149389.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7960080.25000000</valUSD>
        <pctVal>0.073487971412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWESTERN MUTUAL LIFE</name>
        <lei>1DU7IM20QESYGDO4HO54</lei>
        <title>Northwestern Mutual Life Insurance Co/The</title>
        <cusip>668138AE0</cusip>
        <identifiers>
          <isin value="US668138AE03"/>
        </identifiers>
        <balance>18575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13300872.45000000</valUSD>
        <pctVal>0.122794507550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oak Street Investment Grade Net Lease Fund</name>
        <lei>N/A</lei>
        <title>Oak Street Investment Grade Net Lease Fund Series 2020-1</title>
        <cusip>67181DAE1</cusip>
        <identifiers>
          <isin value="US67181DAE13"/>
        </identifiers>
        <balance>5348250.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3589990.88000000</valUSD>
        <pctVal>0.033143026059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.39000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shellpoint Co-Originator Trust</name>
        <lei>N/A</lei>
        <title>Shellpoint Co-Originator Trust 2016-1</title>
        <cusip>82281EBY2</cusip>
        <identifiers>
          <isin value="US82281EBY23"/>
        </identifiers>
        <balance>3680925.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3495257.57000000</valUSD>
        <pctVal>0.032268442065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.58000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westlake Corp.</name>
        <lei>GOXNEVUM0LL78B1OS344</lei>
        <title>Westlake Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XS2028104037"/>
        </identifiers>
        <balance>2750000.00000000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631000"/>
        <valUSD>3105410.61000000</valUSD>
        <pctVal>0.028669349926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.63000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool</title>
        <cusip>3618N5A33</cusip>
        <identifiers>
          <isin value="US3618N5A332"/>
        </identifiers>
        <balance>158776300.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159551530.49000000</valUSD>
        <pctVal>1.472989962807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>ALLSPRING FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Jeremy DePalma</ncom:signature>
      <ncom:signerName>Jeremy DePalma</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
