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      <regZipOrPostalCode>10017</regZipOrPostalCode>
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      <assetsInvested>0.00000000</assetsInvested>
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      <invstOrSec>
        <name>EVERGY KANSAS CENTRAL</name>
        <lei>J75GNWGEO73W89ZV3S44</lei>
        <title>Westar Energy, Inc</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTHWESTERN CORP</name>
        <lei>3BPWMBHR1R9SHUN7J795</lei>
        <title>NorthWestern Corp</title>
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          <isin value="US668074AU17"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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      <invstOrSec>
        <name>STAR ENERGY GEOTHERMAL</name>
        <lei>N/A</lei>
        <title>Star Energy Geothermal Wayang Windu Ltd</title>
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          <isin value="US85511XAC48"/>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280BM0</cusip>
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          <isin value="US404280BM08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496312.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.03300000</annualizedRt>
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      <invstOrSec>
        <name>ASIAN DEVELOPMENT BANK</name>
        <lei>549300X0MVH42CY8Q105</lei>
        <title>Asian Development Bank</title>
        <cusip>045167DR1</cusip>
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          <isin value="US045167DR18"/>
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        <balance>579000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611211.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRANT CNTY WA PUBLIC UTIL DIST</name>
        <lei>N/A</lei>
        <title>Grant County Public Utility District No 2</title>
        <cusip>387883YU9</cusip>
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          <isin value="US387883YU90"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
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          <annualizedRt>3.21000000</annualizedRt>
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      <invstOrSec>
        <name>DUKE ENERGY FLORIDA LLC</name>
        <lei>7MOHLM3DKE63RX2ZCN83</lei>
        <title>Duke Energy Florida LLC</title>
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          <isin value="US26444HAH49"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>245697.45000000</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>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV</title>
        <cusip>45685NAA4</cusip>
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          <isin value="US45685NAA46"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>526979.47000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-06</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust</name>
        <lei>N/A</lei>
        <title>Tesla Auto Lease Trust</title>
        <cusip>88165GAD2</cusip>
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          <isin value="US88165GAD25"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244565.85000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS Trust</title>
        <cusip>05547HAN1</cusip>
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          <isin value="US05547HAN17"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>518713.44000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.95655000</annualizedRt>
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        <name>CONSERVATION FUND</name>
        <lei>N/A</lei>
        <title>Conservation Fund</title>
        <cusip>20848FAA8</cusip>
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          <isin value="US20848FAA84"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279502.88000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.47400000</annualizedRt>
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        <name>OHIO ST AIR QUALITY DEV AUTH E</name>
        <lei>549300DZUU80AYOR6M80</lei>
        <title>Ohio Air Quality Development Authority</title>
        <cusip>67754AAE4</cusip>
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          <isin value="US67754AAE47"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>GRACE MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>GRACE Mortgage Trust</title>
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          <isin value="US38406HAA05"/>
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        <balance>275000.00000000</balance>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-10</maturityDt>
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          <annualizedRt>3.36870000</annualizedRt>
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        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>SUNRUN CALLISTO ISSUER LLC</name>
        <lei>N/A</lei>
        <title>Sunrun Atlas Issuer LLC</title>
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        <name>PERUSAHAAN PENERBIT SBSN</name>
        <lei>254900G208H6Q0L5B953</lei>
        <title>Perusahaan Penerbit SBSN Indonesia III</title>
        <cusip>71567PAL4</cusip>
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          <isin value="US71567PAL40"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251822.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-20</maturityDt>
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        <name>CLEVELAND OH INCOME TAX REVENU</name>
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        <title>City of Cleveland OH Income Tax Revenue</title>
        <cusip>186387WU6</cusip>
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          <isin value="US186387WU65"/>
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        <balance>300000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>INTL BK RECON &amp; DEVELOP</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>International Bank for Reconstruction &amp; Development</title>
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          <isin value="US45905URL07"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>534709.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EUROPEAN BK RECON &amp; DEV</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-27</maturityDt>
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      <invstOrSec>
        <name>HANWHA ENERGY USA HOLDN</name>
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          <isin value="US41135WAA99"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-30</maturityDt>
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          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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          <isin value="US06051GHW24"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-22</maturityDt>
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          <annualizedRt>2.45600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AES GENER SA</name>
        <lei>549300IF4IFG0FS0RM26</lei>
        <title>AES Gener S.A.</title>
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          <isin value="US00105DAG07"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2079-10-07</maturityDt>
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          <annualizedRt>6.35000000</annualizedRt>
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      <invstOrSec>
        <name>EUROPEAN INVESTMENT BANK</name>
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        <title>European Investment Bank</title>
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          <isin value="US298785JA59"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DTE ELECTRIC CO</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co</title>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283804.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOUNT SHASTA CA PUBLIC FING AU</name>
        <lei>N/A</lei>
        <title>Mount Shasta Public Financing Authority</title>
        <cusip>623094AS8</cusip>
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          <isin value="US623094AS87"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225497.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barclays Commercial Mortgage S</name>
        <lei>N/A</lei>
        <title>BBCMS Trust</title>
        <cusip>05547HAJ0</cusip>
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          <isin value="US05547HAJ05"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94334.99000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.49800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>MIDAMERICAN ENERGY CO</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co</title>
        <cusip>595620AR6</cusip>
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          <isin value="US595620AR65"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>538602.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ALEXANDRIA REAL ESTATE E</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc</title>
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          <isin value="US015271AM12"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>510833.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SEMITROPIC CA IMPT DIST SEMITR</name>
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        <title>Semitropic Improvement District</title>
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          <isin value="US81684LDG86"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238077.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.16400000</annualizedRt>
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      <invstOrSec>
        <name>CPT MORTGAGE TRUST</name>
        <lei>N/A</lei>
        <title>CPT Mortgage Trust</title>
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          <isin value="US12654YAA73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489782.85000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-13</maturityDt>
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          <annualizedRt>2.86500000</annualizedRt>
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        <name>MOUNT SHASTA CA PUBLIC FING AU</name>
        <lei>N/A</lei>
        <title>Mount Shasta Public Financing Authority</title>
        <cusip>623094AV1</cusip>
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          <isin value="US623094AV17"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <name>Brookfield Property Partners LP</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP</title>
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          <isin value="BMG162491648"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GEORGIA POWER CO</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>Georgia Power Co</title>
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        <balance>500000.00000000</balance>
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        <name>INTL DEVELOPMENT ASSOC</name>
        <lei>P41R60HC414IWQA1XW02</lei>
        <title>International Development Association</title>
        <cusip>45939EAA8</cusip>
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          <isin value="US45939EAA82"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267404.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>N/A</invCountry>

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        <name>MOUNT SHASTA CA PUBLIC FING AU</name>
        <lei>N/A</lei>
        <title>Mount Shasta Public Financing Authority</title>
        <cusip>623094AT6</cusip>
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          <isin value="US623094AT60"/>
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        <balance>120000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>INT DEVELOPMENT FIN CORP</name>
        <lei>549300IDY55XMYWXSD28</lei>
        <title>Overseas Private Investment Corp (OPIC)</title>
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        <name>INVERSIONES CMPC SA</name>
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        <name>HERO Funding Trust</name>
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        <lei>EF9UQIIO4KY2BWOK3P26</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KLABIN AUSTRIA GMBH</name>
        <lei>984500578YEA8DD41B09</lei>
        <title>Klabin Austria GmbH</title>
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          <isin value="US49836AAB08"/>
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        <curCd>USD</curCd>
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        <invCountry>AT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-03</maturityDt>
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          <annualizedRt>7.00000000</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="US744448CS82"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
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      <invstOrSec>
        <name>AVANGRID INC</name>
        <lei>549300OX0Q38NLSKPB49</lei>
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          <isin value="US05351WAA18"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
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        <name>SunRun Athena Issuer</name>
        <lei>5493001ZI15Y2FZFMI30</lei>
        <title>Sunrun Athena Issuer LLC</title>
        <cusip>86772DAA4</cusip>
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          <isin value="US86772DAA46"/>
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          <maturityDt>2049-04-30</maturityDt>
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        <name>INT DEVELOPMENT FIN CORP</name>
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        <title>Overseas Private Investment Corp (OPIC)</title>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <name>Tesla Auto Lease Trust</name>
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        <title>Tesla Auto Lease Trust</title>
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          <isin value="US88165GAC42"/>
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      <invstOrSec>
        <name>HERO Funding Trust</name>
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        <title>HERO Funding Trust</title>
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          <isin value="US42771AAB26"/>
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        <invCountry>KY</invCountry>

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          <maturityDt>2048-09-20</maturityDt>
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        <name>TRANSMANTARO</name>
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        <invCountry>PE</invCountry>

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        <name>INTL BK RECON &amp; DEVELOP</name>
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        <name>HERO Funding Trust</name>
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        <title>HERO Funding Trust</title>
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        <name>MOUNT SHASTA CA PUBLIC FING AU</name>
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        <title>Mount Shasta Public Financing Authority</title>
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        <name>MIDAMERICAN ENERGY CO</name>
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        <name>REPUBLIC OF CHILE</name>
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        <invCountry>CL</invCountry>

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        <name>HERO Funding Trust</name>
        <lei>549300Z5C0ID42MSJA91</lei>
        <title>HERO Funding Trust</title>
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        <name>NEW YORK ST ENERGY RESEARCH &amp;</name>
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        <name>HERO Funding Trust</name>
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        <name>Brookfield Renewable Partners LP</name>
        <lei>VA8DFMRI2GY8Y7V79H93</lei>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
        <lei>N/A</lei>
        <title>Klickitat County Public Utilities</title>
        <cusip>498622KT5</cusip>
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          <isin value="US498622KT58"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103583.00000000</valUSD>
        <pctVal>0.312228460213</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.68800000</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>INT DEVELOPMENT FIN CORP</name>
        <lei>549300IDY55XMYWXSD28</lei>
        <title>Overseas Private Investment Corp (OPIC)</title>
        <cusip>6903536K8</cusip>
        <identifiers>
          <isin value="US6903536K89"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276439.22000000</valUSD>
        <pctVal>0.833265999278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.58000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AZURE POWER ENERGY LTD</name>
        <lei>54930051LQDFHGQMHF47</lei>
        <title>Azure Power Energy Ltd</title>
        <cusip>05502JAA8</cusip>
        <identifiers>
          <isin value="US05502JAA88"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456447.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INT DEVELOPMENT FIN CORP</name>
        <lei>N/A</lei>
        <title>Overseas Private Investment Corp (OPIC)</title>
        <cusip>90376PAD3</cusip>
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          <isin value="US90376PAD33"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261075.35000000</valUSD>
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        <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>1.79000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DAF5</cusip>
        <identifiers>
          <isin value="US13063DAF50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503840.00000000</valUSD>
        <pctVal>1.518716269986</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.29500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHINHAN FINANCIAL GROUP</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>Shinhan Financial Group Co Ltd</title>
        <cusip>82460P2A2</cusip>
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          <isin value="US82460P2A28"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206739.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.34000000</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>CELULOSA ARAUCO CONSTITU</name>
        <lei>549300QEKV8G0AMNQD28</lei>
        <title>Celulosa Arauco y Constitucion S.A.</title>
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          <isin value="US151191BL61"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196750.00000000</valUSD>
        <pctVal>0.593060150285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INT DEVELOPMENT FIN CORP</name>
        <lei>549300IDY55XMYWXSD28</lei>
        <title>Overseas Private Investment Corp (OPIC)</title>
        <cusip>6903535V5</cusip>
        <identifiers>
          <isin value="US6903535V53"/>
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        <balance>243400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274114.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</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>NBM US HOLDINGS INC</name>
        <lei>5493008K1QMSP0J8UC24</lei>
        <title>NBM US Holdings, Inc</title>
        <cusip>62877VAB7</cusip>
        <identifiers>
          <isin value="US62877VAB71"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225000.00000000</valUSD>
        <pctVal>0.678213640733</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-06</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Chase Commercial Mor</name>
        <lei>N/A</lei>
        <title>JP Morgan Chase Commercial Mortgage Securities Trust</title>
        <cusip>46637YAA7</cusip>
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          <isin value="US46637YAA73"/>
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        <balance>177907.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177013.07000000</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>2032-07-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.09340000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>TIAA-CREF Funds</ncom:nameOfApplicant>
      <ncom:signature>E. Scott Wickerham</ncom:signature>
      <ncom:signerName>E. Scott Wickerham</ncom:signerName>
      <ncom:title>Funds Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
