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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>TOPAZ SOLAR FARMS LLC</name>
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      <invstOrSec>
        <name>City of Oakland CA</name>
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      <invstOrSec>
        <name>Morgan Stanley Private Bank NA</name>
        <lei>549300GS0W0TEUQS8571</lei>
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          <isin value="US61776NZW63"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-19</maturityDt>
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          <annualizedRt>4.46500000</annualizedRt>
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        <name>EXPORT DEVELOPMNT CANADA</name>
        <lei>Z6MHCSLXHKYG4B6PHW02</lei>
        <title>Export Development Canada</title>
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          <isin value="US30216BJW37"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-14</maturityDt>
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          <annualizedRt>3.87500000</annualizedRt>
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        <name>International Finance Facility for Immunisation Co</name>
        <lei>549300ILK2NRULX3HX87</lei>
        <title>International Finance Facility for Immunisation Co</title>
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          <isin value="XS2926256186"/>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-29</maturityDt>
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        <name>Starwood Commercial Mortgage T</name>
        <lei>N/A</lei>
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          <isin value="US78486EAL20"/>
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        <balance>270000.00000000</balance>
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        <assetCat>ABS-MBS</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
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          <annualizedRt>5.69500000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052AEL6</cusip>
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          <isin value="US04052AEL61"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>998474.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>4.70900000</annualizedRt>
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        <name>Town of Erie CO</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>469216.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Canadian Imperial Bank of Commerce</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
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        <balance>2500000.00000000</balance>
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        <valUSD>2501008.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-26</maturityDt>
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        <name>VERIZON COMMUNICATIONS</name>
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        <name>NY STATE ELECTRIC &amp; GAS</name>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>Switch ABS Issuer LLC</name>
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        <name>Inter-American Development Bank</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>Inter-American Development Bank</title>
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        <name>DEERFIELD IL</name>
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        <name>SLG Office Trust 2026-OMA</name>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>KEB Hana Bank</name>
        <lei>6RPK2YDJN6L35AS0M510</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Capital Impact Partners</name>
        <lei>N/A</lei>
        <title>Capital Impact Partners</title>
        <cusip>140192AA3</cusip>
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          <isin value="US140192AA34"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505488.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.33500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INT DEVELOPMENT FIN CORP</name>
        <lei>254900QI8QTIK0FY6E92</lei>
        <title>United States International Development Finance Corp</title>
        <cusip>90376PAX9</cusip>
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          <isin value="US90376PAX96"/>
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        <balance>108852.47000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102388.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOW INCOME INVESTMENT</name>
        <lei>N/A</lei>
        <title>Low Income Investment Fund</title>
        <cusip>54750AAB2</cusip>
        <identifiers>
          <isin value="US54750AAB26"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>718588.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.71100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Asian Infrastructure Investment Bank/The</name>
        <lei>25490065OSV2524LCR32</lei>
        <title>Asian Infrastructure Investment Bank</title>
        <cusip>YV2856123</cusip>
        <identifiers>
          <isin value="XS2615318362"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1099853.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Helios Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Sunnova Helios VII Issuer LLC</title>
        <cusip>86745RAA7</cusip>
        <identifiers>
          <isin value="US86745RAA77"/>
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        <balance>169797.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140497.96000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note</title>
        <cusip>91282CQY0</cusip>
        <identifiers>
          <isin value="US91282CQY02"/>
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        <balance>42037000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42015653.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>YMCA of Greater New York</name>
        <lei>N/A</lei>
        <title>YMCA of Greater New York</title>
        <cusip>98425BAX4</cusip>
        <identifiers>
          <isin value="US98425BAX47"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495125.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.18400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas S.A.</title>
        <cusip>09659W3G7</cusip>
        <identifiers>
          <isin value="US09659W3G73"/>
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        <balance>1825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1824747.66000000</valUSD>
        <pctVal>0.417390261657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.89200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metropolitan Life Global Funding I</name>
        <lei>635400MMSOCXNNNZDZ82</lei>
        <title>Metropolitan Life Global Funding I</title>
        <cusip>59217GFB0</cusip>
        <identifiers>
          <isin value="US59217GFB05"/>
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        <balance>4607000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4616453.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIAGARA MOHAWK POWER</name>
        <lei>3T97Y9RR5EN5Y18QHB56</lei>
        <title>Niagara Mohawk Power Corp</title>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1351487.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.96000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Mosaic Solar Loans LLC</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust</title>
        <cusip>61946TAC9</cusip>
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          <isin value="US61946TAC99"/>
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        <balance>203593.70000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112911.21000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.77000000</annualizedRt>
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      <invstOrSec>
        <name>PRIVATE EXPORT FUNDING</name>
        <lei>CYQE6SAYPFKNQJ6FMH60</lei>
        <title>Private Export Funding Corp</title>
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          <isin value="US742651DZ21"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497824.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC SERVICE COLORADO</name>
        <lei>5BANEF6PGSEK0SNMQF44</lei>
        <title>Public Service Co of Colorado</title>
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          <isin value="US744448CP44"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246579.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>INTERSTATE POWER &amp; LIGHT</name>
        <lei>EF9UQIIO4KY2BWOK3P26</lei>
        <title>Interstate Power and Light Co</title>
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          <isin value="US461070AQ74"/>
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        <balance>2805000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>BX Commercial Mortgage Trust 2026-AHP</name>
        <lei>N/A</lei>
        <title>BX Commercial Mortgage Trust</title>
        <cusip>05620QAC5</cusip>
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          <isin value="US05620QAC50"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Hertz Vehicle Financing LLC</name>
        <lei>549300MNOMKDMDFI8J66</lei>
        <title>Hertz Vehicle Financing III LLC</title>
        <cusip>42806MBW8</cusip>
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          <isin value="US42806MBW82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506063.25000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-25</maturityDt>
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          <annualizedRt>5.57000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Montgomery County Housing Opportunities Commission</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>Montgomery County Housing Opportunities Commission</title>
        <cusip>61335AAB1</cusip>
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          <isin value="US61335AAB17"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250218.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35200000</annualizedRt>
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      <invstOrSec>
        <name>COMMUNITY PRESERVATION C</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mosaic Solar Loans LLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052AEK88"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>BPCE SA</name>
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          <isin value="US05583JAK88"/>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-19</maturityDt>
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          <annualizedRt>2.04500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KFW</name>
        <lei>549300GDPG70E3MBBU98</lei>
        <title>Kreditanstalt fuer Wiederaufbau</title>
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          <isin value="US500769JQ84"/>
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        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>Citibank NA</name>
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          <isin value="US17325FBL13"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-19</maturityDt>
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      <invstOrSec>
        <name>New York State Energy Research &amp; Development Authority</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Consumers 2023 Securitization Funding LLC</name>
        <lei>N/A</lei>
        <title>Consumers 2023 Securitization Funding LLC</title>
        <cusip>21071BAA3</cusip>
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          <isin value="US21071BAA35"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
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      <invstOrSec>
        <name>Sysco Corp</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-23</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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        <name>THIRAX 1 LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Asian Infrastructure Investment Bank/The</name>
        <lei>25490065OSV2524LCR32</lei>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

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        <name>Abu Dhabi Future Energy Co Pjsc Masdar</name>
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        <invCountry>AE</invCountry>

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        <name>Natixis Commercial Mortgage Se</name>
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        <name>Council Of Europe Development Bank</name>
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        <name>LEX Trust 2026-450</name>
        <lei>N/A</lei>
        <title>LEX Trust</title>
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        <name>CIF Capital Markets Mechanism PLC</name>
        <lei>21380087AGD9RSA4SK17</lei>
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        <invCountry>GB</invCountry>

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        <name>Tesla Auto Lease Trust 2024-B</name>
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        <name>STWD 2021-LIH Mortgage Trust</name>
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        <name>Caisse d'Amortissement de la Dette Sociale</name>
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        <name>Inter-American Development Bank</name>
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        <name>HERO Funding Trust</name>
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        <name>Tesla Sustainable Energy Trust 2024-1</name>
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        <name>Starwood Commercial Mortgage T</name>
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        <name>Morgan Stanley Private Bank NA</name>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASIAN DEVELOPMENT BANK</name>
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        <name>INTERSTATE POWER &amp; LIGHT</name>
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        <name>Nature Conservancy/The</name>
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        <name>International Finance Corp</name>
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        <name>Korea Electric Power Corp</name>
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        <name>Skandinaviska Enskilda Banken AB</name>
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        <name>Credit Agricole Corporate &amp; Investment Bank SA</name>
        <lei>1VUV7VQFKUOQSJ21A208</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-25</maturityDt>
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      <invstOrSec>
        <name>New York State Energy Research &amp; Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US64985VBP04"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL RURAL UTIL COOP</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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      <invstOrSec>
        <name>International Development Association</name>
        <lei>P41R60HC414IWQA1XW02</lei>
        <title>International Development Association</title>
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          <isin value="XS2187525196"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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      <invstOrSec>
        <name>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-30</maturityDt>
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          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
        <cusip>46246JNP6</cusip>
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          <isin value="US46246JNP65"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>TUCSON ELECTRIC POWER CO</name>
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        <title>Tucson Electric Power Co</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust 2024-A</name>
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        <valUSD>26151.03000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-21</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>Air Canada 2015-1 Class A Pass Through Trust</name>
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        <title>Air Canada 2015-1 Class A Pass Through Trust</title>
        <cusip>009090AA9</cusip>
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          <isin value="US009090AA91"/>
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        <curCd>USD</curCd>
        <valUSD>723143.28000000</valUSD>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>TerraForm Power Operating LLC</name>
        <lei>5493000S2OLR3UT5BE13</lei>
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        <curCd>USD</curCd>
        <valUSD>5074042.28000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Mitsui Trust Bank Ltd</name>
        <lei>5493006GGLR4BTEL8O61</lei>
        <title>Sumitomo Mitsui Trust Bank Ltd</title>
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        <balance>5000000.00000000</balance>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-10</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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        <name>AVALONBAY COMMUNITIES</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.90000000</annualizedRt>
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        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>BX Commercial Mortgage Trust 2026-AHP</name>
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        <name>AIR CANADA 2017-1AA PTT</name>
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        <title>Air Canada Pass Through Trust</title>
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        <name>National Fuel Gas Co</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
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        <name>International Bank for Reconstruction &amp; Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>International Bank for Reconstruction &amp; Development</title>
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        <invCountry>N/A</invCountry>

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        <name>California Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance Agency</title>
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        <name>Inter-American Development Bank</name>
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        <name>Natixis Commercial Mortgage Se</name>
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        <name>Fannie Mae - CAS</name>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <name>Japan Bank for International Cooperation</name>
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        <name>WLB ASSET II D</name>
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        <name>Unilever Capital Corp</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PFIZER INC</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
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        <curCd>USD</curCd>
        <valUSD>3270708.77000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>Bridge Housing Corp</name>
        <lei>N/A</lei>
        <title>Bridge Housing Corp</title>
        <cusip>10806CAA6</cusip>
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          <isin value="US10806CAA62"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2307677.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>PHARR TX ECON DEV CORP SALES T</name>
        <lei>N/A</lei>
        <title>Pharr Economic Development Corp</title>
        <cusip>717185AB8</cusip>
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          <isin value="US717185AB86"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249629.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.01600000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DUKE ENERGY CAROLINAS</name>
        <lei>MWIUSDMN17TCR56VW396</lei>
        <title>Duke Energy Carolinas LLC</title>
        <cusip>26442CAX2</cusip>
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          <isin value="US26442CAX20"/>
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        <balance>2687000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2656226.84000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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      <invstOrSec>
        <name>USAA CAPITAL CORP</name>
        <lei>5493007XLF4LU3U2W757</lei>
        <title>USAA Capital Corp</title>
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          <isin value="US90327QD552"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1825461.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>2.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABN AMRO BANK NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV</title>
        <cusip>00084DAW0</cusip>
        <identifiers>
          <isin value="US00084DAW02"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2367385.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.47000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRINCIPAL LFE GLB FND II</name>
        <lei>635400WSLKBQWSOIIT41</lei>
        <title>Principal Life Global Funding II</title>
        <cusip>74256LEP0</cusip>
        <identifiers>
          <isin value="US74256LEP04"/>
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        <balance>4800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4782423.84000000</valUSD>
        <pctVal>1.093925029576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New Orleans LA</name>
        <lei>54930084B6KHR5PR2651</lei>
        <title>City of New Orleans LA</title>
        <cusip>64763FM48</cusip>
        <identifiers>
          <isin value="US64763FM489"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1499300.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority</title>
        <cusip>917567GA1</cusip>
        <identifiers>
          <isin value="US917567GA10"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395143.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.41100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
        <title>Morgan Stanley Bank NA</title>
        <cusip>61690U8B9</cusip>
        <identifiers>
          <isin value="US61690U8B93"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554611.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central American Bank for Economic Integration</name>
        <lei>549300OLDAMXBPSHIC05</lei>
        <title>Central American Bank for Economic Integration</title>
        <cusip>15238PAL0</cusip>
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          <isin value="US15238PAL04"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1329339.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT WAYNE IN ECON DEV SOLID W</name>
        <lei>N/A</lei>
        <title>City of Fort Wayne IN</title>
        <cusip>34924CAB1</cusip>
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        <balance>117178.92000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11.72000000</valUSD>
        <pctVal>0.000002680816</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHI Commercial Mortgage Trust 2025-SFT</name>
        <lei>N/A</lei>
        <title>CHI Commercial Mortgage Trust</title>
        <cusip>16706GAC1</cusip>
        <identifiers>
          <isin value="US16706GAC15"/>
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        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7521.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.31000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Canadian National Railway Co</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>Canadian National Railway Co</title>
        <cusip>136375DX7</cusip>
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          <isin value="US136375DX72"/>
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        <balance>2475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2459300.01000000</valUSD>
        <pctVal>0.562536890535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hudson Yards</name>
        <lei>N/A</lei>
        <title>Hudson Yards Mortgage Trust</title>
        <cusip>44421GAL7</cusip>
        <identifiers>
          <isin value="US44421GAL77"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455769.10000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-10</maturityDt>
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          <annualizedRt>3.55789700</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Avenue Securities Trust 2023-R06</name>
        <lei>N/A</lei>
        <title>Connecticut Avenue Securities Trust</title>
        <cusip>20754EAB1</cusip>
        <identifiers>
          <isin value="US20754EAB11"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30698.44000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-25</maturityDt>
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          <annualizedRt>6.32776000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States Treasury Note/Bond</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note</title>
        <cusip>91282CQA2</cusip>
        <identifiers>
          <isin value="US91282CQA26"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270445.31000000</valUSD>
        <pctVal>0.061861287003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE STR NAVIGATOR SECS L TR</name>
        <lei>N/A</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>857509301</cusip>
        <identifiers>
          <isin value="US8575093013"/>
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        <balance>2860655.62000000</balance>
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        <name>International Finance Facility for Immunisation Co</name>
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        <name>GoodLeap Sustainable Home Impr</name>
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        <name>Royal Bank of Canada</name>
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        <name>BNG Bank NV</name>
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        <name>WARM SPRINGS OR RESERVATION CO</name>
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        <name>ARAB PETROLEUM INVST</name>
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        <name>LIBERTY UTILITIES FIN</name>
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        <name>California State Public Works Board</name>
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        <name>JAPAN INT'L COOP AGENCY</name>
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        <name>DTE ELECTRIC CO</name>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>Air Canada 2015-2 Class AA Pass Through Trust</name>
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        <name>GoodLeap Sustainable Home Impr</name>
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        <name>International Finance Corp</name>
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        <name>AES CORP/THE</name>
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        <name>Comision Federal de Electricidad</name>
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        <name>Iowa Finance Authority</name>
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        <name>International Development Association</name>
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        <name>African Development Bank</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Columbus Metropolitan Housing Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIR CANADA 2020-2A PTT</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAC Trust 2025-801B</name>
        <lei>N/A</lei>
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        <name>Inter-American Development Bank</name>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BX Trust</name>
        <lei>N/A</lei>
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        <cusip>05610FAB3</cusip>
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          <isin value="US05610FAB31"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>United States Treasury Note/Bond</name>
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        <issuerCat>UST</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>EOG Resources Inc</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
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          <isin value="US26875PBB67"/>
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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>4.40000000</annualizedRt>
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        <name>INTL BK RECON &amp; DEVELOP</name>
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        <title>International Bank for Reconstruction &amp; Development</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Helios Issuer, LLC</name>
        <lei>N/A</lei>
        <title>Sunnova Helios VIII Issuer LLC</title>
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          <isin value="US86745AAA43"/>
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        <curCd>USD</curCd>
        <valUSD>185735.35000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-22</maturityDt>
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          <annualizedRt>2.79000000</annualizedRt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ContourGlobal Power Holdings SA</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley Bank NA</name>
        <lei>G1MLHIS0N32I3QPILB75</lei>
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        <name>EUROPEAN INVESTMENT BANK</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

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        <name>International Development Association</name>
        <lei>P41R60HC414IWQA1XW02</lei>
        <title>International Development Association</title>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

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        <name>PHILADELPHIA PA ENERGY AUTH</name>
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        <title>Philadelphia Energy Authority</title>
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        <issuerCat>MUN</issuerCat>
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        <name>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
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        <invCountry>CA</invCountry>

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        <name>Bank of Montreal</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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        <name>PG&amp;E Recovery Funding LLC</name>
        <lei>N/A</lei>
        <title>PG&amp;E Recovery Funding LLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California Buyer Ltd / Atlantica Sustainable Infrastructure PLC</name>
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        <name>APPLE INC</name>
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        <name>HERO Funding Trust</name>
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        <name>COMM Mortgage Trust</name>
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        <name>FIFTH THIRD BANCORP</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>LG CHEM LTD</name>
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        <invCountry>KR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Puget Energy Inc</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Bank of America Corp</name>
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        <name>City of North Platte NE Combined Utilities Revenue</name>
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        <issuerCat>MUN</issuerCat>
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        <name>WULF Compute LLC</name>
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        <name>Asian Infrastructure Investment Bank/The</name>
        <lei>25490065OSV2524LCR32</lei>
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        <name>Bank of Nova Scotia/The</name>
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        <name>Canada Government International Bond</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>INTER-AMERICAN INVEST CO</name>
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        <name>DELTA AIR LINES 2020-A</name>
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        <name>Hanwha Q Cells Americas Holdings Corp</name>
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        <name>ALEN 2021-ACEN Mortgage Trust</name>
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        <name>SCE RECOVERY FUNDING LLC</name>
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        <name>Jersey City Redevelopment Agency</name>
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        <name>Deutsche Bank AG/New York NY</name>
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        <name>Starwood Commercial Mortgage T</name>
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        <name>NYC Commercial Mortgage Trust</name>
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        <name>Federation des Caisses Desjardins du Quebec</name>
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        <name>Fannie Mae - CAS</name>
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        <name>SAN DIEGO G &amp; E</name>
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        <name>Hidalgo County Drain District No 1</name>
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        <name>BNG BANK NV</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centersquare Issuer LLC</name>
        <lei>N/A</lei>
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          <isin value="US15201EAD67"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>EUROPEAN INVESTMENT BANK</name>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Helios Issuer, LLC</name>
        <lei>N/A</lei>
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          <isin value="US86745YAA29"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-22</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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      <invstOrSec>
        <name>Mosaic Solar Loans LLC</name>
        <lei>N/A</lei>
        <title>Mosaic Solar Loan Trust</title>
        <cusip>61946TAA3</cusip>
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          <isin value="US61946TAA34"/>
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        <balance>216946.94000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179339.80000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-20</maturityDt>
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          <annualizedRt>1.44000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Green Bank</name>
        <lei>N/A</lei>
        <title>Connecticut Green Bank</title>
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          <isin value="US207580BH33"/>
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        <curCd>USD</curCd>
        <valUSD>389839.41000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CPT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>Century Plaza Towers</title>
        <cusip>12654YAA7</cusip>
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          <isin value="US12654YAA73"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.86500000</annualizedRt>
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      <invstOrSec>
        <name>INTL BK RECON &amp; DEVELOP</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>International Bank for Reconstruction &amp; Development</title>
        <cusip>459058KR3</cusip>
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          <isin value="US459058KR30"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Denver City &amp; County Housing Authority</name>
        <lei>N/A</lei>
        <title>Denver City &amp; County Housing Authority</title>
        <cusip>24917QBQ6</cusip>
        <identifiers>
          <isin value="US24917QBQ64"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>498553.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>HONDA MOTOR CO LTD</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>Honda Motor Co Ltd</title>
        <cusip>438127AB8</cusip>
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          <isin value="US438127AB80"/>
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        <balance>1254000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1237447.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-10</maturityDt>
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          <annualizedRt>2.53400000</annualizedRt>
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        <name>NTT Finance Corp</name>
        <lei>3538007PR116187GD960</lei>
        <title>NTT Finance Corp</title>
        <cusip>62954WAK1</cusip>
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        <balance>3480000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2027-07-27</maturityDt>
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        <name>Clearinghouse Community Development Financial Institution</name>
        <lei>N/A</lei>
        <title>Clearinghouse Community Development Financial Institution</title>
        <cusip>184917AA0</cusip>
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        <name>Barclays Commercial Mortgage S</name>
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        <title>BBCMS Trust</title>
        <cusip>05547HAC5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>WLB Asset VII Pte Ltd</name>
        <lei>254900606PGU4UDQPS56</lei>
        <title>WLB Asset VII Pte Ltd</title>
        <cusip>YM4883695</cusip>
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          <isin value="XS2959286118"/>
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        <invCountry>MU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Southern California Edison Co</name>
        <lei>9R1Z5I36FERIBVKW4P77</lei>
        <title>Southern California Edison Co</title>
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        <balance>275000.00000000</balance>
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        <name>INTER-AMERICAN DEVEL BK</name>
        <lei>VKU1UKDS9E7LYLMACP54</lei>
        <title>Inter-American Development Bank</title>
        <cusip>4581X0EB0</cusip>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

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          <maturityDt>2027-01-13</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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        <name>Centersquare Issuer LLC</name>
        <lei>N/A</lei>
        <title>Centersquare Issuer LLC</title>
        <cusip>15201EAK0</cusip>
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        <balance>1500000.00000000</balance>
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        <name>International Finance Corp</name>
        <lei>QKL54NQY28TCDAI75F60</lei>
        <title>International Finance Corp</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Zions Bancorp NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>National Fuel Gas Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agence Francaise de Developpement EPIC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SOLAR STAR FUNDING LLC</name>
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        <name>California Housing Finance Agency</name>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>INTER-AMERICAN DEVEL BK</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-23</maturityDt>
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        <name>New York City Housing Development Corp</name>
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          <maturityDt>2030-02-01</maturityDt>
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        <name>Connecticut Light and Power Co/The</name>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>Switch ABS Issuer LLC</name>
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        <name>Illinois Finance Authority</name>
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        <name>Redevelopment Authority of the City of Philadelphia</name>
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        <name>M&amp;T Bank Corp</name>
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        <name>Natixis Commercial Mortgage Se</name>
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        <name>International Development Association</name>
        <lei>P41R60HC414IWQA1XW02</lei>
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        <name>CHI Commercial Mortgage Trust 2025-SFT</name>
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        <name>CALIFORNIA ST EARTHQUAKE AUTH</name>
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        <name>Corp Andina de Fomento</name>
        <lei>UKZ46SXGNYCZK0UOZE76</lei>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63609FAD1</cusip>
        <identifiers>
          <isin value="US63609FAD15"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
        <pctVal>0.228738620033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.97000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER OP LLC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>Welltower OP LLC</title>
        <cusip>95040QAK0</cusip>
        <identifiers>
          <isin value="US95040QAK04"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4950951.20000000</valUSD>
        <pctVal>1.132473745341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</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>DELTA AIR LINES 2020-AA</name>
        <lei>N/A</lei>
        <title>Delta Air Lines Pass Through Trust</title>
        <cusip>247361ZV3</cusip>
        <identifiers>
          <isin value="US247361ZV38"/>
        </identifiers>
        <balance>2125698.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2052389.65000000</valUSD>
        <pctVal>0.469460776312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>City of Oakland CA</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland CA</title>
        <cusip>672240ZK7</cusip>
        <identifiers>
          <isin value="US672240ZK78"/>
        </identifiers>
        <balance>545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539694.21000000</valUSD>
        <pctVal>0.123448908835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.17600000</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>Constellation Renewables LLC</name>
        <lei>5493004JBPWTPTK8LB51</lei>
        <title>Constellation Renewables, LLC, Term Loan</title>
        <cusip>30204KAD8</cusip>
        <identifiers>
          <isin value="US30204KAD81"/>
        </identifiers>
        <balance>1314330.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1312963.42000000</valUSD>
        <pctVal>0.300325440845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.66578000</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>DELTA AIR LINES 2015-1AA</name>
        <lei>N/A</lei>
        <title>Delta Air Lines Pass Through Trust</title>
        <cusip>24736XAA6</cusip>
        <identifiers>
          <isin value="US24736XAA63"/>
        </identifiers>
        <balance>1388843.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1371261.36000000</valUSD>
        <pctVal>0.313660431191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</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>Trinity Rail Leasing 2025 LLC</name>
        <lei>N/A</lei>
        <title>Trinity Rail Leasing 2025 LLC</title>
        <cusip>89657MAA8</cusip>
        <identifiers>
          <isin value="US89657MAA80"/>
        </identifiers>
        <balance>489222.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>485740.03000000</valUSD>
        <pctVal>0.111107504157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.09000000</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>MIDAMERICAN ENERGY CO</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co</title>
        <cusip>595620AQ8</cusip>
        <identifiers>
          <isin value="US595620AQ82"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1981649.64000000</valUSD>
        <pctVal>0.453279804043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</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>Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC</name>
        <lei>N/A</lei>
        <title>Ardagh Metal Packaging Finance USA LLC</title>
        <cusip>03969YAD0</cusip>
        <identifiers>
          <isin value="US03969YAD04"/>
        </identifiers>
        <balance>1280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1294324.81000000</valUSD>
        <pctVal>0.296062070914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1280940.80000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLG Office Trust</name>
        <lei>N/A</lei>
        <title>SLG Office Trust</title>
        <cusip>78449RAC9</cusip>
        <identifiers>
          <isin value="US78449RAC97"/>
        </identifiers>
        <balance>27382754.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280571.91000000</valUSD>
        <pctVal>0.064177631513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.25799900</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>Renew Financial</name>
        <lei>N/A</lei>
        <title>Renew</title>
        <cusip>75973LAA6</cusip>
        <identifiers>
          <isin value="US75973LAA61"/>
        </identifiers>
        <balance>20461.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18803.67000000</valUSD>
        <pctVal>0.004301125527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67000000</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>ARAB PETROLEUM INVST</name>
        <lei>213800A54KIUYH5YD185</lei>
        <title>Arab Petroleum Investments Corp</title>
        <cusip>03845EAC6</cusip>
        <identifiers>
          <isin value="US03845EAC66"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1487472.00000000</valUSD>
        <pctVal>0.340242292618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.48300000</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>Intesa Sanpaolo SpA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo S.p.A</title>
        <cusip>46115HCG0</cusip>
        <identifiers>
          <isin value="US46115HCG02"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4004719.88000000</valUSD>
        <pctVal>0.916034098971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-29</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="Effective August 1, 2026, Nuveen Short Duration Impact Bond Fund changed its name to Nuveen Short Duration and Impact Bond Fund." noteItem="A.2.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>TIAA-CREF Funds</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
