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        <name>Government National Mortgage Association 2</name>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>Freddie Mac</name>
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        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
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        <name>GLOBAL AIRCRAFT LEASING CO., LTD</name>
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        <name>PINE STREET TRUST II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VISTAJET MALTA FINANCE P.L.C.</name>
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        <name>WHITE IRIS TEMP SHARES</name>
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        <name>EMRLD BORROWER LP</name>
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        <name>WHIRLPOOL CORPORATION</name>
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        <name>MAGNETITE CLO, LIMITED</name>
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        <name>Freddie Mac</name>
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        <name>TARGA RESOURCES CORP.</name>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>C&amp;W SENIOR FINANCE LIMITED</name>
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        <name>MPT OPERATING PARTNERSHIP, L.P.</name>
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        <name>CENTURY ALUMINUM COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AUTONATION, INC.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association</name>
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        <name>Accendra Health, Inc.</name>
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        <name>Government National Mortgage Association</name>
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        <name>CLEVELAND-CLIFFS INC.</name>
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        <name>Freddie Mac</name>
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        <name>PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP I, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LIGHT AND WONDER INTERNATIONAL, INC.</name>
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      <invstOrSec>
        <name>ANGUS CHEMICAL TERM B 1LN</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>United States of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>CELANESE US HOLDINGS LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>COMMERCIAL METALS COMPANY</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>COMMERCIAL METALS CO</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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        <name>AMERICAN ROCK SALT COMPANY LLC</name>
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        <title>AMERICAN ROCK SALT TERM 1ST OUT TL</title>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DELEK LOGISTICS PARTNERS, LP</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>KINETIK HOLDINGS LP</name>
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        <name>VICI PROPERTIES L.P.</name>
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        <invCountry>US</invCountry>

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        <name>SUNOCO LP</name>
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        <name>CITIGROUP INC.</name>
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        <name>PG&amp;E CORPORATION</name>
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        <name>ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC</name>
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        <title>CALIFORNIA BUYER LTD ATLANTI</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>SPLAT SUPER HOLDCO, LLC</name>
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        <title>SIZZLING PLATTER TERM 1LN</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>Petroleos Mexicanos</name>
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        <name>AerCap Ireland Capital Designated Activity Company</name>
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        <name>Government National Mortgage Association</name>
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        <name>VIRGIN MEDIA FINANCE PLC</name>
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        <name>STRATEGY INC</name>
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        <name>CELANESE US HOLDINGS LLC</name>
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        <name>INTL COMMERCIAL MORTGAGE TRUST</name>
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        <name>DREAM FINDERS HOMES, INC.</name>
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        <name>BEAZER HOMES USA, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>UNIVISION COMMUNICATIONS INC.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Smyrna Ready Mix Concrete, LLC</name>
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        <name>SUNNOVA ENERGY CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORACLE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DUQUESNE LIGHT HOLDINGS, INC.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>IHS Holding Limited</name>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>AIMCO CLO LTD</name>
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        <name>ORGANON &amp; CO.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>ON SEMICONDUCTOR CORPORATION</name>
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              <title>ON SEMICONDUCTOR CORPORATION</title>
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        <name>BMP COMMERCIAL MORTGAGE TRUST</name>
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        <name>Horizon Midco 2 Limited</name>
        <lei>N/A</lei>
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        <invCountry>GG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2031-10-31</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>APLD COMPUTECO LLC</name>
        <lei>N/A</lei>
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          <isin value="US00202DAA54"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NAVIENT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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        <name>Olin Corporation</name>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FEDERAL HOME LOAN MORTGAGE CORP</title>
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          <isin value="US3132QNSS97"/>
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        <balance>13232.33300000</balance>
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        <curCd>USD</curCd>
        <valUSD>12584.87000000</valUSD>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
        <title>GOVERNMENT NATIONAL MORTGAGE ASSOCIATION</title>
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          <isin value="US36202FZX76"/>
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        <balance>140430.12900000</balance>
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        <curCd>USD</curCd>
        <valUSD>133410.78000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>CSC HOLDINGS, LLC</name>
        <lei>3HG2WD2W22M120IUNG49</lei>
        <title>CSC HOLDINGS LLC</title>
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        <curCd>USD</curCd>
        <valUSD>59750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>United States of America</name>
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        <title>U S TREASURY BOND</title>
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        <issuerCat>UST</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TALLGRASS ENERGY PARTNERS, LP</name>
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        <name>JEFFERIES FINANCE LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PLANET FITNESS MASTER ISSUER LLC</name>
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        <name>THE CHEMOURS COMPANY</name>
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        <name>HEXION HOLDINGS CORPORATION</name>
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        <name>Life Time, Inc.</name>
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        <name>TEAM SERVICES HOLDING, INC.</name>
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        <name>Freddie Mac</name>
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        <name>BLOCK, INC.</name>
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        <name>ONEMAIN FINANCE CORP</name>
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        <name>ACUSHNET COMPANY</name>
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        <name>GRAND RIVER FUNDING TRUST I</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Champion Iron Canada Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>VORNADO REALTY L.P.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>VOLOFIN FINANCE (IRELAND) DESIGNATED ACTIVITY COMPANY</name>
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        <name>GOLAR LNG LIMITED</name>
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        <name>OT MIDCO INC.</name>
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        <name>ASHTON WOODS USA L.L.C.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LIFE MORTGAGE TRUST</name>
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        <title>LIFE MORTGAGE TRUST US</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DAVITA INC.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>WBI OPERATING LLC</name>
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        <name>Freddie Mac</name>
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        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <name>CELANESE US HOLDINGS LLC</name>
        <lei>CD30XVRLT4QO00B1C706</lei>
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        <invCountry>US</invCountry>

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        <name>NXP B.V.</name>
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        <name>MPT OPERATING PARTNERSHIP, L.P.</name>
        <lei>WUQXXXF7PXTUPGROE843</lei>
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        <name>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <invCountry>FR</invCountry>

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        <name>PBF HOLDING COMPANY LLC</name>
        <lei>549300TILVIIV9FLL461</lei>
        <title>PBF HOLDING CO LLC</title>
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        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>AVOLON HOLDINGS FNDG LTD</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>United States of America</name>
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        <name>Freddie Mac</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>PAYCHEX, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>TGP HOLDINGS III LLC</name>
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        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
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        <name>CHENIERE ENERGY, INC.</name>
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        <name>Teva Pharmaceutical Finance Netherlands III B.V.</name>
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        <name>SPLAT SUPER HOLDCO, LLC</name>
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        <name>CLEAR CHANNEL OUTDOOR HOLDINGS, INC.</name>
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        <title>CLEAR 7 875 4 1 2030</title>
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        <name>PG&amp;E CORPORATION</name>
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        <name>SOUTHWESTERN ELECTRIC POWER COMPANY</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
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        <title>BX TRUST</title>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>THE CHEMOURS COMPANY</name>
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        <name>Freddie Mac</name>
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        <name>UNITI SERVICES LLC</name>
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        <name>Freddie Mac</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Freddie Mac</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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          <isin value="US3133KYVY21"/>
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        <balance>17035.54200000</balance>
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        <curCd>USD</curCd>
        <valUSD>14802.33000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVELIS CORPORATION</name>
        <lei>549300G5F3W3B52WYL23</lei>
        <title>NOVELIS CORP</title>
        <cusip>670001AH9</cusip>
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          <isin value="US670001AH91"/>
          <other otherDesc="Internal" value="670001AH9"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17800.00000000</valUSD>
        <pctVal>0.014242832889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U S TREASURY BOND</title>
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        <identifiers>
          <isin value="US912810UK24"/>
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        <balance>1601000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1558973.75000000</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>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAPHIC PACKAGING INTERNATIONAL, LLC</name>
        <lei>SO75N4VY5NXGQSK8YQ65</lei>
        <title>GRAPHIC PACKAGING INTERN</title>
        <cusip>38869AAD9</cusip>
        <identifiers>
          <isin value="US38869AAD90"/>
          <other otherDesc="Internal" value="38869AAD9"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18275.00000000</valUSD>
        <pctVal>0.014622908485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</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>
        <name>Kingdom of Saudi Arabia</name>
        <lei>635400FMICXSM3SI3H65</lei>
        <title>SAUDI INTERNATIONAL BOND</title>
        <cusip>80413TAT6</cusip>
        <identifiers>
          <isin value="US80413TAT60"/>
          <other otherDesc="Internal" value="80413TAT6"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214795.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITGO PETROLEUM CORPORATION</name>
        <lei>YX52P86PXMLYDOTUQ225</lei>
        <title>CITGO PETROLEUM CORP</title>
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          <isin value="US17302XAN66"/>
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        <balance>6000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6195.00000000</valUSD>
        <pctVal>0.004956985940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.37500000</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>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>3140XECK8</cusip>
        <identifiers>
          <isin value="US3140XECK87"/>
          <other otherDesc="Internal" value="3140XECK8"/>
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        <balance>65890.74900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58797.60000000</valUSD>
        <pctVal>0.047047437701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOLFSPEED, INC.</name>
        <lei>549300OGU88P3AW3TO93</lei>
        <title>WOLFSPEED INC</title>
        <cusip>977852AQ5</cusip>
        <identifiers>
          <isin value="US977852AQ57"/>
          <other otherDesc="Internal" value="977852AQ5"/>
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        <balance>3000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4225.26000000</valUSD>
        <pctVal>0.003380880454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>WOLFSPEED, INC.</name>
              <title>WOLFSPEED, INC.</title>
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          <currencyInfos>
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          <delta>XXXX</delta>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST QUANTUM MINERALS LTD.</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS LTD</title>
        <cusip>335934AW5</cusip>
        <identifiers>
          <isin value="US335934AW52"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FEDERAL NATIONAL MORTGAGE ASSOCIATION</title>
        <cusip>01F060634</cusip>
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        <balance>-200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-203794.00000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
        <lei>N/A</lei>
        <title>PALMER SQUARE LOAN FUNDING LTD</title>
        <cusip>69704AAA9</cusip>
        <identifiers>
          <isin value="US69704AAA97"/>
          <other otherDesc="Internal" value="69704AAA9"/>
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        <balance>222922.67400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222781.13000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.61219000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TANGER PROPERTIES LIMITED PARTNERSHIP</name>
        <lei>PQPGJDNFN35EXH363L31</lei>
        <title>TANGER PROPERTIES LP</title>
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          <isin value="US875484AL13"/>
          <other otherDesc="Internal" value="875484AL1"/>
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        <balance>237000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211697.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VENTURE GLOBAL PLAQUEMINES LNG, LLC</name>
        <lei>549300TKP4I6OJ02BF90</lei>
        <title>VENTURE GLOBAL PLAQUE</title>
        <cusip>922966AC0</cusip>
        <identifiers>
          <isin value="US922966AC03"/>
          <other otherDesc="Internal" value="922966AC0"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20850.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GILDAN ACTIVEWEAR INC.</name>
        <lei>549300SB3IBI34M00Z45</lei>
        <title>GILDAN ACTIVEWEAR INC</title>
        <cusip>375916AF0</cusip>
        <identifiers>
          <isin value="US375916AF02"/>
          <other otherDesc="Internal" value="375916AF0"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9885.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-07</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dreyfus Treasury Securities Cash Management; Institutional Shares</name>
        <lei>N/A</lei>
        <title>DREYFUS TREASURY SECURITIES CASH MANAGEMENT</title>
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        <balance>4847882.66000000</balance>
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        <valUSD>4847882.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OMEGA HEALTHCARE INVESTORS, INC.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>OMEGA HEALTHCARE INVESTORS INC</title>
        <cusip>681936BN9</cusip>
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          <isin value="US681936BN99"/>
          <other otherDesc="Internal" value="681936BN9"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17587.50000000</valUSD>
        <pctVal>0.014072799069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>MPT OPERATING PARTNERSHIP, L.P.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>BANK OF AMERICA CORPORATION</name>
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        <name>Freddie Mac</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>THE ADT SECURITY CORPORATION</name>
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        <name>CANACOL ENERGY LTD</name>
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        <name>AASET TRUST</name>
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        <name>CORECIVIC, INC.</name>
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        <name>APLD COMPUTECO 2 LLC</name>
        <lei>N/A</lei>
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        <name>Freddie Mac</name>
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        <name>ASCENT RESOURCES UTICA HOLDINGS, LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EXELON CORPORATION</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CONSTANT CONTACT, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>LIFE MORTGAGE TRUST</name>
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        <name>SOTHEBY'S</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>MAGNETITE CLO, LIMITED</name>
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        <name>EMERGENT BIOSOLUTIONS INC.</name>
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        <name>CVS HEALTH CORPORATION</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>KOSMOS ENERGY LTD.</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LIFE MORTGAGE TRUST</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LAKESIDE PARK CLO LTD</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-15</maturityDt>
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      <invstOrSec>
        <name>CHS/COMMUNITY HEALTH SYSTEMS, INC.</name>
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        <name>CSMC TRUST</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <issuerCat>USGSE</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CANO HEALTH LLC COMMON STOCK LINE</name>
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        <assetCat>EC</assetCat>
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        <name>WEBER BLACKSTONE TERM</name>
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        <title>WEBER BLACKSTONE TERM</title>
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        <name>GRAN TIERRA ENERGY INC.</name>
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        <name>CONNECT HOLDING II LLC</name>
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        <name>U.S. ACUTE CARE SOLUTIONS, LLC</name>
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        <name>SGUS LLC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-07</maturityDt>
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        <name>DELL INTERNATIONAL L.L.C.</name>
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        <title>DELL INTERNATIONAL LLC EMC CORP</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States of America</name>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRANSDIGM INC.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CCO HOLDINGS, LLC</name>
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        <valUSD>22750.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>SURGERY CENTER HOLDINGS, INC.</name>
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        <title>SURGERY CENTER HOLDINGS</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLEGRO CLO LTD</name>
        <lei>N/A</lei>
        <title>ALLEGRO CLO LTD</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-20</maturityDt>
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      <invstOrSec>
        <name>CEDAR FUNDING LTD</name>
        <lei>N/A</lei>
        <title>CEDAR FUNDING XII CLO LTD</title>
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          <isin value="US15033TBA25"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-25</maturityDt>
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      <invstOrSec>
        <name>AMERICAN AXLE &amp; MANUFACTURING, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AVOLON HOLDINGS FUNDING LIMITED</name>
        <lei>635400ZRKEX9L1BKCH30</lei>
        <title>AVOLON HOLDINGS FUNDING LTD</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>THE E.W. SCRIPPS COMPANY</name>
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        <title>EW SCRIPPS CO THE</title>
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        <name>ALTICE FINANCING S.A.</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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        <name>NAVIGATOR AVIATION LTD AND NAVIGATOR AVIATION LLC</name>
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        <title>NAVIGATOR 2025 1 AVIATION LTD</title>
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        <name>Federal National Mortgage Association</name>
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        <name>LGI HOMES, INC.</name>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>MSCI INC.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SIXTH STREET CLO LTD</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>CHENIERE ENERGY, INC.</name>
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        <name>UNITI SERVICES LLC</name>
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        <name>ALTICE FRANCE SAS</name>
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        <name>MICHAELS TERM 1LN</name>
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        <name>Axian Telecom Holding and Management PLC</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>ALTICE FRANCE SAS</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>MAGNETITE CLO, LIMITED</name>
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        <name>WRANGLER HOLDCO CORP.</name>
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        <name>HESS CORPORATION</name>
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        <name>CLYDESDALE ACQUISITION HOLDINGS, INC.</name>
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        <name>ELLINGTON FINANCIAL OPERATING PARTNERSHIP LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CITIGROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>W. R. GRACE HOLDINGS LLC</name>
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        <name>ORGANON &amp; CO.</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>UNITI SERVICES LLC</name>
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        <name>Ahlstrom Holding 3 Oy</name>
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        <name>Freddie Mac</name>
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        <name>STARWOOD PROPERTY TRUST, INC.</name>
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        <name>Freddie Mac</name>
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        <name>ONEOK, INC.</name>
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        <name>DBR LAND HOLDINGS LLC</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>MACQUARIE AIRFINANCE HOLDINGS LIMITED</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>CASTLELAKE AIRCRAFT SECURITIZATION TRUST</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>Ambipar Lux S.a r.l.</name>
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        <name>EnfraGen Energia Sur, S.A.U.</name>
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        <name>THE AES CORPORATION</name>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>Performance Food Group, Inc.</name>
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        <name>LADDER CAPITAL FINANCE HOLDINGS LLLP</name>
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        <name>STARWOOD PROPERTY TRUST, INC.</name>
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        <name>OCP CLO LTD</name>
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        <name>Freddie Mac</name>
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        <name>Freddie Mac</name>
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        <name>OAK-EAGLE ACQUIRECO, INC.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>SGUS LLC</name>
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        <name>GOLAR LNG LIMITED</name>
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        <name>LIQUID TELECOMMUNICATIONS FINANCING PLC</name>
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        <name>THE CHEMOURS COMPANY</name>
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        <name>GGAM Finance Limited</name>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG, LLC</name>
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        <name>CLARIOS US FINANCE COMPANY, INC.</name>
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        <name>ALLY FINANCIAL INC.</name>
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        <name>ANYWHERE REAL ESTATE GROUP LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COREBRIDGE FINANCIAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KOSMOS ENERGY LTD.</name>
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        <curCd>USD</curCd>
        <valUSD>11940.00000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freddie Mac</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clearway Energy Operating LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <balance>41858.44900000</balance>
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        <curCd>USD</curCd>
        <valUSD>40050.74000000</valUSD>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JACKSON FINANCIAL INC.</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>JACKSON FINANCIAL INC</title>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70474.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac</name>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP INC.</name>
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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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        <name>PG&amp;E CORPORATION</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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              <title>PG&amp;E CORPORATION</title>
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        <name>TANGER PROPERTIES LIMITED PARTNERSHIP</name>
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        <name>COPT DEFENSE PROPERTIES, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COOPER-STANDARD AUTOMOTIVE INC.</name>
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        <title>COOPER STANDARD AUTOMOTIVE INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROADCOM INC.</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC</title>
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        <balance>597000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>ICAHN ENTERPRISES L.P.</name>
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        <name>BEACON MOBILITY FINANCE CORP.</name>
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        <name>ILIAD HOLDING SAS</name>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <name>VENTURE GLOBAL PLAQUEMINES LNG, LLC</name>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SANCHEZ ENERGY CORP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>THE GEO GROUP, INC.</name>
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        <name>JBS USA Holding Lux S.a r.l.</name>
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        <name>Freddie Mac</name>
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        <name>HERC HOLDINGS INC.</name>
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        <name>Healthcare Realty Holdings, L.P.</name>
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        <name>COLUMBIA PIPELINES OPERATING COMPANY LLC</name>
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        <name>BX TRUST</name>
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        <name>CTR PARTNERSHIP, L.P.</name>
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      <invstOrSec>
        <name>EG GLOBAL FINANCE PLC</name>
        <lei>549300TL8Q5207VYET27</lei>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Viking Cruises Ltd</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association 2</name>
        <lei>N/A</lei>
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          <isin value="US36179WVT25"/>
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        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FLATIRON CLO LTD</name>
        <lei>N/A</lei>
        <title>FLATIRON CLO LTD</title>
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          <isin value="US33882MAA36"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CVR ENERGY, INC.</name>
        <lei>529900SOYZIXZBTXB558</lei>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>DAVITA INC.</name>
        <lei>M2XHYMU3TZNEZURC6H66</lei>
        <title>DAVITA INC</title>
        <cusip>23918KAY4</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-15</maturityDt>
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      <invstOrSec>
        <name>ALTICE FRANCE HOLDINGS SA CVR</name>
        <lei>N/A</lei>
        <title>ALTICE FRANCE HOLDINGS SA CVR</title>
        <cusip>021CVRAA2</cusip>
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          <isin value="N/A"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANGUS CHEMICAL TERM 2LN</name>
        <lei>N/A</lei>
        <title>ANGUS CHEMICAL TERM 2LN</title>
        <cusip>04317JAF5</cusip>
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          <isin value="US04317JAF57"/>
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        <balance>9000.00000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-24</maturityDt>
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      <invstOrSec>
        <name>ARES CLO LTD</name>
        <lei>N/A</lei>
        <title>ARES LIV CLO LTD</title>
        <cusip>04017WAW2</cusip>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>XPLR INFRASTRUCTURE OPERATING PARTNERS, LP</name>
        <lei>549300KJEC5IUVJWR786</lei>
        <title>XPLR INFRASTRUCTURE OPERATING PARTNERS LP</title>
        <cusip>98380MAA3</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PLYM COMMERCIAL MORTGAGE TRUST</name>
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        <title>PLYM COMMERCIAL MORTGAGE TRUST 2026 IND</title>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>PUGET ENERGY, INC.</name>
        <lei>SYBSJ96YIDMIUY7WDR33</lei>
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        <name>JEFFERIES FINANCE LLC</name>
        <lei>549300SKVB18YSSIDT75</lei>
        <title>JEFFERIES FINANCE LLC JFIN CO ISSUER CORP</title>
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        <name>VICI PROPERTIES L.P.</name>
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        <title>VICI PROPERTIES LP</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>STANDARD BUILDING SOLUTIONS INC.</name>
        <lei>54930064UHXCIUWVI755</lei>
        <title>STANDARD BUILDING SOLUTIONS INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>ACRISURE HOLDINGS INC SER A 2 PC</name>
        <lei>N/A</lei>
        <title>ACRISURE HOLDINGS INC SER A 2 PC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>US FOODS, INC.</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
        <title>US FOODS INC</title>
        <cusip>90290MAE1</cusip>
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        <name>BCPE EMPIRE HOLDINGS, INC.</name>
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        <name>Freddie Mac</name>
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        <name>TENET HEALTHCARE CORPORATION</name>
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        <name>BLOCK, INC.</name>
        <lei>549300OHIIUWSTIZME52</lei>
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        <name>DELEK LOGISTICS PARTNERS, LP</name>
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        <name>Freddie Mac</name>
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        <name>UNITED RENTALS (NORTH AMERICA), INC.</name>
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        <name>Republica de Colombia</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>CASTLELAKE AIRCRAFT SECURITIZATION TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>Government National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST</name>
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        <name>Ardagh Metal Packaging Finance Public Limited Company</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ORACLE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Federal National Mortgage Association</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRANDYWINE OPERATING PARTNERSHIP, L.P.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BLACKSTONE PRIVATE CREDIT FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Performance Food Group, Inc.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>United States of America</name>
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        <title>U S TREASURY BOND</title>
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        <name>Freddie Mac</name>
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        <title>FEDERAL HOME LOAN MORTGAGE CORPORATION</title>
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        <name>SUBWAY FUNDING LLC</name>
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        <name>COREBRIDGE FINANCIAL, INC.</name>
        <lei>549300XY1661QCIA7J65</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Government National Mortgage Association 2</name>
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        <name>PALMER SQUARE LOAN FUNDING LTD.</name>
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        <name>Post Holdings, Inc.</name>
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        <name>HEXION HOLDINGS CORPORATION</name>
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        <name>Freddie Mac</name>
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        <name>TALEN ENERGY SUPPLY, LLC</name>
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        <name>PLYM COMMERCIAL MORTGAGE TRUST</name>
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        <name>Federal National Mortgage Association</name>
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        <name>United States of America</name>
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        <name>TULLOW OIL PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STAPLES, INC.</name>
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        <name>Government National Mortgage Association</name>
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        <name>Consolidated Energy Finance S.A.</name>
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        <name>GLOBAL PARTNERS LP</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>HORIZON AIRCRAFT FINANCE I LIMITED</name>
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        <name>HORIZON AIRCRAFT FINANCE I LIMITED</name>
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        <name>MORGAN STANLEY EATON VANCE CLO</name>
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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <name>Government National Mortgage Association 2</name>
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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Freddie Mac</name>
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        <name>BX COMMERCIAL MORTGAGE TRUST</name>
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        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</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>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER OPERATING LP</title>
        <cusip>29278NAR4</cusip>
        <identifiers>
          <isin value="US29278NAR44"/>
          <other otherDesc="Internal" value="29278NAR4"/>
        </identifiers>
        <balance>87000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>71856.08000000</valUSD>
        <pctVal>0.057496299972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</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>
      <invstOrSec>
        <name>ALLY FINANCIAL INC.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC</title>
        <cusip>02005NBN9</cusip>
        <identifiers>
          <isin value="US02005NBN93"/>
          <other otherDesc="Internal" value="02005NBN9"/>
        </identifiers>
        <balance>4000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3699.02000000</valUSD>
        <pctVal>0.002959804703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2199-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</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>STONEMOR INC.</name>
        <lei>N/A</lei>
        <title>STONEMOR INC</title>
        <cusip>86184WAA4</cusip>
        <identifiers>
          <isin value="US86184WAA45"/>
          <other otherDesc="Internal" value="86184WAA4"/>
        </identifiers>
        <balance>38000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37002.50000000</valUSD>
        <pctVal>0.029607888987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BX TRUST</name>
        <lei>N/A</lei>
        <title>BX TRUST 2025 ROIC</title>
        <cusip>05593VAJ2</cusip>
        <identifiers>
          <isin value="US05593VAJ26"/>
          <other otherDesc="Internal" value="05593VAJ2"/>
        </identifiers>
        <balance>51728.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51250.03000000</valUSD>
        <pctVal>0.041008180497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.21551000</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>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Allianz Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monique Labbe</ncom:signature>
      <ncom:signerName>Monique Labbe</ncom:signerName>
      <ncom:title>Treasurer - Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
